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Registered number: 09621526
Igo Travel Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Silverstone Business Consulting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09621526
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,015,057 1,066,635
1,015,057 1,066,635
CURRENT ASSETS
Debtors 5 112,252 92,152
Cash at bank and in hand 148,408 170,385
260,660 262,537
Creditors: Amounts Falling Due Within One Year 6 (459,427 ) (476,963 )
NET CURRENT ASSETS (LIABILITIES) (198,767 ) (214,426 )
TOTAL ASSETS LESS CURRENT LIABILITIES 816,290 852,209
Creditors: Amounts Falling Due After More Than One Year 7 (184,919 ) (491,031 )
NET ASSETS 631,371 361,178
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 630,371 360,178
SHAREHOLDERS' FUNDS 631,371 361,178
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Huan Zeng
Director
17/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Igo Travel Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09621526 . The registered office is Studio 8 15 Main Drive, East Lane Business Park, Wembley, England, HA9 7NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% on Reducing balance
Fixtures & Fittings 10% on Reducing balance
Computer Equipment 10% on Reducing balance
From the financial year2020, Company has changed the rate of depreciating its tangible fixed asset from 20% on a reducing balance basis to 10% on a reducing balance basis as this revised rate better reflects the entity’s consumption of the tangible fixed asset over their useful lives and is consistent with the entity’s replacement cycle.
The change in depreciation rate is a change in accounting estimate and is accounted for in the period of the change and in subsequent periods.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 5)
12 5
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 1,611,370 800 3,952 1,616,122
Additions 53,628 - 6,551 60,179
As at 30 June 2024 1,664,998 800 10,503 1,676,301
Depreciation
As at 1 July 2023 548,859 152 476 549,487
Provided during the period 110,720 65 972 111,757
As at 30 June 2024 659,579 217 1,448 661,244
Net Book Value
As at 30 June 2024 1,005,419 583 9,055 1,015,057
As at 1 July 2023 1,062,511 648 3,476 1,066,635
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 275
Other debtors 3,000 18,200
Loan - 10,000
Staff loan - 2,000
Other debtors (3) 61,500 -
VAT 25,746 39,671
Directors' loan accounts 22,006 22,006
112,252 92,152
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 216,113 147,389
Trade creditors (2 ) 445
Corporation tax - (789 )
Other taxes and social security 4,711 3,392
Net wages 23,384 24,862
Other creditors - 300
Pension control 34 168
Other creditors - deposit received - 1,350
HSBC Loan 195,000 277,500
Bank account no. 2 HSBC CC 2,483 8,215
Bank account no. 3 Amex CC 14,945 13,231
Accruals and deferred income 2,759 900
459,427 476,963
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 184,919 491,031
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 216,113 147,389
Later than one year and not later than five years 184,919 491,031
401,032 638,420
401,032 638,420
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5