Registered number
08880884
Globe Backpackers Limited
Unaudited Filleted Accounts
31 July 2024
Globe Backpackers Limited
Registered number: 08880884
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 18,086 18,865
Current assets
Debtors 4 51,327 55,603
Cash at bank and in hand 393 1,779
51,720 57,382
Creditors: amounts falling due within one year 5 (28,931) (27,928)
Net current assets 22,789 29,454
Total assets less current liabilities 40,875 48,319
Creditors: amounts falling due after more than one year 6 (4,665) (10,268)
Provisions for liabilities (3,437) (3,584)
Net assets 32,774 34,467
Capital and reserves
Called up share capital 2 2
Profit and loss account 32,772 34,465
Shareholders' funds 32,774 34,467
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs C Heaton
Director
Approved by the board on 21 April 2025
Globe Backpackers Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
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 from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Land and Buildings 0% straight line
Debtors/creditors receivable/payable within one year
Debtors and creditors with no stated interest rate receivable and payable within one year are recorded at the transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 13,658 15,097 28,755
Additions - 328 328
At 31 July 2024 13,658 15,425 29,083
Depreciation
At 1 August 2023 - 9,890 9,890
Charge for the year - 1,107 1,107
At 31 July 2024 - 10,997 10,997
Net book value
At 31 July 2024 13,658 4,428 18,086
At 31 July 2023 13,658 5,207 18,865
4 Debtors 2024 2023
£ £
Other debtors 51,327 55,603
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 13,947 5,908
Trade creditors 394 374
Taxation and social security costs 14,533 21,589
Other creditors 57 57
28,931 27,928
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,665 10,268
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Interest charged on loan at HMRC official rate and is repayable on demand 49,790 55,643 (59,780) 45,653
49,790 55,643 (59,780) 45,653
8 Other information
Globe Backpackers Limited is a private company limited by shares and incorporated in England. Its registered office is:
25 Bonhay Road
Exeter
Devon
EX4 4BP
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