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Registration number: 10650847

Travel Industry Connect Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Travel Industry Connect Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Travel Industry Connect Limited

Company Information

Director

Mr C Cohen

Company secretary

Mr C Cohen

Registered office

9 Cherry Tree Lane
Potters Bar
EN6 2QG

Accountants

DG Accountancy Services Limited
Chartered Accountants17 Stonecot Hill
Sutton
Surrey
SM3 9HB

 

Travel Industry Connect Limited

(Registration number: 10650847)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

32,509

-

Tangible assets

5

24,841

710

 

57,350

710

Current assets

 

Debtors

6

216,990

141,493

Cash at bank and in hand

 

50,501

36,739

 

267,491

178,232

Creditors: Amounts falling due within one year

7

(55,331)

(45,854)

Net current assets

 

212,160

132,378

Total assets less current liabilities

 

269,510

133,088

Creditors: Amounts falling due after more than one year

7

(32,911)

(17,831)

Net assets

 

236,599

115,257

Capital and reserves

 

Called up share capital

101

101

Retained earnings

236,498

115,156

Shareholders' funds

 

236,599

115,257

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 June 2025
 

.........................................
Mr C Cohen
Company secretary and director

   
     
 

Travel Industry Connect Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Cherry Tree Lane
Potters Bar
EN6 2QG

These financial statements were authorised for issue by the director on 13 June 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

33% on cost

Motor Vehicle

25% on Reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Intangible Asset - Software

20% on Cost

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

Travel Industry Connect Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

Additions acquired separately

33,724

33,724

At 31 March 2025

33,724

33,724

Amortisation

Amortisation charge

1,215

1,215

At 31 March 2025

1,215

1,215

Carrying amount

At 31 March 2025

32,509

32,509

5

Tangible assets

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

2,555

739

3,294

Additions

1,083

26,948

28,031

At 31 March 2025

3,638

27,687

31,325

Depreciation

At 1 April 2024

2,235

349

2,584

Charge for the year

433

3,467

3,900

At 31 March 2025

2,668

3,816

6,484

Carrying amount

At 31 March 2025

970

23,871

24,841

At 31 March 2024

320

390

710

6

Debtors

 

Travel Industry Connect Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Current

2025
£

2024
£

Trade debtors

11,941

5,375

Other debtors

205,049

136,118

 

216,990

141,493

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

6,253

-

Taxation and social security

 

45,136

37,871

Other creditors

 

3,942

7,983

 

55,331

45,854

 

Travel Industry Connect Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

32,911

17,831