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REGISTERED NUMBER: 07530920 (England and Wales)









Financial Statements

for the Year Ended 31 March 2025

for

Lear Travel Limited

Lear Travel Limited (Registered number: 07530920)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Lear Travel Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Ms N L Lear





REGISTERED OFFICE: Kinetic Centre
Theobald Street
Borehamwood
Hertfordshire
WD6 4PJ





REGISTERED NUMBER: 07530920 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
Suite 301, Stanmore Business
and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW

Lear Travel Limited (Registered number: 07530920)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 76,840 57,592

CURRENT ASSETS
Debtors 5 6,108 2,709
Cash at bank 105,862 119,191
111,970 121,900
CREDITORS
Amounts falling due within one year 6 (39,358 ) (64,768 )
NET CURRENT ASSETS 72,612 57,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

149,452

114,724

PROVISIONS FOR LIABILITIES (17,905 ) -
NET ASSETS 131,547 114,724

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 131,545 114,722
SHAREHOLDERS' FUNDS 131,547 114,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 July 2025 and were signed by:





Ms N L Lear - Director


Lear Travel Limited (Registered number: 07530920)

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

1. STATUTORY INFORMATION

Lear Travel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents commission earned in respect of holidays, flights and other travel arrangements made. This commission is only recognised as earned in these financial statements once the service has been fully provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% Straight line
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

Lear Travel Limited (Registered number: 07530920)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 3,659 54,088 1,951 59,698
Additions - 72,704 1,399 74,103
Disposals - (53,205 ) - (53,205 )
At 31 March 2025 3,659 73,587 3,350 80,596
DEPRECIATION
At 1 April 2024 596 - 1,510 2,106
Charge for year 915 177 558 1,650
At 31 March 2025 1,511 177 2,068 3,756
NET BOOK VALUE
At 31 March 2025 2,148 73,410 1,282 76,840
At 31 March 2024 3,063 54,088 441 57,592

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Prepayments & accrued income 6,108 2,709

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Tax 2,869 18,276
Social security & other taxes 284 138
Value added tax 16,176 15,967
Directors' current accounts 17,787 28,397
Accruals & deferred income 2,242 1,990
39,358 64,768