Nomadic Travel Limited
Registered number: 03897925
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 3,167 2,478
Current assets
Debtors 4 5,988 5,675
Cash at bank and in hand 161,783 169,664
167,771 175,339
Creditors: amounts falling due within one year 5 (132,480) (117,422)
Net current assets 35,291 57,917
Total assets less current liabilities 38,458 60,395
Provisions for liabilities (585) (450)
Net assets 37,873 59,945
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 36,873 58,945
Shareholders' funds 37,873 59,945
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.
RB Hitchings
Director
Approved by the board on 11 July 2025
Nomadic Travel Limited
Notes to the Accounts
for the year ended 31 March 2025
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).
Turnover
Turnover is measured at the fair value of commissions received or receivable, net of discounts and value added taxes.
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% on a reducing balance basis
Fixtures, fittings, tools and equipment 20% on a reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 18,591
Additions 1,483
At 31 March 2025 20,074
Depreciation
At 1 April 2024 16,113
Charge for the year 794
At 31 March 2025 16,907
Net book value
At 31 March 2025 3,167
At 31 March 2024 2,478
4 Debtors 2025 2024
£ £
Other debtors 5,988 5,675
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 116,516 106,124
Corporation tax 1,725 3,155
Other taxes and social security costs 5,235 5,534
Other creditors 9,004 2,609
132,480 117,422
6 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 66,375 81,125
7 Controlling party
The company is controlled by the directors who owns 100% of the shares.
8 Other information
Nomadic Travel Limited is a private company limited by shares and incorporated in England. Its registered office is:
25-26
Gandy Street
Exeter
Devon
EX4 3LS
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