Company Registration No. 10549017 (England and Wales)
Feel Free Travel Limited
Unaudited accounts
for the year ended 31 January 2025
Feel Free Travel Limited
Unaudited accounts
Contents
Feel Free Travel Limited
Company Information
for the year ended 31 January 2025
Directors
Mathew James Stirland
Adam Whitehouse
Company Number
10549017 (England and Wales)
Registered Office
124 City Road
London
EC1V 2NX
England
Feel Free Travel Limited
Statement of financial position
as at 31 January 2025
Tangible assets
12,977
17,995
Cash at bank and in hand
493,549
299,544
Creditors: amounts falling due within one year
(704,974)
(529,452)
Net current assets
27,654
7,254
Total assets less current liabilities
40,631
25,249
Creditors: amounts falling due after more than one year
(24,593)
(28,741)
Provisions for liabilities
Deferred tax
(3,244)
(4,498)
Net assets/(liabilities)
12,794
(7,990)
Called up share capital
100
100
Profit and loss account
12,694
(8,090)
Shareholders' funds
12,794
(7,990)
For the year ending 31 January 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by
Adam Whitehouse
Director
Company Registration No. 10549017
Feel Free Travel Limited
Notes to the Accounts
for the year ended 31 January 2025
Feel Free Travel Limited is a private company, limited by shares, registered in England and Wales, registration number 10549017. The registered office is 124 City Road, London, EC1V 2NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 the departure and end date of travel.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
4 Years
Computer equipment
4 Years
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Feel Free Travel Limited
Notes to the Accounts
for the year ended 31 January 2025
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
2,592
1,378
21,491
25,461
At 31 January 2025
2,592
1,378
22,667
26,637
At 1 February 2024
283
459
6,724
7,466
Charge for the year
684
459
5,051
6,194
At 31 January 2025
967
918
11,775
13,660
At 31 January 2025
1,625
460
10,892
12,977
At 31 January 2024
2,309
919
14,767
17,995
Amounts falling due within one year
Trade debtors
233,600
189,699
Accrued income and prepayments
5,479
3,525
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
19,507
20,538
Obligations under finance leases and hire purchase contracts
-
427
Trade creditors
505
21,725
Taxes and social security
21,785
266
Loans from directors
210
-
Deferred income
662,638
485,224
7
Creditors: amounts falling due after more than one year
2025
2024
Deferred income
10,787
12,772
Feel Free Travel Limited
Notes to the Accounts
for the year ended 31 January 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Included in other debtors
21,969
(21,969)
-
-
Included in other debtors
21,969
(21,969)
-
-
9
Average number of employees
During the year the average number of employees was 4 (2024: 3).