Registered number
06680005
Quest Travel Limited
Unaudited Filleted Accounts
31 December 2024
Quest Travel Limited
Registered number: 06680005
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 14,360 41,000
Cash at bank and in hand 158,580 136,001
172,940 177,001
Creditors: amounts falling due within one year 4 (69,748) (80,541)
Net current assets 103,192 96,460
Total assets less current liabilities 103,192 96,460
Creditors: amounts falling due after more than one year 5 (27,891) (33,448)
Net assets 75,301 63,012
Capital and reserves
Called up share capital 30,000 30,000
Profit and loss account 45,301 33,012
Shareholders' funds 75,301 63,012
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.
Ms M Gulamhusein
Director
Approved by the board on 8 August 2025
Quest Travel Limited
Notes to the Accounts
for the year ended 31 December 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).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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 comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is recognised on a departure date 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Trade debtors - 959
Other debtors 14,360 40,041
14,360 41,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,556 5,556
Taxation and social security costs 2,882 3,281
Other creditors 61,310 71,704
69,748 80,541
Included within other creditors are advanced receipts totalling £24,812 (2023: £37,555) relating to trips departing post year end.
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,537 30,092
Other creditors 3,354 3,356
27,891 33,448
6 BSP Outstanding
As at the 31 December 2024, the Company had NIL (2023 - NIL) payments due to International Air Transport Association (IATA) for tickets issued in the month of December 2024.
7 Other information
Quest Travel Limited is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor, Nucleus House
2 Lower Mortlake Road
Richmond
TW9 2JA
Quest Travel Limited 06680005 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 Ms M Gulamhusein No description of principal activity 06680005 2023-01-01 2023-12-31 06680005 core:WithinOneYear 2023-12-31 06680005 core:AfterOneYear 2023-12-31 06680005 core:ShareCapital 2023-12-31 06680005 core:RetainedEarningsAccumulatedLosses 2023-12-31 06680005 2024-01-01 2024-12-31 06680005 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06680005 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 06680005 bus:Director40 2024-01-01 2024-12-31 06680005 1 2024-01-01 2024-12-31 06680005 2 2024-01-01 2024-12-31 06680005 1 2024-01-01 2024-12-31 06680005 countries:England 2024-01-01 2024-12-31 06680005 bus:FRS102 2024-01-01 2024-12-31 06680005 bus:FilletedAccounts 2024-01-01 2024-12-31 06680005 2024-12-31 06680005 core:WithinOneYear 2024-12-31 06680005 core:AfterOneYear 2024-12-31 06680005 core:ShareCapital 2024-12-31 06680005 core:RetainedEarningsAccumulatedLosses 2024-12-31 06680005 2023-12-31 iso4217:GBP xbrli:pure