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TRACY MASON TRAVEL LIMITED

Registered Number
07430818
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

TRACY MASON TRAVEL LIMITED
Company Information
for the year from 1 December 2023 to 30 November 2024

Director

Mrs T Mason

Registered Address

Stonecross
Penkridge
ST19 6AS

Registered Number

07430818 (England and Wales)
TRACY MASON TRAVEL LIMITED
Statement of Financial Position
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets44,2674,808
4,2674,808
Current assets
Debtors520,90121,688
Cash at bank and on hand238,468309,010
259,369330,698
Creditors amounts falling due within one year6(66,539)(148,061)
Net current assets (liabilities)192,830182,637
Total assets less current liabilities197,097187,445
Creditors amounts falling due after one year7(7,500)(17,500)
Net assets189,597169,945
Capital and reserves
Called up share capital100100
Profit and loss account189,497169,845
Shareholders' funds189,597169,945
The financial statements were approved and authorised for issue by the Director on 28 August 2025, and are signed on its behalf by:
Mrs T Mason
Director
Registered Company No. 07430818
TRACY MASON TRAVEL LIMITED
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Fixtures and fittings6.67
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year56
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 December 235,2005,200
At 30 November 245,2005,200
Amortisation and impairment
At 01 December 235,2005,200
At 30 November 245,2005,200
Net book value
At 30 November 24--
At 30 November 23--
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 December 2310,9445,62216,566
Additions626319945
At 30 November 2411,5705,94117,511
Depreciation and impairment
At 01 December 236,4165,34211,758
Charge for year1,1173691,486
At 30 November 247,5335,71113,244
Net book value
At 30 November 244,0372304,267
At 30 November 234,5282804,808
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables20,90121,688
Total20,90121,688
6.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts10,00010,000
Taxation and social security25,01331,505
Other creditors31,526106,556
Total66,539148,061
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts7,50017,500
Total7,50017,500