REGISTERED NUMBER: 05178376 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Global Events (Travel) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P R Harris

REGISTERED OFFICE:

22 Sandsgate

Town Street Farsley

Pudsey

West Yorkshire

LS28 5UJ

REGISTERED NUMBER:

05178376 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

FIXED ASSETS

Tangible assets

4

78,850

931

CURRENT ASSETS

Stocks

153,728

280,920

Debtors

5

86,720

76,706

Cash at bank

457,151

484,922

697,599

842,548

CREDITORS

Amounts falling due within one year

6

535,019

671,419

NET CURRENT ASSETS

162,580

171,129

TOTAL ASSETS LESS CURRENT LIABILITIES

241,430

172,060

CAPITAL AND RESERVES

Called up share capital

40,002

40,002

Retained earnings

201,428

132,058

241,430

172,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 3 July 2025 and were signed by:

P R Harris - Director

1.	STATUTORY INFORMATION

Global Events (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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Work in progress

Work in progress represents direct costs incurred in advance by the company in respect of events that had not commenced at the year end. The costs will be carried forward to be matched against related income at the commencement of the event.

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Deferred income

Deferred income arises when a sale is raised but the date of travel has not yet occurred and the income remains potentially refundable to the client upon cancellation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

3,572

-

3,572

Additions

2,315

76,707

79,022

At 31 December 2024

5,887

76,707

82,594

DEPRECIATION

At 1 January 2024

2,641

-

2,641

Charge for year

474

629

1,103

At 31 December 2024

3,115

629

3,744

NET BOOK VALUE

At 31 December 2024

2,772

76,078

78,850

At 31 December 2023

931

-

931

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

9,258

2,440

Section 455 tax

17,578

17,178

Directors' loan accounts

53,908

52,722

VAT

1,835

623

Prepayments

4,141

3,743

86,720

76,706

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

3,399

25,514

Tax

11,020

-

Social security and other taxes

-

282

Net wages

1,659

45

Accruals and deferred income

516,821

643,558

Accrued expenses

2,120

2,020

535,019

671,419

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

P R Harris

Balance outstanding at start of year

52,722

52,722

Amounts advanced

1,186

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

53,908

52,722

The above loan is unsecured and interest has been charged at the HMRC beneficial loan rate. The loan is repayable on demand.