REGISTERED NUMBER: 12204572 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

The Traveller and The Bear Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Knight

L A Bachini

REGISTERED OFFICE:

Unit 14 St Peters Wharf

St Peters Basin

Newcastle Upon Tyne

NE6 1TZ

REGISTERED NUMBER:

12204572 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Tangible assets

4

120,359

131,279

CURRENT ASSETS

Debtors

5

51,987

76,151

Cash at bank

97,056

77,480

149,043

153,631

CREDITORS

Amounts falling due within one year

6

72,753

72,534

NET CURRENT ASSETS

76,290

81,097

TOTAL ASSETS LESS CURRENT LIABILITIES

196,649

212,376

CREDITORS

Amounts falling due after more than one year

7

(66,579

)

(88,957

)

PROVISIONS FOR LIABILITIES

(10,713

)

(9,190

)

NET ASSETS

119,357

114,229

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

119,257

114,129

119,357

114,229

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 directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2025 and were signed on its behalf by:

C Knight - Director

L A Bachini - Director

1.	STATUTORY INFORMATION

The Traveller and The Bear Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

-

115,270

34,939

150,209

Additions

1,386

-

22,192

23,578

At 31 December 2024

1,386

115,270

57,131

173,787

DEPRECIATION

At 1 January 2024

-

3,842

15,088

18,930

Charge for year

294

23,054

11,150

34,498

At 31 December 2024

294

26,896

26,238

53,428

NET BOOK VALUE

At 31 December 2024

1,092

88,374

30,893

120,359

At 31 December 2023

-

111,428

19,851

131,279

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

115,270

DEPRECIATION

At 1 January 2024

3,842

Charge for year

23,054

At 31 December 2024

26,896

NET BOOK VALUE

At 31 December 2024

88,374

At 31 December 2023

111,428

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

51,427

32,593

Other debtors

560

43,558

51,987

76,151

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

21,234

21,207

Taxation and social security

47,134

47,421

Other creditors

4,385

3,906

72,753

72,534

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

66,579

88,957

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

87,813

110,164

9.	OTHER FINANCIAL COMMITMENTS

At the 31 December 2024 there were total leasing commitments of £52,626 (2023: £6,250)