Registration number: 09662999

Tourerworld (2015) Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 5

Tourerworld (2015) Limited

(Registration number: 09662999)
Balance Sheet as at 31 December 2024

	Note	2024 £		2023 £
Fixed assets
Tangible assets	4		-		1,475
Current assets
Stocks	5	-		85
Debtors	6	37,041		15,508
		37,041		15,593
Creditors: Amounts falling due within one year	7	(100,851)		(62,796)
Net current liabilities			(63,810)		(47,203)
Total assets less current liabilities			(63,810)		(45,728)
Creditors: Amounts falling due after more than one year	7		(24,994)		(30,549)
Net liabilities			(88,804)		(76,277)
Capital and reserves
Called up share capital		2		2
Profit and loss account		(88,806)		(76,279)
Total equity			(88,804)		(76,277)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

......................................... Mr M.D. Bell Director

Tourerworld (2015) Limited

Notes to the Financial Statements For The Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tourerworld (2015) Limited

Notes to the Financial Statements For The Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	20% on cost
Plant and machinery	Various rates on cost
Fixtures and fittings	15% on cost
Computer equipment	25% on cost
Motor vehicles	25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

Tourerworld (2015) Limited

Notes to the Financial Statements For The Year Ended 31 December 2024

4	Tangible assets

	Land and buildings £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2024	27,935	10,026	37,961
Disposals	(27,935)	-	(27,935)
At 31 December 2024	-	10,026	10,026
Depreciation
At 1 January 2024	26,460	10,026	36,486
Eliminated on disposal	(26,460)	-	(26,460)
At 31 December 2024	-	10,026	10,026
Carrying amount
At 31 December 2024	-	-	-
At 31 December 2023	1,475	-	1,475

5

Stocks

	2024 £	2023 £
Other inventories	-	85

6

Debtors

Current	2024 £	2023 £
Trade debtors	355	1,030
Amounts owed by related parties	23,414	-
Other debtors	13,272	14,478
	37,041	15,508

Tourerworld (2015) Limited

Notes to the Financial Statements For The Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Loans and borrowings	17,171	12,238
Trade creditors	1,919	532
Taxation and social security	1,309	159
Other creditors	80,452	49,867
	100,851	62,796

Creditors: amounts falling due after more than one year

	2024 £	2023 £
Due after one year
Loans and borrowings	24,994	30,549

Creditors include bank loans repayable by instalments of £2,771 (2023 - £8,327) due after more than five years.