Company registration number: NI637055
Unaudited financial statements
for the year ended 31 March 2025
for
Travel Smart Worldwide Limited
Pages for filing with the Registrar
Company registration number: NI637055
Travel Smart Worldwide Limited
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 2,500 5,000
Tangible assets 5 5,275 7,050
7,775 12,050
Current assets
Debtors 17,722 15,342
Cash at bank and in hand 5,136 5,190
22,858 20,532
Creditors: amounts falling due within one
year 		(23,554) (36,828)
Net current liabilities (696) (16,296)
Total assets less current liabilities 7,079 (4,246)
Creditors: Amounts falling due after more
than one year 		(4,000) (4,000)
NET ASSETS/(LIABILITIES) 3,079 (8,246)
Capital and reserves
Called up share capital 2 2
Profit and loss account 3,077 (8,248)
TOTAL EQUITY 3,079 (8,246)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: NI637055
Travel Smart Worldwide Limited
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mrs G Murnin, Director
11 December 2025
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Travel Smart Worldwide Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Travel Smart Worldwide Limited is a private company registered in Northern Ireland. Its registered number is NI637055. The company is limited by shares. Its registered office is 32 Magheralone Road, Ballynahinch, County Down, BT24 8ND.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 10% straight line
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.
Land and buildings:
Freehold property - 10% straight line
Plant and machinery etc.:
Computer equipment - 15% reducing balance
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Travel Smart Worldwide Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
4 Intangible assets
Goodwill
£
Cost
At 1 April 2024 25,000
At 31 March 2025 25,000
Amortisation
At 1 April 2024 20,000
Charge for year 2,500
At 31 March 2025 22,500
Net book value
At 31 March 2025 2,500
At 31 March 2024 5,000
5 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 April 2024 13,033 7,986 21,019
At 31 March 2025 13,033 7,986 21,019
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Travel Smart Worldwide Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
5 Tangible fixed assets - continued
Depreciation
At 1 April 2024 9,123 4,846 13,969
Charge for year 1,304 471 1,775
At 31 March 2025 10,427 5,317 15,744
Net book value
At 31 March 2025 2,606 2,669 5,275
At 31 March 2024 3,910 3,140 7,050
6 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024.
2025 2024
£ £
Gillian Murnin
Balance outstanding at start of year 4,835 4,835
Amounts advanced 34,575 -
Amounts repaid (36,602) -
Balance outstanding at end of year 2,808 4,835
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