London Travel Centre Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

London Travel Centre Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07044776 . The registered office is 95 Ilford Lane, Ilford, Essex, IG1 2RJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% on reducing balance method
Fixtures & Fittings	25% on reducing balance method
Computer Equipment	25% on reducing balance method

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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London Travel Centre Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.6. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	1	1
Sales, marketing and distribution	2	2

	3	3

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 November 2024	20,650	21,865	27,426	69,941
Additions	9,500	1,583	1,665	12,748

As at 31 October 2025	30,150	23,448	29,091	82,689

Depreciation
As at 1 November 2024	17,828	19,763	23,179	60,770
Provided during the period	1,848	921	1,478	4,247

As at 31 October 2025	19,676	20,684	24,657	65,017

Net Book Value
As at 31 October 2025	10,474	2,764	4,434	17,672

As at 1 November 2024	2,822	2,102	4,247	9,171

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London Travel Centre Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	28,132	9,778
Other debtors	31,785	50,785
VAT	599	314
Other taxes and social security	-	300

	60,516	61,177

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	5,318	3,839
Bank loans and overdrafts	34,633	26,904
Corporation tax	4,096	183
NEST Pensions	426	421

	44,473	31,347

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	4,346	-
Bank loans	17,647	24,290

	21,993	24,290

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	4,346	-

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10,100	10,100

10. BSP Outstanding Cash Sales at FYE

The review shows the Quick Ratio and Cash Cover Ratio are over 1. The closing balance as of 31 October 2025 was £4.74

11. Audit Information

The auditor's report on the accounts of London Travel Centre Ltd for the year ended 31 October 2025 was unqualified.

The auditor's report was signed by Statutory Auditor.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		17,672		9,171

			17,672		9,171
CURRENT ASSETS
Debtors	5	60,516		61,177
Cash at bank and in hand		5,409		3,920

		65,925		65,097
Creditors: Amounts Falling Due Within One Year	6	(44,473 )		(31,347 )

NET CURRENT ASSETS (LIABILITIES)			21,452		33,750

TOTAL ASSETS LESS CURRENT LIABILITIES			39,124		42,921

Creditors: Amounts Falling Due After More Than One Year	7		(21,993 )		(24,290 )

NET ASSETS			17,131		18,631

CAPITAL AND RESERVES
Called up share capital	9		10,100		10,100
Profit and Loss Account			7,031		8,531

SHAREHOLDERS' FUNDS			17,131		18,631