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Registered number: 10560200
Cheap Travel Shop LTD
Financial Statements
For The Year Ended 31 December 2025
Imran Watson Chartered Certified Accountants
FCCA
Listerhills Science Park
18 Campus Road
Bradford
West Yorkshire
BD7 1HR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10560200
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 561 748
561 748
CURRENT ASSETS
Debtors 5 47,147 53,320
Cash at bank and in hand 3,583 639
50,730 53,959
Creditors: Amounts Falling Due Within One Year 6 (11,688 ) (10,281 )
NET CURRENT ASSETS (LIABILITIES) 39,042 43,678
TOTAL ASSETS LESS CURRENT LIABILITIES 39,603 44,426
Creditors: Amounts Falling Due After More Than One Year 7 (25,944 ) (31,583 )
NET ASSETS 13,659 12,843
CAPITAL AND RESERVES
Called up share capital 8 15,000 15,000
Profit and Loss Account (1,341 ) (2,157 )
SHAREHOLDERS' FUNDS 13,659 12,843
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For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Abid Mahmood
Director
04/08/2026
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cheap Travel Shop LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10560200 . The registered office is 54 Plumstead High Street, Plumstead, London, SE18 1SL.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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 measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Fixtures & Fittings 25% on reducing balance method
Computer Equipment 25% on reducing balance method
2.4. 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: 1 (2024: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2025 1,815 1,818 3,633
As at 31 December 2025 1,815 1,818 3,633
Depreciation
As at 1 January 2025 1,430 1,455 2,885
Provided during the period 96 91 187
As at 31 December 2025 1,526 1,546 3,072
Net Book Value
As at 31 December 2025 289 272 561
As at 1 January 2025 385 363 748
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 45,340 51,467
VAT 177 223
Other taxes and social security 1,630 1,630
47,147 53,320
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 11,458 10,051
Corporation tax 230 230
11,688 10,281
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 25,944 31,583
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 15,000 15,000
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Abid Mahmood by virtue of his ownership of 100% of the issued share capital in the company.
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