REGISTERED NUMBER: 06237868 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 March 2025

for

Travelling Man Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M N Homsi

S Emmott

S Campey

M J Taylor

A J Copping

REGISTERED OFFICE:

Unit 3

Emmanuel Trading Estate

Leeds

West Yorkshire

LS12 1AT

REGISTERED NUMBER:

06237868 (England and Wales)

ACCOUNTANTS:

Equate Limited

Chartered Certified Accountants

The Hive Wakefield

142 Thornes Lane

Wakefield

West Yorkshire

WF2 7RE

FIXED ASSETS

Tangible assets

4

29,998

32,456

Investments

5

51

51

30,049

32,507

CURRENT ASSETS

Stocks

1,347,138

1,206,220

Debtors

6

164,464

127,301

Cash at bank and in hand

377,833

217,972

1,889,435

1,551,493

CREDITORS

Amounts falling due within one year

7

1,739,793

1,442,738

NET CURRENT ASSETS

149,642

108,755

TOTAL ASSETS LESS CURRENT LIABILITIES

179,691

141,262

CREDITORS

Amounts falling due after more than one year

8

(2,058

)

(71,810

)

PROVISIONS FOR LIABILITIES

(3,446

)

(1,575

)

NET ASSETS

174,187

67,877

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

173,187

66,877

SHAREHOLDERS' FUNDS

174,187

67,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by:

M N Homsi - Director

1.	STATUTORY INFORMATION

Travelling Man Limited 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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Taxation

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

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 41 (2024 - 43 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

92,881

11,404

12,823

117,108

Additions

-

2,528

9,656

12,184

At 31 March 2025

92,881

13,932

22,479

129,292

DEPRECIATION

At 1 April 2024

66,722

6,737

11,193

84,652

Charge for year

9,288

1,079

4,275

14,642

At 31 March 2025

76,010

7,816

15,468

99,294

NET BOOK VALUE

At 31 March 2025

16,871

6,116

7,011

29,998

At 31 March 2024

26,159

4,667

1,630

32,456

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

51

NET BOOK VALUE

At 31 March 2025

51

At 31 March 2024

51

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

1,136

Other debtors

16,454

345

Directors' current accounts

-

16,310

Prepayments and accrued income

148,010

109,510

164,464

127,301

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 9)

69,825

155,414

Other loans (see note 9)

508,280

319,833

Trade creditors

607,442

519,349

Amounts owed to group undertakings

18,605

85,478

Tax

88,557

41,912

Social security and other taxes

44,449

35,227

VAT

82,120

27,241

Other creditors

306,508

246,918

Directors' current accounts

34

-

Accruals and deferred income

13,973

11,366

1,739,793

1,442,738

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 9)

2,058

71,810

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

69,825

155,414

Other loans

508,280

319,833

578,105

475,247

Amounts falling due between one and two years:

Bank loans - 1-2 years

1,693

70,066

31.3.25

31.3.24

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

365

1,744

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

123,424

142,280

Between one and five years

381,280

410,561

In more than five years

-

88,000

504,704

640,841

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M N Homsi.