Citywise Travel Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10229137 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

CITYWISE TRAVEL LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Jamil

REGISTERED OFFICE:

126 Chairborough Road

High Wycombe

HP12 3HN

REGISTERED NUMBER:

10229137 (England and Wales)

ACCOUNTANTS:

Braham Noble Denholm & Co.

Rubicon House

Unit 5

Second Way

Wembley

Middlesex

HA9 0YJ

FIXED ASSETS

Tangible assets

4

346,030

187,080

CURRENT ASSETS

Debtors

41,622

43,404

Cash at bank and in hand

244,695

211,068

286,317

254,472

CREDITORS

Amounts falling due within one year

154,186

91,883

NET CURRENT ASSETS

132,131

162,589

TOTAL ASSETS LESS CURRENT LIABILITIES

478,161

349,669

CREDITORS

Amounts falling due after more than one year

135,237

173,873

NET ASSETS

342,924

175,796

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

6

342,824

175,696

SHAREHOLDERS' FUNDS

342,924

175,796

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 December 2023 and were signed by:

M Shazad - Director

1.	STATUTORY INFORMATION

Citywise Travel Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

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 8 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2022

219,837

Additions

272,750

Disposals

(55,000

)

At 30 June 2023

437,587

DEPRECIATION

At 1 July 2022

32,757

Charge for year

75,300

Eliminated on disposal

(16,500

)

At 30 June 2023

91,557

NET BOOK VALUE

At 30 June 2023

346,030

At 30 June 2022

187,080

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

£1

100

100

6.

RESERVES

Retained

earnings

£

At 1 July 2022

175,696

Profit for the year

192,128

Dividends

(25,000

)

At 30 June 2023

342,824