Company Registration No. 6025084 (England and Wales)
INEO TRAVEL LTD
Unaudited accounts
for the year ended 31 December 2020
INEO TRAVEL LTD
Unaudited accounts
Contents
INEO TRAVEL LTD
Company Information
for the year ended 31 December 2020
Directors
Mr K Bozejewicz
Miss D Kubik
Company Number
6025084 (England and Wales)
Registered Office
28-29 THE BROADWAY
EALING
LONDON
W5 2NP
Accountants
Muraszko & Co Ltd
23 Wadsworth Business Centre
21 Wadsworth Road
Middlesex
UB6 7LQ
INEO TRAVEL LTD
Statement of financial position
as at
31 December 2020
Intangible assets
15,000
15,000
Tangible assets
(1,168)
2,099
Cash at bank and in hand
42,472
5,513
Creditors: amounts falling due within one year
(41,198)
(17,732)
Net current assets
29,831
23,439
Called up share capital
40,000
40,000
Profit and loss account
3,663
538
Shareholders' funds
43,663
40,538
For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2021 and were signed on its behalf by
Mr K Bozejewicz
Director
Company Registration No. 6025084
INEO TRAVEL LTD
Notes to the Accounts
for the year ended 31 December 2020
INEO TRAVEL LTD is a private company, limited by shares, registered in England and Wales, registration number 6025084. The registered office is 28-29 THE BROADWAY, EALING, LONDON, W5 2NP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are not amortised.
Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 January 2020
13,000
2,000
15,000
At 31 December 2020
13,000
2,000
15,000
At 31 December 2020
-
-
-
At 31 December 2020
13,000
2,000
15,000
At 31 December 2019
13,000
2,000
15,000
INEO TRAVEL LTD
Notes to the Accounts
for the year ended 31 December 2020
5
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
At 31 December 2020
37,334
Charge for the year
3,994
At 31 December 2020
38,502
At 31 December 2020
(1,168)
At 31 December 2019
2,099
6
Debtors: amounts falling due within one year
2020
2019
Trade debtors
1,864
1,864
Other debtors
26,693
33,794
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
25,000
-
Taxes and social security
3,909
200
Other creditors
8,863
15,396
8
Share capital
2020
2019
Allotted, called up and fully paid:
40,000 Ordinary shares of £1 each
40,000
40,000
9
Average number of employees
During the year the average number of employees was 3 (2019: 3).