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REGISTERED NUMBER: SC236962 (Scotland)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

SCANDINAVIAN TRAVEL LTD.

SCANDINAVIAN TRAVEL LTD. (REGISTERED NUMBER: SC236962)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCANDINAVIAN TRAVEL LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: O T Murat
Miss A S Jomas





REGISTERED OFFICE: 4th Floor
115 George Street
Edinburgh
EH2 4JN





REGISTERED NUMBER: SC236962 (Scotland)





ACCOUNTANTS: Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG

SCANDINAVIAN TRAVEL LTD. (REGISTERED NUMBER: SC236962)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,100 -
Tangible assets 5 1,388 2,288
15,488 2,288

CURRENT ASSETS
Debtors 6 6,292 4,740
Cash at bank and in hand 314,309 283,283
320,601 288,023
CREDITORS
Amounts falling due within one year 7 211,141 209,686
NET CURRENT ASSETS 109,460 78,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,948

80,625

CAPITAL AND RESERVES
Called up share capital 21,435 21,435
Capital redemption reserve 8 21,435 21,435
Retained earnings 8 82,078 37,755
SHAREHOLDERS' FUNDS 124,948 80,625

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 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.

SCANDINAVIAN TRAVEL LTD. (REGISTERED NUMBER: SC236962)

BALANCE SHEET - continued
30 JUNE 2023


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 13 October 2023 and were signed on its behalf by:





O T Murat - Director


SCANDINAVIAN TRAVEL LTD. (REGISTERED NUMBER: SC236962)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Scandinavian Travel Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts receivable for tour operator services recognised on a departure date basis.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33.33% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Derivative financial instruments
Derivative financial instruments are initially measured at fair value on the date in which the contract is entered and are subsequently valued at fair value with any movement being included in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

SCANDINAVIAN TRAVEL LTD. (REGISTERED NUMBER: SC236962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 July 2022 12,870 - 12,870
Additions - 14,100 14,100
At 30 June 2023 12,870 14,100 26,970
AMORTISATION
At 1 July 2022
and 30 June 2023 12,870 - 12,870
NET BOOK VALUE
At 30 June 2023 - 14,100 14,100
At 30 June 2022 - - -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 7,416 6,940 14,356
DEPRECIATION
At 1 July 2022 7,273 4,795 12,068
Charge for year 143 757 900
At 30 June 2023 7,416 5,552 12,968
NET BOOK VALUE
At 30 June 2023 - 1,388 1,388
At 30 June 2022 143 2,145 2,288

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,292 4,740

SCANDINAVIAN TRAVEL LTD. (REGISTERED NUMBER: SC236962)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,713 1,480
Taxation and social security 11,944 12,858
Other creditors 190,484 195,348
211,141 209,686

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 July 2022 37,755 21,435 59,190
Profit for the year 44,323 - 44,323
At 30 June 2023 82,078 21,435 103,513