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REGISTERED NUMBER: 04419082 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SOUTH WEST BACKPACKERS LIMITED

SOUTH WEST BACKPACKERS LIMITED (REGISTERED NUMBER: 04419082)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOUTH WEST BACKPACKERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs J Smith
M P Sanders
Miss S N S Foster





SECRETARY: Mrs J Smith





REGISTERED OFFICE: 9 Lewarne Road
Newquay
Cornwall
TR7 3JR





REGISTERED NUMBER: 04419082 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

SOUTH WEST BACKPACKERS LIMITED (REGISTERED NUMBER: 04419082)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,446 71,310

CURRENT ASSETS
Debtors 5 1,817 1,756
Cash at bank and in hand 117,806 122,249
119,623 124,005
CREDITORS
Amounts falling due within one year 6 78,016 87,136
NET CURRENT ASSETS 41,607 36,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,053

108,179

PROVISIONS FOR LIABILITIES 930 10
NET ASSETS 111,123 108,169

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 111,023 108,069
SHAREHOLDERS' FUNDS 111,123 108,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

SOUTH WEST BACKPACKERS LIMITED (REGISTERED NUMBER: 04419082)

BALANCE SHEET - continued
31 MARCH 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 12 October 2023 and were signed on its behalf by:




Mrs J Smith - Director M P Sanders - Director




Miss S N S Foster - Director


SOUTH WEST BACKPACKERS LIMITED (REGISTERED NUMBER: 04419082)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

South West Backpackers 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 represents net invoiced sales of good and services, excluding 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.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 4 ) .

SOUTH WEST BACKPACKERS LIMITED (REGISTERED NUMBER: 04419082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 65,555 77,888 36,855 11,713 192,011
DEPRECIATION
At 1 April 2022 - 74,474 34,514 11,713 120,701
Charge for year - 513 351 - 864
At 31 March 2023 - 74,987 34,865 11,713 121,565
NET BOOK VALUE
At 31 March 2023 65,555 2,901 1,990 - 70,446
At 31 March 2022 65,555 3,414 2,341 - 71,310

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
VAT 242 366
Prepayments 1,575 1,390
1,817 1,756

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 351 372
Corporation tax 1,030 10,570
Social security and other taxes 1,373 450
Directors' current accounts 74,492 74,544
Accrued expenses 770 1,200
78,016 87,136

7. ULTIMATE CONTROLLING PARTY

During the year,the company was controlled by its director Miss S Foster, by virtue of the fact that she is owned 100% of the company's issued Ordinary share capital.