IRIS Accounts Production v23.3.1.45 05105814 director 1.8.22 31.7.23 31.7.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051058142022-07-31051058142023-07-31051058142022-08-012023-07-31051058142021-07-31051058142021-08-012022-07-31051058142022-07-3105105814ns10:Originalns15:EnglandWales2022-08-012023-07-3105105814ns14:PoundSterlingns10:Original2022-08-012023-07-3105105814ns10:Originalns10:Director12022-08-012023-07-3105105814ns10:Original2022-08-012023-07-3105105814ns10:Original2023-07-3105105814ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3105105814ns10:Originalns10:SmallEntities2022-08-012023-07-3105105814ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3105105814ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3105105814ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3105105814ns10:Originalns10:AbridgedAccounts2022-08-012023-07-3105105814ns10:Original12022-08-012023-07-3105105814ns10:CompanySecretary1ns10:Original2022-08-012023-07-3105105814ns10:Originalns10:RegisteredOffice2022-08-012023-07-3105105814ns10:Original2022-07-3105105814ns10:Originalns5:CurrentFinancialInstruments2023-07-3105105814ns10:Originalns5:CurrentFinancialInstruments2022-07-3105105814ns10:Originalns5:Non-currentFinancialInstruments2023-07-3105105814ns10:Originalns5:Non-currentFinancialInstruments2022-07-3105105814ns5:ShareCapitalns10:Original2023-07-3105105814ns5:ShareCapitalns10:Original2022-07-3105105814ns10:Originalns5:RevaluationReserve2023-07-3105105814ns10:Originalns5:RevaluationReserve2022-07-3105105814ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3105105814ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3105105814ns10:Originalns5:NetGoodwill2022-08-012023-07-3105105814ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-08-012023-07-3105105814ns10:Originalns5:FurnitureFittings2022-08-012023-07-3105105814ns10:Originalns5:ComputerEquipment2022-08-012023-07-3105105814ns10:Original2021-08-012022-07-3105105814ns10:Original2022-07-3105105814ns10:Originalns5:RevaluationReserve2022-07-31
REGISTERED NUMBER: 05105814 (England and Wales)












GULLIVERS TRAVELS (LONGTON) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






GULLIVERS TRAVELS (LONGTON) LTD (REGISTERED NUMBER: 05105814)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GULLIVERS TRAVELS (LONGTON) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mrs J A Taylor



SECRETARY: Miss E J Hart



REGISTERED OFFICE: Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB



REGISTERED NUMBER: 05105814 (England and Wales)



ACCOUNTANTS: Rushtons
Chartered Accountants
Shorrock House
1 Faraday Court
Fulwood
Preston
Lancashire
PR2 9NB



BANKERS: National Westminster Bank plc
35 Fishergate
Preston
Lancashire
PR1 3BH

GULLIVERS TRAVELS (LONGTON) LTD (REGISTERED NUMBER: 05105814)

ABRIDGED BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,250 2,500
Tangible assets 5 91,923 91,158
93,173 93,658

CURRENT ASSETS
Debtors 16,049 21,763
Cash at bank and in hand 312,643 199,902
328,692 221,665
CREDITORS
Amounts falling due within one year 253,951 182,480
NET CURRENT ASSETS 74,741 39,185
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,914

132,843

CREDITORS
Amounts falling due after more than
one year

(30,878

)

(27,327

)

PROVISIONS FOR LIABILITIES (391 ) (175 )
NET ASSETS 136,645 105,341

GULLIVERS TRAVELS (LONGTON) LTD (REGISTERED NUMBER: 05105814)

ABRIDGED BALANCE SHEET - continued
31 JULY 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 55,000 55,000
Revaluation reserve 6 38,405 38,405
Retained earnings 43,240 11,936
SHAREHOLDERS' FUNDS 136,645 105,341

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 14 November 2023 and were signed by:





Mrs J A Taylor - Director


GULLIVERS TRAVELS (LONGTON) LTD (REGISTERED NUMBER: 05105814)

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

1. STATUTORY INFORMATION

Gullivers Travels (Longton) 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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover represents the net commissions received on travel agency transactions. Commissions are recognised when the balance of the holiday proceeds are received.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty 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.

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 - 20% on reducing balance and 10% on cost
Computer equipment - 33% on cost

In the opinion of the director the residual value of the property is at least equal to its book value. Having regard to this, it is the opinion of the director that depreciation of the property as required by the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective April 2008) is not necessary.

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.


GULLIVERS TRAVELS (LONGTON) LTD (REGISTERED NUMBER: 05105814)

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

2. ACCOUNTING POLICIES - continued
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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022
and 31 July 2023 25,000
AMORTISATION
At 1 August 2022 22,500
Amortisation for year 1,250
At 31 July 2023 23,750
NET BOOK VALUE

At 31 July 2023 1,250
At 31 July 2022 2,500

GULLIVERS TRAVELS (LONGTON) LTD (REGISTERED NUMBER: 05105814)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 August 2022 104,626
Additions 1,341
At 31 July 2023 105,967
DEPRECIATION
At 1 August 2022 13,468
Charge for year 576
At 31 July 2023 14,044
NET BOOK VALUE
At 31 July 2023 91,923
At 31 July 2022 91,158

Cost or valuation at 31 July 2023 is represented by:

Totals
£   
Valuation in 2005 20,000
Valuation in 2015 18,405
Cost 67,562
105,967

If the freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 51,595 51,595

Freehold property was valued on an open market basis on 31 July 2023 by the director, Mrs J A Taylor .

6. RESERVES
Revaluation
reserve
£   
At 1 August 2022
and 31 July 2023 38,405

GULLIVERS TRAVELS (LONGTON) LTD (REGISTERED NUMBER: 05105814)

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

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J A Taylor.