Registered number
08406680
Bouden Travel Limited
Filleted Accounts
28 February 2023
Bouden Travel Limited
Registered number: 08406680
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 569,260 1,511,799
Current assets
Debtors 4 108,586 132,885
Creditors: amounts falling due within one year 5 (294,303) (276,641)
Net current liabilities (185,717) (143,756)
Total assets less current liabilities 383,543 1,368,043
Creditors: amounts falling due after more than one year 6 (868,521) (2,267,305)
Net liabilities (484,978) (899,262)
Capital and reserves
Called up share capital 100 100
Profit and loss account (485,078) (899,362)
Shareholders' funds (484,978) (899,262)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Adel Bouden
Director
Approved by the board on 23 November 2023
Bouden Travel Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 25% Reducing balance
Fixtures, fittings, tools and equipment 20% Reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 80,000 3,431,860 3,511,860
Additions - 68,101 68,101
Disposals - (1,977,151) (1,977,151)
At 28 February 2023 80,000 1,522,810 1,602,810
Depreciation
At 1 March 2022 16,000 1,984,061 2,000,061
Charge for the year 12,800 137,325 150,125
On disposals - (1,116,636) (1,116,636)
At 28 February 2023 28,800 1,004,750 1,033,550
Net book value
At 28 February 2023 51,200 518,060 569,260
At 28 February 2022 64,000 1,447,799 1,511,799
4 Debtors 2023 2022
£ £
Trade debtors 75,139 117,693
Vat 33,447 15,192
108,586 132,885
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 59,738 39,635
Trade creditors 36,809 15,986
Director loan 26,582 55,032
Taxation and social security costs 140,023 154,384
Net wage 31,151 11,604
294,303 276,641
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 358,087 368,477
Obligations under finance lease and hire purchase contracts 510,434 1,898,828
868,521 2,267,305
7 Other information
Bouden Travel Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 7
Haywards Industrial Park
Orton Way
Birmingham
B35 7BT
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