Company Registration No. 08460493 (England and Wales)
Birchgrove Mini Travel Ltd
Unaudited accounts
for the year ended 31 March 2023
Birchgrove Mini Travel Ltd
Unaudited accounts
Contents
Birchgrove Mini Travel Ltd
Company Information
for the year ended 31 March 2023
Directors
David Jones
Beverley Jones
Jordan Jones
Company Number
08460493 (England and Wales)
Registered Office
344a Birchgrove Road
Birchgrove
Swansea
West Glamorgan
SA7 9NA
Wales
Birchgrove Mini Travel Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
175,714
107,668
Cash at bank and in hand
182,807
243,461
Creditors: amounts falling due within one year
(175,712)
(170,295)
Net current assets
120,741
174,812
Total assets less current liabilities
296,455
282,480
Creditors: amounts falling due after more than one year
(21,507)
(69,435)
Net assets
274,948
213,045
Called up share capital
40
40
Profit and loss account
274,908
213,005
Shareholders' funds
274,948
213,045
For the year ending 31 March 2023 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 10 December 2023 and were signed on its behalf by
David Jones
Director
Company Registration No. 08460493
Birchgrove Mini Travel Ltd
Notes to the Accounts
for the year ended 31 March 2023
Birchgrove Mini Travel Ltd is a private company, limited by shares, registered in England and Wales, registration number 08460493. The registered office is 344a Birchgrove Road, Birchgrove, Swansea, West Glamorgan, SA7 9NA, Wales.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Fixtures & fittings
15% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Birchgrove Mini Travel Ltd
Notes to the Accounts
for the year ended 31 March 2023
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2022
312,029
3,771
315,800
Additions
140,816
220
141,036
Disposals
(35,830)
-
(35,830)
At 31 March 2023
417,015
3,991
421,006
At 1 April 2022
206,030
2,102
208,132
Charge for the year
50,227
369
50,596
On disposals
(13,436)
-
(13,436)
At 31 March 2023
242,821
2,471
245,292
At 31 March 2023
174,194
1,520
175,714
At 31 March 2022
105,999
1,669
107,668
Amounts falling due within one year
Trade debtors
111,646
99,646
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,285
10,285
Obligations under finance leases and hire purchase contracts
10,293
50,282
Taxes and social security
53,439
55,617
Other creditors
101,695
52,666
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
37,613
Birchgrove Mini Travel Ltd
Notes to the Accounts
for the year ended 31 March 2023
8
Transactions with related parties
During the year, the directors charged the company rent of £12,000 (2022 - £12,000).
Included within other creditors is an amount of £7,862 which is owed to the directors (2022 - £8,750). The loan is on an interest-free and unsecured basis and is repayable on demand.
9
Average number of employees
During the year the average number of employees was 38 (2022: 39).