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Registered number: 04473325

The Holiday & Flight Centre Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023

Prepared By:
Victor Stewart
The White House
164 Bridge Road
Sarisbury Green, Southampton
Hampshire
SO31 7EH

The Holiday & Flight Centre Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
DIRECTORS
Roseann Ratter
James Ratter
REGISTERED OFFICE
The White House
164 Bridge Road
Southampton
Hampshire
SO31 7EH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04473325
ACCOUNTANTS
Victor Stewart
The White House
164 Bridge Road
Sarisbury Green, Southampton
Hampshire
SO31 7EH

The Holiday & Flight Centre Limited

ACCOUNTS
FOR THEYEARENDED31/10/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

The Holiday & Flight Centre Limited

BALANCE SHEET AT 31/10/2023
20232022
Notes££
FIXED ASSETS
Intangible assets26,5797,676
Tangible assets325,69930,104
32,27837,780
CURRENT ASSETS
Stock25,050-
Debtors51,964,6441,589,510
1,989,6941,589,510
CREDITORS: Amounts falling due within one year61,394,1041,031,350
NET CURRENT ASSETS595,590558,160
TOTAL ASSETS LESS CURRENT LIABILITIES627,868595,940
CREDITORS: Amounts falling due after more than one year747,50077,500
NET ASSETS580,368518,440
CAPITAL AND RESERVES
Called up share capital9100,003100,003
Profit and loss account480,365418,437
SHAREHOLDERS' FUNDS580,368518,440
For the year ending 31/10/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 06/02/2024 and signed on their behalf by
.............................
Roseann Ratter
Director

The Holiday & Flight Centre Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 25%
Commercial Vehicles 25%
Fixtures and Fittings 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

The Holiday & Flight Centre Limited

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/11/202210,96710,967
At 31/10/202310,96710,967
Depreciation
At 01/11/20223,2913,291
For the year1,0971,097
At 31/10/20234,3884,388
Net Book Amounts
At 31/10/20236,5796,579
At 31/10/20227,6767,676
3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsTotal
££££
Cost
At 01/11/202269,9022,79954,108126,809
At 31/10/202369,9022,79954,108126,809
Depreciation
At 01/11/202240,9242,58853,19396,705
For the year4,124532284,405
At 31/10/202345,0482,64153,421101,110
Net Book Amounts
At 31/10/202324,85415868725,699
At 31/10/202228,97821191530,104
4. STOCK 20232022
££
Stock comprises:
Stock25,050-
25,050-

The Holiday & Flight Centre Limited

5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors1,962,3041,587,641
Prepayments2,3401,869
1,964,6441,589,510
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Corporation tax51,42720,951
VAT11,72110,500
PAYE6,0214,213
Directors current account229,100162,447
Bank loans and overdrafts167,773118,691
Bank Loan30,00030,000
Finance leases-8,662
Trade creditors746,753574,805
Other creditors150,000100,000
Accruals1,3091,081
1,394,1041,031,350
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr47,50077,500
47,50077,500
8. EMPLOYEES
20232022
No.No.
Average number of employees1010

The Holiday & Flight Centre Limited

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100000 Ordinary shares of £1 each100000100000
1 Non voting A shares of £1 each11
1 Non voting B shares of £1 each11
1 Non voting C shares of £1 each11
100,003100,003