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REGISTERED NUMBER: 08235837 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2023

FOR

HOMEWARD BOUND TRAVEL LIMITED

HOMEWARD BOUND TRAVEL LIMITED (REGISTERED NUMBER: 08235837)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOMEWARD BOUND TRAVEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mrs L Morgan





SECRETARY: BH21 Ltd





REGISTERED OFFICE: Forest Links Road
Ferndown
Dorset
BH22 9PH





REGISTERED NUMBER: 08235837 (England and Wales)





ACCOUNTANTS: Elson Geaves Accountants
Chartered Certified Accountants
Forest Links Road
Ferndown
Dorset
BH22 9PH

HOMEWARD BOUND TRAVEL LIMITED (REGISTERED NUMBER: 08235837)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 308,104 257,425
308,104 257,425

CURRENT ASSETS
Debtors 6 58,091 66,519
Prepayments and accrued income 2,649 3,273
Cash at bank 176,290 192,241
237,030 262,033
CREDITORS
Amounts falling due within one year 7 178,528 166,450
NET CURRENT ASSETS 58,502 95,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

366,606

353,008

CREDITORS
Amounts falling due after more than one
year

8

20,811

39,101
NET ASSETS 345,795 313,907

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 345,793 313,905
345,795 313,907

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

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

HOMEWARD BOUND TRAVEL LIMITED (REGISTERED NUMBER: 08235837)

BALANCE SHEET - continued
31 OCTOBER 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 director and authorised for issue on 14 March 2024 and were signed by:





Mrs L Morgan - Director


HOMEWARD BOUND TRAVEL LIMITED (REGISTERED NUMBER: 08235837)

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

1. STATUTORY INFORMATION

Homeward Bound Travel 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery etc - 20% on reducing balance

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.

HOMEWARD BOUND TRAVEL LIMITED (REGISTERED NUMBER: 08235837)

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

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 10,000
AMORTISATION
At 1 November 2022
and 31 October 2023 10,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

HOMEWARD BOUND TRAVEL LIMITED (REGISTERED NUMBER: 08235837)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 47,000 357,156 404,156
Additions - 136,579 136,579
Disposals - (78,670 ) (78,670 )
At 31 October 2023 47,000 415,065 462,065
DEPRECIATION
At 1 November 2022 - 146,731 146,731
Charge for year - 65,277 65,277
Eliminated on disposal - (58,047 ) (58,047 )
At 31 October 2023 - 153,961 153,961
NET BOOK VALUE
At 31 October 2023 47,000 261,104 308,104
At 31 October 2022 47,000 210,425 257,425

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 26,926 42,571
Other debtors 31,165 23,948
58,091 66,519

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,878 35,833
Trade creditors 150,500 139,135
Taxation and social security 976 (13,695 )
Other creditors 1,174 5,177
178,528 166,450

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 20,811 39,101