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REGISTERED NUMBER: 02734289 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30th June 2023

for

Anderson Tours Limited

Anderson Tours Limited (Registered number: 02734289)






Contents of the Financial Statements
for the Year Ended 30th June 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Anderson Tours Limited (Registered number: 02734289)

Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,108 9,015

CURRENT ASSETS
Debtors 6 1,023,125 632,936
Cash at bank and in hand 23,966 38,560
1,047,091 671,496
CREDITORS
Amounts falling due within one year 7 668,876 385,696
NET CURRENT ASSETS 378,215 285,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,323

294,815

CREDITORS
Amounts falling due after more than one
year

8

343,437

443,116
NET ASSETS/(LIABILITIES) 40,886 (148,301 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,786 (148,401 )
SHAREHOLDERS' FUNDS 40,886 (148,301 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Anderson Tours Limited (Registered number: 02734289)

Balance Sheet - continued
30th June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th April 2024 and were signed by:





Mr M S Anderson - Director


Anderson Tours Limited (Registered number: 02734289)

Notes to the Financial Statements
for the Year Ended 30th June 2023

1. STATUTORY INFORMATION

Anderson Tours Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02734289

Registered office: 9 Carlton Road
New Malden
Surrey
KT3 3AJ

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition
Revenue from the sale of coach tours and day trips is recognised at the point at which those services have been provided to the customer. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 10 years
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost and 20% on reducing balance

Anderson Tours Limited (Registered number: 02734289)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

3. ACCOUNTING POLICIES - continued

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

Anderson Tours Limited (Registered number: 02734289)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st July 2022
and 30th June 2023 2,704 11,231 45,245 59,180
DEPRECIATION
At 1st July 2022 2,704 11,159 36,302 50,165
Charge for year - 72 2,835 2,907
At 30th June 2023 2,704 11,231 39,137 53,072
NET BOOK VALUE
At 30th June 2023 - - 6,108 6,108
At 30th June 2022 - 72 8,943 9,015

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 393,348 140,495
Other debtors - 1,641
Prepayments 46,494 44,077
439,842 186,213

Amounts falling due after more than one year:
Trade debtors 471,443 334,883
Amounts owed by group undertakings 111,840 111,840
583,283 446,723

Aggregate amounts 1,023,125 632,936

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,376 6,266
Trade creditors 472,544 291,799
Social security and other taxes 7,455 21,247
VAT 32,882 48,639
Advance sales receipt and
other deposits held 1,763 849
Accruals and deferred income 141,856 16,896
668,876 385,696

Anderson Tours Limited (Registered number: 02734289)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 21,413 12,338
Bank loans - 2-5 years - 26,436
Trade creditors 322,024 404,342
343,437 443,116

Included within the figure: 'Creditors due after more than one year' on the Balance Sheet are the above stated value of creditors owed in more than five years.

9. RELATED PARTY DISCLOSURES

The amount of £471,443(2022: £334,883) included within trade debtors due after more than one year relates to amount due from London Mini Coaches Limited. The director, Mr M S Anderson is also a director of London Mini Coaches Limited.

The amount of £111,840 (2022: £111,840) included within debtors due after more than one year relates to amount due from Anderson Travel Limited. The director, Mr M S Anderson is also a director of Anderson Travel Limited.

The amount of £322,023 (2022: £404,342) included within trade creditors due after more than one year relates to amount due to Anderson Travel Limited. The director, Mr M S Anderson is also a director of Anderson Travel Limited.

10. ULTIMATE CONTROLLING PARTY

During the year, the company was under the control of the parent company, Anderson Tours Holdings Limited.

11. CHARGE OVER ASSETS

There are fixed and floating charges over the undertaking and all property and assets, present and future, including goodwill, bookdebts, uncalled capital, buildings, fixtures and fixed plant and machinery.

12. GOING CONCERN

Management have assessed the company's ability to continue as a going concern. Assurance has been sought from the director that they will continue to support the company and they have agreed not to demand repayment of the loan until the situation is resolved. Therefore, the company remains a going concern.