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REGISTERED NUMBER: 02562388 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 October 2023

for

ELLEN SMITH (TOURS) LIMITED

ELLEN SMITH (TOURS) LIMITED (REGISTERED NUMBER: 02562388)






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


ELLEN SMITH (TOURS) LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTORS: P Targett
Mrs S Targett





REGISTERED OFFICE: Globe House
Moss Bridge Road
Rochdale
Lancashire
OL16 5EB





REGISTERED NUMBER: 02562388 (England and Wales)





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

ELLEN SMITH (TOURS) LIMITED (REGISTERED NUMBER: 02562388)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 69,991 86,967
69,991 86,967

CURRENT ASSETS
Debtors 6 357,667 299,192
Cash at bank 677,444 530,914
1,035,111 830,106
CREDITORS
Amounts falling due within one year 7 485,873 311,245
NET CURRENT ASSETS 549,238 518,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

619,229

605,828

CREDITORS
Amounts falling due after more than one
year

8

(35,874

)

(68,329

)

PROVISIONS FOR LIABILITIES (17,498 ) (16,524 )
NET ASSETS 565,857 520,975

CAPITAL AND RESERVES
Called up share capital 300,000 300,000
Retained earnings 265,857 220,975
SHAREHOLDERS' FUNDS 565,857 520,975

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 directors acknowledge their 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.

ELLEN SMITH (TOURS) LIMITED (REGISTERED NUMBER: 02562388)

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 Board of Directors and authorised for issue on 4 April 2024 and were signed on its behalf by:





P Targett - Director


ELLEN SMITH (TOURS) LIMITED (REGISTERED NUMBER: 02562388)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Ellen Smith (Tours) 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 represents net sales of holidays, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Buildings - 4% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

ELLEN SMITH (TOURS) LIMITED (REGISTERED NUMBER: 02562388)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

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 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 50,000
AMORTISATION
At 1 November 2022
and 31 October 2023 50,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Buildings machinery fittings Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 7,500 193,482 89,935 290,917
DEPRECIATION
At 1 November 2022 7,500 114,866 81,584 203,950
Charge for year - 15,723 1,253 16,976
At 31 October 2023 7,500 130,589 82,837 220,926
NET BOOK VALUE
At 31 October 2023 - 62,893 7,098 69,991
At 31 October 2022 - 78,616 8,351 86,967

ELLEN SMITH (TOURS) LIMITED (REGISTERED NUMBER: 02562388)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 November 2022
and 31 October 2023 193,482
DEPRECIATION
At 1 November 2022 114,866
Charge for year 15,723
At 31 October 2023 130,589
NET BOOK VALUE
At 31 October 2023 62,893
At 31 October 2022 78,616

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 357,667 299,192

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security 32,180 21,356
Other creditors 453,693 289,889
485,873 311,245

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 16,759 29,009
Other creditors 19,115 39,320
35,874 68,329

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans - 40,092

The bank loan in the parent company, Ellen Smith Ltd, and overdraft in this company, are secured by an unlimited intercompany guarantee and mortgage debentures over the company's assets.

ELLEN SMITH (TOURS) LIMITED (REGISTERED NUMBER: 02562388)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

10. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £176,503 (2022 - £ 176,503) from Ellen Smith Ltd, the parent company.

11. ULTIMATE CONTROLLING PARTY

The ultimate control of the company lies with that of the director of the company, Mr P Targett.