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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
Page
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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
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Birchgrove Mini Travel Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
175,714 
107,668 
Current assets
Debtors
113,646 
101,646 
Cash at bank and in hand
182,807 
243,461 
296,453 
345,107 
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 
Capital and reserves
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
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Birchgrove Mini Travel Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
Leased assets
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.
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Birchgrove Mini Travel Ltd Notes to the Accounts for the year ended 31 March 2023
Financial instruments
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 
Depreciation
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 
Net book value
At 31 March 2023
174,194 
1,520 
175,714 
At 31 March 2022
105,999 
1,669 
107,668 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
111,646 
99,646 
Other debtors
2,000 
2,000 
113,646 
101,646 
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 
Trade creditors
- 
1,445 
Taxes and social security
53,439 
55,617 
Other creditors
101,695 
52,666 
175,712 
170,295 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
21,507 
31,822 
Obligations under finance leases and hire purchase contracts
- 
37,613 
21,507 
69,435 
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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).
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