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REGISTERED NUMBER: 12521173 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 August 2023

for

SEDDON TRAVEL LIMITED

SEDDON TRAVEL LIMITED (REGISTERED NUMBER: 12521173)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEDDON TRAVEL LIMITED

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Gary James Seddon
Elaine Lesley Seddon





REGISTERED OFFICE: Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE





REGISTERED NUMBER: 12521173 (England and Wales)





ACCOUNTANTS: G & C Professionals Limited
trading as Graham & Company
Chartered Certified Accountants
Cleveland House
1-10 Sitwell Street
KINGSTON UPON HULL
East Yorkshire
HU8 7BE

SEDDON TRAVEL LIMITED (REGISTERED NUMBER: 12521173)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,138 33,264

CURRENT ASSETS
Debtors 5 6,484 8,710
Cash at bank 5,348 257
11,832 8,967
CREDITORS
Amounts falling due within one year 6 46,434 25,348
NET CURRENT LIABILITIES (34,602 ) (16,381 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,536

16,883

CREDITORS
Amounts falling due after more than one
year

7

25,391

-
NET ASSETS 20,145 16,883

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 20,045 16,783
SHAREHOLDERS' FUNDS 20,145 16,883

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

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

SEDDON TRAVEL LIMITED (REGISTERED NUMBER: 12521173)

Balance Sheet - continued
31 August 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 20 February 2024 and were signed on its behalf by:





Gary James Seddon - Director


SEDDON TRAVEL LIMITED (REGISTERED NUMBER: 12521173)

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

1. STATUTORY INFORMATION

SEDDON 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 represents net invoiced sales of goods and services, excluding value added tax.

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.
Motor vehicles - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

SEDDON TRAVEL LIMITED (REGISTERED NUMBER: 12521173)

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2022 48,502 - 48,502
Additions 65,462 500 65,962
At 31 August 2023 113,964 500 114,464
DEPRECIATION
At 1 September 2022 15,238 - 15,238
Charge for year 19,015 73 19,088
At 31 August 2023 34,253 73 34,326
NET BOOK VALUE
At 31 August 2023 79,711 427 80,138
At 31 August 2022 33,264 - 33,264

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 36,404
At 31 August 2023 36,404
DEPRECIATION
Charge for year 2,654
At 31 August 2023 2,654
NET BOOK VALUE
At 31 August 2023 33,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 1,125 4,267
Prepayments 5,359 4,443
6,484 8,710

SEDDON TRAVEL LIMITED (REGISTERED NUMBER: 12521173)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans (see note 8) 3,000 -
Hire purchase contracts 3,910 -
Trade creditors 2,379 3,158
Corporation tax 12,979 2,721
Directors' loan accounts 22,411 18,424
Accrued expenses 1,755 1,045
46,434 25,348

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans (see note 8) 5,250 -
Hire purchase contracts 20,141 -
25,391 -

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Other loans - less than 1 yr 3,000 -

Amounts falling due between one and two years:
Other loans - 1-2 years 5,250 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 September 2022 16,783
Profit for the year 33,262
Dividends (30,000 )
At 31 August 2023 20,045