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REGISTERED NUMBER: 06861532 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

WELHAM TRAVEL LIMITED

WELHAM TRAVEL LIMITED (REGISTERED NUMBER: 06861532)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WELHAM TRAVEL LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTOR: D Collins





REGISTERED OFFICE: Unit 9-12
Peartree Farm
Peartree Lane
Welwyn Garden City
Hertfordshire
AL7 3UW





REGISTERED NUMBER: 06861532 (England and Wales)





ACCOUNTANTS: Lovetts Accountants Limited
Bridge House
25 Fiddlebridge Lane
Hatfield
Hertfordshire
AL10 0SP

WELHAM TRAVEL LIMITED (REGISTERED NUMBER: 06861532)

BALANCE SHEET
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 280,864 374,208
Investments 6 2 2
280,866 374,210

CURRENT ASSETS
Debtors 7 195,910 145,031
Cash at bank and in hand 52,154 95,541
248,064 240,572
CREDITORS
Amounts falling due within one year 8 210,297 215,497
NET CURRENT ASSETS 37,767 25,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

318,633

399,285

CREDITORS
Amounts falling due after more than one
year

9

(237,318

)

(360,063

)

PROVISIONS FOR LIABILITIES (66,744 ) (67,881 )
NET ASSETS/(LIABILITIES) 14,571 (28,659 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 14,570 (28,660 )
SHAREHOLDERS' FUNDS 14,571 (28,659 )

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

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

WELHAM TRAVEL LIMITED (REGISTERED NUMBER: 06861532)

BALANCE SHEET - continued
31 July 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 12 April 2024 and were signed by:





D Collins - Director


WELHAM TRAVEL LIMITED (REGISTERED NUMBER: 06861532)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Welham 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.

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


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
Revenue 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 2010, is being amortised evenly over its estimated useful life of five years.

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.
Plant and machinery - 33% on cost
Motor vehicles - 25% on reducing balance and 15% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

WELHAM TRAVEL LIMITED (REGISTERED NUMBER: 06861532)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 20,000
AMORTISATION
At 1 August 2022
and 31 July 2023 20,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 2,095 1,226,985 1,369 1,230,449
Disposals - (140,911 ) - (140,911 )
At 31 July 2023 2,095 1,086,074 1,369 1,089,538
DEPRECIATION
At 1 August 2022 2,095 852,892 1,254 856,241
Charge for year - 84,845 29 84,874
Eliminated on disposal - (132,441 ) - (132,441 )
At 31 July 2023 2,095 805,296 1,283 808,674
NET BOOK VALUE
At 31 July 2023 - 280,778 86 280,864
At 31 July 2022 - 374,093 115 374,208

WELHAM TRAVEL LIMITED (REGISTERED NUMBER: 06861532)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

5. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 1,026,250
Transfer to ownership (249,750 )
At 31 July 2023 776,500
DEPRECIATION
At 1 August 2022 684,644
Charge for year 75,165
Transfer to ownership 215,369
At 31 July 2023 975,178
NET BOOK VALUE
At 31 July 2023 (198,678 )
At 31 July 2022 341,606

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022
and 31 July 2023 2
NET BOOK VALUE
At 31 July 2023 2
At 31 July 2022 2

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 187,298 125,275
Other debtors 8,612 19,756
195,910 145,031

WELHAM TRAVEL LIMITED (REGISTERED NUMBER: 06861532)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 112,745 137,066
Trade creditors 5,114 7,106
Taxation and social security 17,688 7,772
Other creditors 64,750 53,553
210,297 215,497

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 20,000 30,000
Hire purchase contracts 87,318 200,063
Other creditors 130,000 130,000
237,318 360,063