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REGISTERED NUMBER: 05217578 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

CAIRNGORM COACH TRAVEL LIMITED

CAIRNGORM COACH TRAVEL LIMITED (REGISTERED NUMBER: 05217578)

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


CAIRNGORM COACH TRAVEL LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: P Southcott
Mrs D M Southcott





REGISTERED OFFICE: Unit H Opus 36
New Potter Grange Road
Goole
DN14 6BZ





REGISTERED NUMBER: 05217578 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

CAIRNGORM COACH TRAVEL LIMITED (REGISTERED NUMBER: 05217578)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 685,990 464,870

CURRENT ASSETS
Debtors 5 1,091,128 1,562,452
Cash at bank and in hand 11,131 369
1,102,259 1,562,821
CREDITORS
Amounts falling due within one year 6 1,135,759 1,644,064
NET CURRENT LIABILITIES (33,500 ) (81,243 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

652,490

383,627

CREDITORS
Amounts falling due after more than one year 7 (263,054 ) (118,567 )

PROVISIONS FOR LIABILITIES (138,736 ) (103,934 )
NET ASSETS 250,700 161,126

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 250,699 161,125
SHAREHOLDERS' FUNDS 250,700 161,126

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.

CAIRNGORM COACH TRAVEL LIMITED (REGISTERED NUMBER: 05217578)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





P Southcott - Director


CAIRNGORM COACH TRAVEL LIMITED (REGISTERED NUMBER: 05217578)

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


1. STATUTORY INFORMATION

Cairngorm Coach Travel Limited is a private company, limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Unit H, Opus 36, New Potter Grange Road, Goole, DN14 6BZ.

The company's principal activity during the year continued to be the provision of coach travel.

The presentational currency of the financial statements is 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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts. Turnover is recognised at point of sale.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

All sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Equipment - 25% on a reducing balance basis
Motor vehicles - 10% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.


CAIRNGORM COACH TRAVEL LIMITED (REGISTERED NUMBER: 05217578)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership of the leased asset to the group. All other leases are classified as operating leases.

Pension costs and other post-retirement benefits
Contributions to defined contribution plans are recognised in the period to which they relate.

Accounting period
The company's accounting reference period date is 31 October. Financial statements are made up for a 52 or 53 week period ending on a Saturday adjacent to 31 October in each year. The financial statements are for a 53 week period ending 28 October 2023. The comparative figures are for a 52 week period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

CAIRNGORM COACH TRAVEL LIMITED (REGISTERED NUMBER: 05217578)

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


4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 November 2022 107,891 1,232,900 1,340,791
Additions - 267,000 267,000
Disposals - (425,000 ) (425,000 )
At 31 October 2023 107,891 1,074,900 1,182,791
DEPRECIATION
At 1 November 2022 92,382 783,539 875,921
Charge for year 3,876 42,004 45,880
Eliminated on disposal - (425,000 ) (425,000 )
At 31 October 2023 96,258 400,543 496,801
NET BOOK VALUE
At 31 October 2023 11,633 674,357 685,990
At 31 October 2022 15,509 449,361 464,870

Fixed assets held under hire purchase contracts are included above. These cost £527,650. Closing net book value of assets under hire purchase is £457,373. Depreciation charge in the current year is £15,975.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 1,013,012 1,519,518
Other debtors 500 300
VAT 63,587 25,082
Prepayments 14,029 17,552
1,091,128 1,562,452

CAIRNGORM COACH TRAVEL LIMITED (REGISTERED NUMBER: 05217578)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,833 20,420
Hire purchase contracts 168,038 61,212
Trade creditors 21,933 89,006
Amounts owed to group undertakings 935,224 1,431,975
Tax - 36,113
Social security and other taxes 1,430 1,761
Pension 234 217
Accrued expenses 3,067 3,360
1,135,759 1,644,064

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 19,895 29,445
Hire purchase contracts 233,159 79,122
263,054 118,567

8. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is Cairngorm Ski Services Limited, which is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principle place of business at Unit H Opus 36, New Potter Grange Road, Goole, DN14 6BZ .

Cairngorm Ski Services Limited has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.