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REGISTERED NUMBER: 03459625 (England and Wales)














Financial Statements

for the Year Ended 30 April 2024

for

Leons Travel Limited

Leons Travel Limited (Registered number: 03459625)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Leons Travel Limited (Registered number: 03459625)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,321 6,081

CURRENT ASSETS
Debtors 5 1,680,335 1,659,693
Cash at bank and in hand 1,641,556 1,573,344
3,321,891 3,233,037
CREDITORS
Amounts falling due within one year 6 1,639,560 1,651,276
NET CURRENT ASSETS 1,682,331 1,581,761
TOTAL ASSETS LESS CURRENT LIABILITIES 1,687,652 1,587,842

PROVISIONS FOR LIABILITIES 1,330 1,520
NET ASSETS 1,686,322 1,586,322

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 1,586,322 1,486,322
SHAREHOLDERS' FUNDS 1,686,322 1,586,322

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 23 July 2024 and were signed on its behalf by:





Mr J D M Boden - Director


Leons Travel Limited (Registered number: 03459625)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Leons Travel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03459625

Registered office: Paton Drive
Tollgate Park
Beaconside
Stafford
Staffordshire
ST16 3EF

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.

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 have been consistently applied within these accounts.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the financial statements have been prepared on a going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents income from holidays departing in the year, excluding value added tax.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their expected useful lives on the following basis:

Fixtures and fittings - 12.5% on reducing balance

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.


Leons Travel Limited (Registered number: 03459625)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 10,871
DEPRECIATION
At 1 May 2023 4,790
Charge for year 760
At 30 April 2024 5,550
NET BOOK VALUE
At 30 April 2024 5,321
At 30 April 2023 6,081

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,766 2,806
Other debtors 1,677,569 1,656,887
1,680,335 1,659,693

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 853,770 700,372
Amounts owed to group undertakings 651,001 902,330
Taxation and social security 123,049 43,799
Other creditors 11,740 4,775
1,639,560 1,651,276

Leons Travel Limited (Registered number: 03459625)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Bostock BA BFP FCA (Senior Statutory Auditor)
for and on behalf of Thompson Wright Limited

8. CONTINGENT LIABILITIES

An amount of £260,000 was paid to Advantage Financial Services with regards to a travel bond for BCH-ABTOT.

9. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

In common with many other businesses of our size and nature we use our auditors to provide tax advice and to represent us, as necessary, at tax tribunals.

10. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Leons Travel Group Limited, a company registered in England and Wales, company number 07306535.

Copies of the consolidated financial statements of the group, in which Leons Travel Limited is a subsidiary, are available from its registered office: Paton Drive, Tollgate Park, Stafford, ST16 3EF.