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REGISTERED NUMBER: 01158965 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

LEHANE TRAVEL LIMITED

LEHANE TRAVEL LIMITED (REGISTERED NUMBER: 01158965)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEHANE TRAVEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: T Lehane





REGISTERED OFFICE:
Bredlands Lane
Sturry
Canterbury
Kent
CT2 0HD





REGISTERED NUMBER: 01158965 (England and Wales)





ACCOUNTANTS: Spain Brothers & Co
Chartered Accountants
Westgate House
87 St Dunstans Street
Canterbury
Kent
CT2 8AE

LEHANE TRAVEL LIMITED (REGISTERED NUMBER: 01158965)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 398,843 500,923

CURRENT ASSETS
Stocks 5 9,704 2,000
Debtors 6 62,177 89,957
Cash at bank and in hand 15,697 59,778
87,578 151,735
CREDITORS
Amounts falling due within one year 7 223,965 263,065
NET CURRENT LIABILITIES (136,387 ) (111,330 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,456

389,593

CREDITORS
Amounts falling due after more than one
year

8

-

(75,730

)

PROVISIONS FOR LIABILITIES (86,891 ) (83,912 )
NET ASSETS 175,565 229,951

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 175,465 229,851
SHAREHOLDERS' FUNDS 10 175,565 229,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

LEHANE TRAVEL LIMITED (REGISTERED NUMBER: 01158965)

BALANCE SHEET - continued
31ST JANUARY 2024


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 7th August 2024 and were signed by:





T Lehane - Director


LEHANE TRAVEL LIMITED (REGISTERED NUMBER: 01158965)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024


1. STATUTORY INFORMATION

Lehane 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 (£).


The company's functional currency is the Pound Sterling (£).

The principal activity of the Company is coach hire.

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 in relation to services is recognised to the extent services have been provided.

Government Grants
Government grants have been received by the company in the year. Grant income is not recognised until there is reasonable assurance that the entity will adhere to the conditions which are attached to the grant. There must also be reasonable assurance that the grant will be received by the entity in order to recognise the grant in the financial statements,

The accounting policy for recognising grant income adopted by the company is the accrual model:-

Revenue-based grant
Grant monies receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the company with no future related costs have been recognised in the period in which they are received or become receivable.

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.
Freehold property - 10% on reducing balance
Plant and machinery - 25% on cost and 20% on reducing balance
Motor vehicles - 10% on reducing balance
Computer equipment - 33 1/3% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

LEHANE TRAVEL LIMITED (REGISTERED NUMBER: 01158965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 14 ) .

LEHANE TRAVEL LIMITED (REGISTERED NUMBER: 01158965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st February 2023 53,667 88,767 1,324,903 4,051 1,471,388
Additions - 177 - 145 322
Disposals - - (220,686 ) - (220,686 )
At 31st January 2024 53,667 88,944 1,104,217 4,196 1,251,024
DEPRECIATION
At 1st February 2023 35,588 85,588 845,238 4,051 970,465
Charge for year 583 712 42,066 48 43,409
Eliminated on disposal - - (161,693 ) - (161,693 )
At 31st January 2024 36,171 86,300 725,611 4,099 852,181
NET BOOK VALUE
At 31st January 2024 17,496 2,644 378,606 97 398,843
At 31st January 2023 18,079 3,179 479,665 - 500,923

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1st February 2023 860,000
Disposals (75,000 )
At 31st January 2024 785,000
DEPRECIATION
At 1st February 2023 505,088
Charge for year 33,005
Eliminated on disposal (50,157 )
At 31st January 2024 487,936
NET BOOK VALUE
At 31st January 2024 297,064
At 31st January 2023 354,912

5. STOCKS
2024 2023
£    £   
Stock on hand - Fuel 7,704 -
Stock on hand - Parts 2,000 2,000
9,704 2,000

LEHANE TRAVEL LIMITED (REGISTERED NUMBER: 01158965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,237 72,038
Other debtors 2,202 -
VAT 4,366 2,493
Prepayments and accrued income 4,372 15,426
62,177 89,957

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 75,730 112,461
Trade creditors 41,306 18,889
Tax 60,832 52,076
Social security and other taxes 2,733 7,294
Company creditcard 651 891
Directors' current accounts 1,532 4,168
Accrued expenses & deferred
income 41,181 67,286
223,965 263,065

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years - 75,730

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 75,730 188,191

The above includes a Coronavirus Business Interruption Loan operated by Close Brothers. This is secured by way of a Finance Agreement over Scania, MAN Beulas Cygnus & Volvo coaches as listed in the fixed asset register and identified as held under Hire Purchase and partially guaranteed by the government.

LEHANE TRAVEL LIMITED (REGISTERED NUMBER: 01158965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024


10. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2024 2023
£    £   
Profit for the financial year 15,742 108,211
Dividends (70,128 ) (66,279 )
Net (reduction)/addition to shareholders' funds (54,386 ) 41,932
Opening shareholders' funds 229,951 188,019
Closing shareholders' funds 175,565 229,951

11. GOING CONCERN

The Financial Statements have been prepared on a going concern basis. This basis may not be appropriate because the Company is showing net current liabilities of £136,837 (2023 £111,330) as at 31st January 2024. The Company therefore relies upon the continued support of its bankers and lenders..
The Directors are satisfied this continued support will be forthcoming.