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REGISTERED NUMBER: 09861914 (England and Wales)















JAMES EXECUTIVE TRAVEL LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






JAMES EXECUTIVE TRAVEL LTD (REGISTERED NUMBER: 09861914)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JAMES EXECUTIVE TRAVEL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: R A Giles





REGISTERED OFFICE: 252
Pontygwindy Road
Caerphilly
Caerffili
CF83 3HY





REGISTERED NUMBER: 09861914 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

JAMES EXECUTIVE TRAVEL LTD (REGISTERED NUMBER: 09861914)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,680 5,850
Tangible assets 5 106,234 105,255
110,914 111,105

CURRENT ASSETS
Debtors 6 145,313 163,579
Cash at bank and in hand 236,322 153,625
381,635 317,204
CREDITORS
Amounts falling due within one year 7 219,168 243,347
NET CURRENT ASSETS 162,467 73,857
TOTAL ASSETS LESS CURRENT LIABILITIES 273,381 184,962

CREDITORS
Amounts falling due after more than one year 8 70,000 33,427
NET ASSETS 203,381 151,535

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 203,379 151,533
SHAREHOLDERS' FUNDS 203,381 151,535

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

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

JAMES EXECUTIVE TRAVEL LTD (REGISTERED NUMBER: 09861914)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th August 2024 and were signed by:





R A Giles - Director


JAMES EXECUTIVE TRAVEL LTD (REGISTERED NUMBER: 09861914)

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


1. STATUTORY INFORMATION

James Executive Travel Ltd 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is amortised on a straight line basis over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% straight line on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% straight line on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 29 ) .

JAMES EXECUTIVE TRAVEL LTD (REGISTERED NUMBER: 09861914)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 11,700
AMORTISATION
At 1st April 2023 5,850
Amortisation for year 1,170
At 31st March 2024 7,020
NET BOOK VALUE
At 31st March 2024 4,680
At 31st March 2023 5,850

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 15,000 175,941 437 191,378
Additions - 37,750 - 37,750
At 31st March 2024 15,000 213,691 437 229,128
DEPRECIATION
At 1st April 2023 3,750 82,045 328 86,123
Charge for year 3,750 32,912 109 36,771
At 31st March 2024 7,500 114,957 437 122,894
NET BOOK VALUE
At 31st March 2024 7,500 98,734 - 106,234
At 31st March 2023 11,250 93,896 109 105,255

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 115,702 124,943
Other debtors 29,611 38,636
145,313 163,579

JAMES EXECUTIVE TRAVEL LTD (REGISTERED NUMBER: 09861914)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,427 5,949
Trade creditors 46,060 50,132
Taxation and social security 14,998 10,795
Other creditors 149,683 176,471
219,168 243,347

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 8,427
Other creditors 70,000 25,000
70,000 33,427

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2