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REGISTERED NUMBER: 03001975 (England and Wales)















ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

A C TRAVEL & LEISURE LTD

A C TRAVEL & LEISURE LTD (REGISTERED NUMBER: 03001975)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


A C TRAVEL & LEISURE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: Mr P A Jansson
Mrs D Jansson





SECRETARY: Mrs D Jansson





REGISTERED OFFICE: 97 Judd Street
London
WC1H 9JG





REGISTERED NUMBER: 03001975 (England and Wales)





ACCOUNTANTS: Alex Johnson Limited
Chartered Certified Accountants
344 - 354 Grays Inn Road
London
WC1X 8BP

A C TRAVEL & LEISURE LTD (REGISTERED NUMBER: 03001975)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31ST JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,023 1,364
Property, plant and equipment 5 6,404 7,437
7,427 8,801

CURRENT ASSETS
Debtors 286,537 63,095
Cash at bank 334,178 245,533
620,715 308,628
CREDITORS
Amounts falling due within one year (527,948 ) (219,312 )
NET CURRENT ASSETS 92,767 89,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,194

98,117

PROVISIONS FOR LIABILITIES (1,044 ) (1,262 )
NET ASSETS 99,150 96,855

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 98,150 95,855
SHAREHOLDERS' FUNDS 99,150 96,855

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 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.

A C TRAVEL & LEISURE LTD (REGISTERED NUMBER: 03001975)

ABRIDGED STATEMENT OF FINANCIAL POSITION - 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31st January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 17th May 2024 and were signed on its behalf by:





Mr P A Jansson - Director


A C TRAVEL & LEISURE LTD (REGISTERED NUMBER: 03001975)

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

1. STATUTORY INFORMATION

A C Travel & Leisure 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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised at the date of the customer departure.

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.

Trademarks are being amortised evenly over their estimated useful life of ten years.

Website is being amortised evenly over its estimated useful life of three years.

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 etc - 30% on reducing balance and 25% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

A C TRAVEL & LEISURE LTD (REGISTERED NUMBER: 03001975)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st February 2023
and 31st January 2024 16,670
AMORTISATION
At 1st February 2023 15,306
Amortisation for year 341
At 31st January 2024 15,647
NET BOOK VALUE

At 31st January 2024 1,023
At 31st January 2023 1,364

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1st February 2023 127,970
Additions 1,713
At 31st January 2024 129,683
DEPRECIATION
At 1st February 2023 120,533
Charge for year 2,746
At 31st January 2024 123,279
NET BOOK VALUE
At 31st January 2024 6,404
At 31st January 2023 7,437

6. RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2023 - £40,000) were paid to the directors .

A C TRAVEL & LEISURE LTD (REGISTERED NUMBER: 03001975)

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

6. RELATED PARTY DISCLOSURES - continued

At the year end £33,523 was owed to (2023: £18,023) A C Hotels (UK) Limited, a company owned and controlled by the directors. The loan is interest free and repayable on demand.

Rent of £22,000 (2023: £19,250) was charged to the company by A C Hotels (UK) Limited.