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REGISTERED NUMBER: 12958447 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

ENERGY TRAVEL LTD.

ENERGY TRAVEL LTD. (REGISTERED NUMBER: 12958447)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENERGY TRAVEL LTD.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A Carati
M P Varley





REGISTERED OFFICE: Derby West Business Centre
Ashbourne Road
Mackworth
Derby
DE22 4NB





REGISTERED NUMBER: 12958447 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

ENERGY TRAVEL LTD. (REGISTERED NUMBER: 12958447)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,568 3,596
Tangible assets 5 1,927 1,705
4,495 5,301

CURRENT ASSETS
Debtors 6 948,372 299,620
Cash at bank 527,328 215,949
1,475,700 515,569
CREDITORS
Amounts falling due within one year 7 56,228 40,437
NET CURRENT ASSETS 1,419,472 475,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,423,967

480,433

ACCRUALS AND DEFERRED INCOME 9 1,422,769 475,757
NET ASSETS 1,198 4,676

CAPITAL AND RESERVES
Called up share capital 10 30,000 30,000
Retained earnings (28,802 ) (25,324 )
SHAREHOLDERS' FUNDS 1,198 4,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

ENERGY TRAVEL LTD. (REGISTERED NUMBER: 12958447)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 July 2024 and were signed on its behalf by:





M P Varley - Director


ENERGY TRAVEL LTD. (REGISTERED NUMBER: 12958447)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Energy 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.

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 represents sales of tours and other services supplied to customers for the period. Sales are recognised as turnover on the date of departure.

Intangible assets
Intangible assets are stated at cost less accumulated amortisation.

Assets are amortised over their estimated economic lives at the following rate:

Website - 20% of cost per annum

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation.

Depreciation is calculated to write off the cost of assets to their estimated residual value by the end of their useful lives at the following rate:

Computer equipment - 20% of cost per annum

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.

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.

ENERGY TRAVEL LTD. (REGISTERED NUMBER: 12958447)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

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.

Sales and direct costs in advance
Receipts and trade debtors relating to bookings departing after the balance sheet date are treated as deferred income in the balance sheet. Payments to suppliers and trade creditors relating to bookings departing after the balance sheet date are treated as prepayments in the balance sheet.

Going concern
The directors have considered the company's likely working capital requirements for the period ending twelve months from the date of approval of these financial statements and concluded that the company should have sufficient funds to enable the business to continue its planned growth. This view is based on the level of bookings already received for future tours, budgeted overhead costs and a continuation of the current economic environment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 5,138
AMORTISATION
At 1 January 2023 1,542
Charge for year 1,028
At 31 December 2023 2,570
NET BOOK VALUE
At 31 December 2023 2,568
At 31 December 2022 3,596

ENERGY TRAVEL LTD. (REGISTERED NUMBER: 12958447)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Plant,
equipment
and
vehicles
£   
COST
At 1 January 2023 2,056
Additions 792
At 31 December 2023 2,848
DEPRECIATION
At 1 January 2023 351
Charge for year 570
At 31 December 2023 921
NET BOOK VALUE
At 31 December 2023 1,927
At 31 December 2022 1,705

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 601,630 158,745
Prepayments 339,938 134,886
941,568 293,631

Amounts falling due after more than one year:
Deferred tax asset 6,804 5,989

Aggregate amounts 948,372 299,620

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans (see note 8) 26,600 26,600
Trade creditors 22,996 7,835
Social security and other taxes 4,507 -
Other creditors 2,125 6,002
56,228 40,437

ENERGY TRAVEL LTD. (REGISTERED NUMBER: 12958447)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Subordinated loans 26,600 26,600

Subordinated loans are not repayable for the period during which the company holds an Air Tours Operating Licence (ATOL) unless prior written consent has been obtained from the Civil Aviation Authority or thereafter until all creditors incurred in the period during which the company held an ATOL have been paid.

9. ACCRUALS AND DEFERRED INCOME
2023 2022
£    £   
Deferred income 1,414,592 471,835
Accrued expenses 8,177 3,922
1,422,769 475,757

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
30,000 Ordinary £1 30,000 30,000