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REGISTERED NUMBER: 12177792 (England and Wales)















NGS TRAVEL LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023






NGS TRAVEL LIMITED (REGISTERED NUMBER: 12177792)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NGS TRAVEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTOR: N Slack





REGISTERED OFFICE: 43 Ellers Lane
Auckley
Doncaster
South Yorkshire
DN9 3HY





REGISTERED NUMBER: 12177792 (England and Wales)





ACCOUNTANTS: W H Prior
Chartered Certified Accountants
Railway Court
Off Ten Pound Walk
Doncaster
South Yorkshire
DN4 5FB

NGS TRAVEL LIMITED (REGISTERED NUMBER: 12177792)

BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 216,294 220,966

CURRENT ASSETS
Debtors 5 41,851 38,766
Investments 6 3,000 3,000
Cash at bank 21,060 18,413
65,911 60,179
CREDITORS
Amounts falling due within one year 7 60,117 42,865
NET CURRENT ASSETS 5,794 17,314
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,088

238,280

CREDITORS
Amounts falling due after more than one
year

8

(107,590

)

(145,973

)

PROVISIONS FOR LIABILITIES (54,074 ) (55,242 )
NET ASSETS 60,424 37,065

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 60,423 37,064
60,424 37,065

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 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.

NGS TRAVEL LIMITED (REGISTERED NUMBER: 12177792)

BALANCE SHEET - continued
31ST AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th August 2024 and were signed by:





N Slack - Director


NGS TRAVEL LIMITED (REGISTERED NUMBER: 12177792)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023


1. STATUTORY INFORMATION

NGS 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.

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.

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.
Plant and machinery - 20% on reducing balance and 15% on reducing balance
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost and 20% 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 21 ) .

NGS TRAVEL LIMITED (REGISTERED NUMBER: 12177792)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2022 302,705
Additions 49,105
Disposals (13,200 )
At 31st August 2023 338,610
DEPRECIATION
At 1st September 2022 81,739
Charge for year 43,217
Eliminated on disposal (2,640 )
At 31st August 2023 122,316
NET BOOK VALUE
At 31st August 2023 216,294
At 31st August 2022 220,966

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st September 2022
and 31st August 2023 164,500
DEPRECIATION
At 1st September 2022 24,675
Charge for year 20,974
At 31st August 2023 45,649
NET BOOK VALUE
At 31st August 2023 118,851
At 31st August 2022 139,825

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,077 25,525
Other debtors 3,774 13,241
41,851 38,766

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 3,000 3,000

NGS TRAVEL LIMITED (REGISTERED NUMBER: 12177792)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,463 5,463
Hire purchase contracts 32,302 32,248
Trade creditors 1,880 -
Taxation and social security 4,242 3,285
Other creditors 16,230 1,869
60,117 42,865

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 31,962 37,500
Hire purchase contracts 75,628 108,473
107,590 145,973

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 107,930 140,721

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2023 and 31st August 2022:

2023 2022
£    £   
N Slack
Balance outstanding at start of year 7,130 (35,127 )
Amounts advanced 68,720 73,067
Amounts repaid (72,076 ) (30,810 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,774 7,130

During the year the director received loans from the company. These loans are provided free of interest and are repayable on demand.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 were paid to the director .