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REGISTERED NUMBER: 02412253















Financial Statements for the Year Ended 31 March 2024

for

Stockton Travel Limited

Stockton Travel Limited (Registered number: 02412253)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stockton Travel Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M Asghar
Mr M M Ditta





REGISTERED OFFICE: 168 Westgate
Bradford
West Yorkshire
BD1 2RN





REGISTERED NUMBER: 02412253





ACCOUNTANTS: Abraham Accountants
Sher House
46 Houghton Place
Bradford
West Yorkshire
BD1 3RG

Stockton Travel Limited (Registered number: 02412253)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 237,688 238,005

CURRENT ASSETS
Debtors 5 5,313 3,020
Cash at bank and in hand 126,175 139,246
131,488 142,266
CREDITORS
Amounts falling due within one year 6 6,850 3,251
NET CURRENT ASSETS 124,638 139,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,326

377,020

PROVISIONS FOR LIABILITIES 183 244
NET ASSETS 362,143 376,776

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 332,143 346,776
SHAREHOLDERS' FUNDS 362,143 376,776

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

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

Stockton Travel Limited (Registered number: 02412253)

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

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





Mr M Asghar - Director


Stockton Travel Limited (Registered number: 02412253)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Stockton Travel Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery etc - 25% on reducing balance

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.

Stockton Travel Limited (Registered number: 02412253)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 236,736 14,573 251,309
DEPRECIATION
At 1 April 2023 - 13,304 13,304
Charge for year - 317 317
At 31 March 2024 - 13,621 13,621
NET BOOK VALUE
At 31 March 2024 236,736 952 237,688
At 31 March 2023 236,736 1,269 238,005

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 3,066 2,363
Other debtors 280 57
3,346 2,420

Amounts falling due after more than one year:
Other debtors 1,967 600

Aggregate amounts 5,313 3,020

Stockton Travel Limited (Registered number: 02412253)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 6,368 1,551
Taxation and social security 282 1,500
Other creditors 200 200
6,850 3,251

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

All Directors Loans are payable on demand.

8. GUARANTEES AND INDEMNITIES TO THIRD PARTIES

The Bank holds the following securities:-

a) Bond to Pakistan International Airlines (£90,000)
b) Barclays Bank Plc hold a charge on two of the company's properties and also personal guarantee given by Mohammed Asghar in respect of the above.