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REGISTERED NUMBER: 03153519 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Voel Holidays Limited

Voel Holidays Limited (Registered number: 03153519)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Voel Holidays Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: W M Kerfoot-Davies
Mrs M Kerfoot-Davies
Mrs M Kerfoot Higginson
M Higginson





SECRETARY: Mrs M Kerfoot-Davies





REGISTERED OFFICE: Penisa
Dyserth
Rhyl
Denbighshire
LL18 6BP





REGISTERED NUMBER: 03153519 (England and Wales)





ACCOUNTANTS: Graham & Fisher Limited
T/A Grahams
Chartered Accountants
30 Birkenhead Road
Hoylake
Wirral
CH47 3BW

Voel Holidays Limited (Registered number: 03153519)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 275,675 561,868
Cash at bank 265,565 17,366
541,240 579,234
CREDITORS
Amounts falling due within one year 5 257,005 304,726
NET CURRENT ASSETS 284,235 274,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,235

274,508

CREDITORS
Amounts falling due after more than one
year

6

30,651

36,501
NET ASSETS 253,584 238,007

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 253,582 238,005
SHAREHOLDERS' FUNDS 253,584 238,007

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.

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 4 September 2024 and were signed on its behalf by:




W M Kerfoot-Davies - Director


Voel Holidays Limited (Registered number: 03153519)

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

1. STATUTORY INFORMATION

Voel Holidays 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 comprises the invoiced value of services supplied by the company net of value added tax on an accruals basis.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
VAT 29,245 -
Loan - Voel Coaches Ltd 192,226 528,101
Prepayments 54,204 33,767
275,675 561,868

Voel Holidays Limited (Registered number: 03153519)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,850 5,850
Trade creditors 10,931 21,960
Taxation and social security 3,653 8,374
Other creditors 236,571 268,542
257,005 304,726

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 30,651 36,501

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,251 13,101

7. RELATED PARTY DISCLOSURES

All the directors are also directors of Voel Coaches Limited registered in England and Wales. Transactions are at arms length and are disclosed in the financial statements. As at 31st March 2024 Voel Holidays was owed by Voel Coaches £192,226 (2023 - £528,101).

There are no employees within Voel Holidays Limited. Voel Coaches employs staff which are then used by Voel Holidays and this is recompensed by way of a management fee each year.

8. TRUST ACCOUNT

The company is no longer required to maintain a Trust Account until relevant holidays have been completed as it now holds a bond to cover this instead.