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REGISTERED NUMBER: SC471032 (Scotland)















COAST TO COAST TRAVEL LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024






COAST TO COAST TRAVEL LIMITED (REGISTERED NUMBER: SC471032)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COAST TO COAST TRAVEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: T D Erskine
B J Angus





REGISTERED OFFICE: 2 South Crescent Road
Ardrossan
Ayrshire
KA22 8DU





REGISTERED NUMBER: SC471032 (Scotland)





ACCOUNTANTS: JRD Partnership Ltd
Chartered Accountants
11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT

COAST TO COAST TRAVEL LIMITED (REGISTERED NUMBER: SC471032)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,299,853 1,095,279
1,299,853 1,095,279

CURRENT ASSETS
Debtors 6 153,890 101,563
Cash at bank and in hand 323,472 259,507
477,362 361,070
CREDITORS
Amounts falling due within one year 7 458,117 433,678
NET CURRENT ASSETS/(LIABILITIES) 19,245 (72,608 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,319,098

1,022,671

CREDITORS
Amounts falling due after more than one
year

8

(689,260

)

(564,656

)

PROVISIONS FOR LIABILITIES (184,249 ) (143,289 )
NET ASSETS 445,589 314,726

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 445,489 314,626
SHAREHOLDERS' FUNDS 445,589 314,726

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.

COAST TO COAST TRAVEL LIMITED (REGISTERED NUMBER: SC471032)

BALANCE SHEET - 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.

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 28th June 2024 and were signed on its behalf by:




T D Erskine - Director



B J Angus - Director


COAST TO COAST TRAVEL LIMITED (REGISTERED NUMBER: SC471032)

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


1. STATUTORY INFORMATION

Coast To Coast Travel Limited is a private company, limited by shares , registered in Scotland. 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 net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, was fully amortised over its estimated useful life of five years until 2019.

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.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% 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.

COAST TO COAST TRAVEL LIMITED (REGISTERED NUMBER: SC471032)

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


2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2023
and 31st January 2024 26,000
AMORTISATION
At 1st February 2023
and 31st January 2024 26,000
NET BOOK VALUE
At 31st January 2024 -
At 31st January 2023 -

COAST TO COAST TRAVEL LIMITED (REGISTERED NUMBER: SC471032)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st February 2023 311,212 1,641,642 1,952,854
Additions - 501,436 501,436
Disposals - (63,362 ) (63,362 )
At 31st January 2024 311,212 2,079,716 2,390,928
DEPRECIATION
At 1st February 2023 7,230 850,345 857,575
Charge for year 5,973 281,814 287,787
Eliminated on disposal - (54,287 ) (54,287 )
At 31st January 2024 13,203 1,077,872 1,091,075
NET BOOK VALUE
At 31st January 2024 298,009 1,001,844 1,299,853
At 31st January 2023 303,982 791,297 1,095,279

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

Plant and
machinery
etc
£   
COST
At 1st February 2023 1,019,359
Additions 336,297
Transfer to ownership (148,250 )
At 31st January 2024 1,207,406
DEPRECIATION
At 1st February 2023 460,539
Charge for year 191,001
Transfer to ownership (101,961 )
At 31st January 2024 549,579
NET BOOK VALUE
At 31st January 2024 657,827
At 31st January 2023 558,820

COAST TO COAST TRAVEL LIMITED (REGISTERED NUMBER: SC471032)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 46,055 14,725
Other debtors 107,835 86,838
153,890 101,563

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 48,665 45,961
Hire purchase contracts 240,910 244,564
Trade creditors 19,791 18,871
Taxation and social security 12,793 7,177
Other creditors 135,958 117,105
458,117 433,678

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 129,752 178,417
Hire purchase contracts 492,375 386,239
Other creditors 67,133 -
689,260 564,656

9. RELATED PARTY DISCLOSURES

The directors have advanced the company an interest free loan of £111,276 (2023 - £100,140). There is no fixed term of repayment.

Debtors includes a balance of £5,612 due from TDE Assets Ltd, a company in which T D Erskine, director, has a material interest. Rental payments of £42,140 and vehicle rental payments of £3,500 have been paid to TDE Assets Ltd during the year.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T D Erskine.