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REGISTERED NUMBER: 10250350 (England and Wales)












Financial Statements

for the Year Ended 31 July 2024

for

GDS 2016 LTD
TRADING AS
GDS TRAVEL

GDS 2016 LTD (REGISTERED NUMBER: 10250350)
TRADING AS GDS TRAVEL






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

GDS 2016 LTD
TRADING AS GDS TRAVEL

Company Information
for the Year Ended 31 JULY 2024







DIRECTORS: G D Salter
M A Salter





REGISTERED OFFICE: 58 Bridge Road
Long Sutton
Spalding
Lincolnshire
PE12 9EF





REGISTERED NUMBER: 10250350 (England and Wales)





ACCOUNTANTS: Robson Downing
26 Bolingbroke Road
Norwich
Norfolk
NR3 2SH

GDS 2016 LTD (REGISTERED NUMBER: 10250350)
TRADING AS GDS TRAVEL

Balance Sheet
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 340,328 283,934

CURRENT ASSETS
Debtors 5 65,794 59,441
Cash at bank 78,159 47,923
143,953 107,364
CREDITORS
Amounts falling due within one year 6 178,813 188,801
NET CURRENT LIABILITIES (34,860 ) (81,437 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

305,468

202,497

CREDITORS
Amounts falling due after more than one
year

7

(153,040

)

(106,876

)

PROVISIONS FOR LIABILITIES (36,586 ) (28,451 )
NET ASSETS 115,842 67,170

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 115,841 67,169
115,842 67,170

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

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

GDS 2016 LTD (REGISTERED NUMBER: 10250350)
TRADING AS GDS TRAVEL

Balance Sheet - continued
31 JULY 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 9 September 2024 and were signed on its behalf by:





G D Salter - Director


GDS 2016 LTD (REGISTERED NUMBER: 10250350)
TRADING AS GDS TRAVEL

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

1. STATUTORY INFORMATION

GDS 2016 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 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Hire purchase and leasing commitments
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 21 (2023 - 19 ) .

GDS 2016 LTD (REGISTERED NUMBER: 10250350)
TRADING AS GDS TRAVEL

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2023 129,189 59,740 12,080
Additions - 51,250 -
Disposals - - -
At 31 July 2024 129,189 110,990 12,080
DEPRECIATION
At 1 August 2023 - 18,002 7,694
Charge for year - 23,310 1,097
Charge written back - - -
At 31 July 2024 - 41,312 8,791
NET BOOK VALUE
At 31 July 2024 129,189 69,678 3,289
At 31 July 2023 129,189 41,738 4,386

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 276,913 1,586 479,508
Additions 101,049 - 152,299
Disposals (5,661 ) - (5,661 )
At 31 July 2024 372,301 1,586 626,146
DEPRECIATION
At 1 August 2023 169,050 828 195,574
Charge for year 68,792 190 93,389
Charge written back (3,145 ) - (3,145 )
At 31 July 2024 234,697 1,018 285,818
NET BOOK VALUE
At 31 July 2024 137,604 568 340,328
At 31 July 2023 107,863 758 283,934

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 54,903 50,489
Other debtors 10,891 8,952
65,794 59,441

GDS 2016 LTD (REGISTERED NUMBER: 10250350)
TRADING AS GDS TRAVEL

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,299 -
Trade creditors 8,923 35,409
Taxation and social security 9,255 6,353
Other creditors 150,336 147,039
178,813 188,801

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 32,476 37,752
Taxation and social security 119,167 68,014
Other creditors 1,397 1,110
153,040 106,876

Amounts falling due in more than five years:

Repayable by instalments
Barclays bounce back loan 32,476 37,752

GDS 2016 LTD
TRADING AS GDS TRAVEL

Report of the Accountants to the Directors of
GDS 2016 Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Robson Downing
26 Bolingbroke Road
Norwich
Norfolk
NR3 2SH


9 September 2024