Aidan Naughton Travel Services Ltd 07478125 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Travel services. Digita Accounts Production Advanced 6.30.9574.0 true true 07478125 2023-01-01 2023-12-31 07478125 2023-12-31 07478125 core:CurrentFinancialInstruments 2023-12-31 07478125 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07478125 core:OfficeEquipment 2023-12-31 07478125 bus:SmallEntities 2023-01-01 2023-12-31 07478125 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07478125 bus:FullAccounts 2023-01-01 2023-12-31 07478125 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07478125 bus:RegisteredOffice 2023-01-01 2023-12-31 07478125 bus:Director1 2023-01-01 2023-12-31 07478125 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07478125 core:ComputerEquipment 2023-01-01 2023-12-31 07478125 core:OfficeEquipment 2023-01-01 2023-12-31 07478125 countries:EnglandWales 2023-01-01 2023-12-31 07478125 2022-12-31 07478125 core:OfficeEquipment 2022-12-31 07478125 2022-01-01 2022-12-31 07478125 2022-12-31 07478125 core:CurrentFinancialInstruments 2022-12-31 07478125 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 07478125 core:OfficeEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 07478125

Aidan Naughton Travel Services Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Aidan Naughton Travel Services Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Aidan Naughton Travel Services Ltd

(Registration number: 07478125)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

40

47

Current assets

 

Debtors

5

3,590

9,357

Cash at bank and in hand

 

37,990

53,077

 

41,580

62,434

Creditors: Amounts falling due within one year

6

(15,317)

(25,035)

Net current assets

 

26,263

37,399

Net assets

 

26,303

37,446

Capital and reserves

 

Called up share capital

1

1

Retained earnings

26,302

37,445

Shareholders' funds

 

26,303

37,446

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 September 2024 and signed on its behalf by:
 

.........................................
A Naughton
Director

 

Aidan Naughton Travel Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
31a Charnham Street
Hungerford
Berkshire
RG17 0EJ
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

15% on reducing balance

 

Aidan Naughton Travel Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

Aidan Naughton Travel Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

329

329

At 31 December 2023

329

329

Depreciation

At 1 January 2023

282

282

Charge for the year

7

7

At 31 December 2023

289

289

Carrying amount

At 31 December 2023

40

40

At 31 December 2022

47

47

5

Debtors

Current

2023
£

2022
£

Trade debtors

3,590

4,973

Other debtors

-

4,384

 

3,590

9,357

 

Aidan Naughton Travel Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

72

72

Taxation and social security

13,998

23,889

Other creditors

1,247

1,074

15,317

25,035