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Registered Number: 03512974
England and Wales

 

 

 

EXECUTIVE TRAVELL LTD


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 98,695    111,869 
98,695    111,869 
Current assets      
Debtors 9,185    9,242 
Cash at bank and in hand 1,427    11,791 
10,612    21,033 
Creditors: amount falling due within one year (39,868)   (63,963)
Net current assets (29,256)   (42,930)
 
Total assets less current liabilities 69,439    68,939 
Creditors: amount falling due after more than one year 1   
Net assets 69,440    68,939 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 69,340    68,839 
Shareholders' funds 69,440    68,939 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 20 August 2024 and were signed on its behalf by:


-------------------------------
John Sloyan
Director
1
General Information
Executive Travell Ltd is a private company, limited by shares, registered in England and Wales, registration number 03512974, registration address 2A Vernon Avenue , Eccles, M30 0UE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Land and Buildings   Total
  £   £   £   £   £
At 01 March 2023 25,714    156,831    416    65,828    248,789 
Additions        
Disposals   (22,141)       (22,141)
At 29 February 2024 25,714    134,690    416    65,828    226,648 
Depreciation
At 01 March 2023 23,416    113,322    182      136,920 
Charge for year 575    10,323    59      10,957 
On disposals   (19,924)       (19,924)
At 29 February 2024 23,991    103,721    241      127,953 
Net book values
Closing balance as at 29 February 2024 1,723    30,969    175    65,828    98,695 
Opening balance as at 01 March 2023 2,298    43,509    234    65,828    111,869 

The net book value of Land and Buildings includes £ 65,828 (2023 £65,828) in respect of assets leased under finance leases or hire purchase contracts.

2