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REGISTERED NUMBER: 04974049















Financial Statements

for the Year Ended 31 December 2023

for

J.A.K TRAVEL LTD

J.A.K TRAVEL LTD (REGISTERED NUMBER: 04974049)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.A.K TRAVEL LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A J Bonson





REGISTERED OFFICE: 368 Bradford Road
Sandbeds
Keighley
BD20 5LY





REGISTERED NUMBER: 04974049





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

J.A.K TRAVEL LTD (REGISTERED NUMBER: 04974049)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 255,884 292,046

CURRENT ASSETS
Debtors 5 27,811 21,454

CREDITORS
Amounts falling due within one year 6 144,900 177,636
NET CURRENT LIABILITIES (117,089 ) (156,182 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,795

135,864

CREDITORS
Amounts falling due after more than one
year

7

(66,903

)

(111,216

)

PROVISIONS FOR LIABILITIES (48,617 ) (49,665 )
NET ASSETS/(LIABILITIES) 23,275 (25,017 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 23,175 (25,117 )
SHAREHOLDERS' FUNDS 23,275 (25,017 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

J.A.K TRAVEL LTD (REGISTERED NUMBER: 04974049)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 15 August 2024 and were signed by:





A J Bonson - Director


J.A.K TRAVEL LTD (REGISTERED NUMBER: 04974049)

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


1. STATUTORY INFORMATION

J.A.K Travel Ltd is a private company, limited by shares , registered in Not specified/Other. 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 invoice value of sales for the period exclusive of value added tax.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated on a straight line basis to write off the assets over their estimated useful lives at the following annual rates:

Coaches -12.5% reducing balance
Fittings & equipment-20% 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
Assets held under hire purchase, finance lease and similar agreements are capitalised as tangible fixed assets and the corresponding liability to pay rentals is shown net of finance charges as hire purchase and lease obligations. The finance charge element of rentals is allocated so as to produce a constant periodic rate of charge on the remaining balance of the obligation for each accounting period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

J.A.K TRAVEL LTD (REGISTERED NUMBER: 04974049)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Plant,
equipment
and
vehicles
£   
COST
At 1 January 2023 775,223
Additions 531
At 31 December 2023 775,754
DEPRECIATION
At 1 January 2023 483,177
Charge for year 36,693
At 31 December 2023 519,870
NET BOOK VALUE
At 31 December 2023 255,884
At 31 December 2022 292,046


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,674 8,925
Other debtors 11,137 12,529
27,811 21,454

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 62,841 110,501
Hire purchase contracts 27,255 29,455
Trade creditors 25,235 31,338
Taxation and social security 24,824 1,917
Other creditors 4,745 4,425
144,900 177,636

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,800 39,900
Hire purchase contracts 44,103 71,316
66,903 111,216

J.A.K TRAVEL LTD (REGISTERED NUMBER: 04974049)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 49,805 96,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100