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City Travel (U.K.) Limited

Financial Statements for the Year Ended 31 December 2023






City Travel (U.K.) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S M Gay
C Gay





REGISTERED OFFICE: 2 Heol-y-Bryn
Rhiwbina
Cardiff
CF14 6HY





REGISTERED NUMBER: 03909796 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
City Travel (U.K.) Limited


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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of City Travel (U.K.) Limited for the year ended 31 December 2023 which comprise the Profit and Loss, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of City Travel (U.K.) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of City Travel (U.K.) Limited and state those matters that we have agreed to state to the Board of Directors of City Travel (U.K.) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than City Travel (U.K.) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that City Travel (U.K.) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of City Travel (U.K.) Limited. You consider that City Travel (U.K.) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of City Travel (U.K.) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


25 September 2024

City Travel (U.K.) Limited (Registered number: 03909796)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 21,550 26,027

CURRENT ASSETS
Debtors 4 382,391 418,960
Cash at bank 28,918 2,875
411,309 421,835
CREDITORS
Amounts falling due within one year 5 101,033 107,395
NET CURRENT ASSETS 310,276 314,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,826

340,467

CREDITORS
Amounts falling due after more than
one year

6

(49,266

)

(58,210

)

PROVISIONS FOR LIABILITIES (5,200 ) (4,900 )
NET ASSETS 277,360 277,357

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 277,300 277,297
SHAREHOLDERS' FUNDS 277,360 277,357

City Travel (U.K.) Limited (Registered number: 03909796)

Balance Sheet - continued
31 December 2023


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 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





S M Gay - Director


City Travel (U.K.) Limited (Registered number: 03909796)

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


1. 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
The turnover shown in the profit and loss account represents amounts receivable in the ordinary course of business from the principal activity of the company, exclusive of value added tax and trade discounts.

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% straight line
Motor vehicles - 25% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Leasing commitments and hire purchase
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

City Travel (U.K.) Limited (Registered number: 03909796)

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


3. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 9,188 31,870 41,058
Additions 832 - 832
At 31 December 2023 10,020 31,870 41,890
DEPRECIATION
At 1 January 2023 9,188 5,843 15,031
Charge for year 104 5,205 5,309
At 31 December 2023 9,292 11,048 20,340
NET BOOK VALUE
At 31 December 2023 728 20,822 21,550
At 31 December 2022 - 26,027 26,027

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 114,391 150,960
Other debtors & prepayments 268,000 268,000
382,391 418,960

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank overdraft 5,863 5,595
Hire purchase contracts 4,716 4,716
Trade creditors 55,443 36,807
Taxes & social security costs 19,409 12,064
Other creditors & accruals 15,602 48,213
101,033 107,395

City Travel (U.K.) Limited (Registered number: 03909796)

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


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 33,913 38,141
Hire purchase contracts 15,353 20,069
49,266 58,210