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Company Registration No. 12164969 (England and Wales)
G And G Travel (Melton Mowbray) Ltd Unaudited accounts for the year ended 31 August 2023
G And G Travel (Melton Mowbray) Ltd Unaudited accounts Contents
Page
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G And G Travel (Melton Mowbray) Ltd Company Information for the year ended 31 August 2023
Directors
John Hill Gemma Hill
Company Number
12164969 (England and Wales)
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G And G Travel (Melton Mowbray) Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
452,700 
383,368 
Current assets
Inventories
6,520 
6,520 
Debtors
238,941 
152,415 
Cash at bank and in hand
26,287 
(49,353)
271,748 
109,582 
Creditors: amounts falling due within one year
(416,090)
(428,198)
Net current liabilities
(144,342)
(318,616)
Total assets less current liabilities
308,358 
64,752 
Creditors: amounts falling due after more than one year
(206,605)
21,517 
Net assets
101,753 
86,269 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
101,751 
86,267 
Shareholders' funds
101,753 
86,269 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by
John Hill Director Company Registration No. 12164969
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G And G Travel (Melton Mowbray) Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
G And G Travel (Melton Mowbray) Ltd is a private company, limited by shares, registered in England and Wales, registration number 12164969.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2022
59,111 
412,539 
5,090 
1,196 
477,936 
Additions
- 
216,550 
- 
- 
216,550 
At 31 August 2023
59,111 
629,089 
5,090 
1,196 
694,486 
Depreciation
At 1 September 2022
8,858 
84,383 
1,088 
239 
94,568 
Charge for the year
10,051 
136,176 
800 
191 
147,218 
At 31 August 2023
18,909 
220,559 
1,888 
430 
241,786 
Net book value
At 31 August 2023
40,202 
408,530 
3,202 
766 
452,700 
At 31 August 2022
50,253 
328,156 
4,002 
957 
383,368 
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G And G Travel (Melton Mowbray) Ltd Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
18,584 
42,331 
Trade debtors
169,621 
65,621 
Amounts due from group undertakings etc.
50,736 
44,463 
238,941 
152,415 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,594 
- 
Obligations under finance leases and hire purchase contracts
100,168 
- 
Trade creditors
102,954 
220,587 
Taxes and social security
4,787 
- 
Other creditors
30,041 
- 
Loans from directors
165,896 
206,372 
Accruals
1,650 
1,239 
416,090 
428,198 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,740 
49,172 
Obligations under finance leases and hire purchase contracts
188,865 
(70,689)
206,605 
(21,517)
8
Average number of employees
During the year the average number of employees was 16 (2022: 0).
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