Silverfin false false 31/12/2023 01/01/2023 31/12/2023 A R Bayliss 17/11/2015 S D Walkes 17/01/2023 25 September 2024 The principal activity of the Company during the financial year was tour operator activities. 09874973 2023-12-31 09874973 bus:Director1 2023-12-31 09874973 bus:Director2 2023-12-31 09874973 core:CurrentFinancialInstruments 2023-12-31 09874973 core:CurrentFinancialInstruments 2022-12-31 09874973 2022-12-31 09874973 core:Non-currentFinancialInstruments 2023-12-31 09874973 core:Non-currentFinancialInstruments 2022-12-31 09874973 core:ShareCapital 2023-12-31 09874973 core:ShareCapital 2022-12-31 09874973 core:RetainedEarningsAccumulatedLosses 2023-12-31 09874973 core:RetainedEarningsAccumulatedLosses 2022-12-31 09874973 core:CurrentFinancialInstruments 10 2023-12-31 09874973 core:CurrentFinancialInstruments 10 2022-12-31 09874973 2023-01-01 2023-12-31 09874973 bus:FilletedAccounts 2023-01-01 2023-12-31 09874973 bus:SmallEntities 2023-01-01 2023-12-31 09874973 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09874973 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09874973 bus:Director1 2023-01-01 2023-12-31 09874973 bus:Director2 2023-01-01 2023-12-31 09874973 2022-01-01 2022-12-31 09874973 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 09874973 (England and Wales)

BAYLISS EXECUTIVE TRAVEL (DAYBREAKS & HOLIDAYS) LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

BAYLISS EXECUTIVE TRAVEL (DAYBREAKS & HOLIDAYS) LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

BAYLISS EXECUTIVE TRAVEL (DAYBREAKS & HOLIDAYS) LIMITED

BALANCE SHEET

As at 31 December 2023
BAYLISS EXECUTIVE TRAVEL (DAYBREAKS & HOLIDAYS) LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Current assets
Debtors 3 39,952 7,361
Cash at bank and in hand 76,823 143,907
116,775 151,268
Creditors: amounts falling due within one year 4 ( 97,476) ( 123,580)
Net current assets 19,299 27,688
Total assets less current liabilities 19,299 27,688
Creditors: amounts falling due after more than one year 5 ( 14,276) ( 22,631)
Net assets 5,023 5,057
Capital and reserves
Called-up share capital 1 1
Profit and loss account 5,022 5,056
Total shareholder's funds 5,023 5,057

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 financial statements of Bayliss Executive Travel (Daybreaks & Holidays) Limited (registered number: 09874973) were approved and authorised for issue by the Board of Directors on 25 September 2024. They were signed on its behalf by:

A R Bayliss
Director
BAYLISS EXECUTIVE TRAVEL (DAYBREAKS & HOLIDAYS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
BAYLISS EXECUTIVE TRAVEL (DAYBREAKS & HOLIDAYS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bayliss Executive Travel (Daybreaks & Holidays) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Old Tilmanstone Colliery Pike Road, Eythorne, Dover, CT15 4ND, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

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.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- It is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the debtors are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 1

3. Debtors

2023 2022
£ £
Trade debtors 9,717 2,216
Other taxation and social security 8 0
Other debtors 30,227 5,145
39,952 7,361

4. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 9,051 9,051
Trade creditors 142 685
Taxation and social security 0 41
Other creditors 88,283 113,803
97,476 123,580

5. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 14,276 22,631

There are no amounts included above in respect of which any security has been given by the small entity.

6. Related party transactions

Summary of transactions with other related parties
Amounts included within debtors include £2,493 due from a company under common control (2022 - (£68,138)). This amount is provided interest free, without security and repayable on demand.