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REGISTERED NUMBER: 04414600 (England and Wales)













Financial Statements

for the Year Ended 30 April 2024

for

Best Of Travel Limited

Best Of Travel Limited (Registered number: 04414600)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Best Of Travel Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: B El-Idrissi
D Venetopoulos
C D Lorenzo





REGISTERED OFFICE: 4th Floor
Hamilton house
LONDON
WC1H 9BB





REGISTERED NUMBER: 04414600 (England and Wales)





ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

Best Of Travel Limited (Registered number: 04414600)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 659,024 745,540
659,024 745,540

CURRENT ASSETS
Debtors 6 1,850,665 1,964,085
Cash at bank 848,931 608,465
2,699,596 2,572,550
CREDITORS
Amounts falling due within one year 7 1,888,642 1,888,340
NET CURRENT ASSETS 810,954 684,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,469,978

1,429,750

CREDITORS
Amounts falling due after more than
one year

8

(235,392

)

(285,392

)

PROVISIONS FOR LIABILITIES (164,576 ) (186,166 )
NET ASSETS 1,070,010 958,192

CAPITAL AND RESERVES
Called up share capital 6,280 6,280
Share premium 148,340 148,340
Revaluation reserve 99,622 99,622
Retained earnings 815,768 703,950
1,070,010 958,192

Best Of Travel Limited (Registered number: 04414600)

Balance Sheet - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





B El-Idrissi - Director


Best Of Travel Limited (Registered number: 04414600)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Best Of Travel Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

The preparation of financial statements in compliance with FRS102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discount, rebates, Value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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% on reducing balance and at variable rates on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 10% on cost and 10% on 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.


Best Of Travel Limited (Registered number: 04414600)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term ans their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all fo the benefits and risk of ownership are assumed by the company. Obligations under such agreements are included in creditors net of finance charge allocated to future periods. The finance element is charged to profit and loss so as to produce a constant periodic rate if charge on the net obligation outstanding in each period.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid, the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Best Of Travel Limited (Registered number: 04414600)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 146,674
AMORTISATION
At 1 May 2023
and 30 April 2024 146,674
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Best Of Travel Limited (Registered number: 04414600)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 865,633 248,790 14,174 125,691 1,254,288
DEPRECIATION
At 1 May 2023 200,675 202,300 6,218 99,555 508,748
Charge for year 66,504 11,687 2,586 5,739 86,516
At 30 April 2024 267,179 213,987 8,804 105,294 595,264
NET BOOK VALUE
At 30 April 2024 598,454 34,803 5,370 20,397 659,024
At 30 April 2023 664,958 46,490 7,956 26,136 745,540

Cost or valuation at 30 April 2024 is represented by:

Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2022 50,536 - - - 50,536
Cost 815,097 248,790 14,174 125,691 1,203,752
865,633 248,790 14,174 125,691 1,254,288

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,814,036 1,933,043
Tax - 10,858
VAT 14,800 15,184
Prepayments and accrued income 21,829 5,000
1,850,665 1,964,085

Best Of Travel Limited (Registered number: 04414600)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 55,654 51,244
Trade creditors 1,382,258 1,414,375
Tax 44,236 24,239
Social security and other taxes 12,685 7,889
Other creditors 25,122 19,259
Accruals and deferred income 368,687 371,334
1,888,642 1,888,340

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 50,000 50,000
Bank loans - 2-5 years 4,167 54,167
Other loans - 2-5 years 158,552 158,552
Directors' loan accounts 22,673 22,673
235,392 285,392