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Globe Holidays Limited
Registered Number:02778802
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Globe Holidays Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
02778802
As at 31 March 2024
Globe Holidays Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
818,194
604,048
2
818,194
604,048
Current assets
Inventories
34,471
33,496
3
Trade and other receivables
571,216
709,734
4
164,232
Cash and cash equivalents
80,386
823,616
769,919
Trade and other payables: amounts falling due within one
year
(541,214)
(391,581)
5
228,705
432,035
Net current assets
Total assets less current liabilities
1,250,229
832,753
Trade and other payables: amounts falling due after more
than one year
(556,047)
(791,628)
6
(146,932)
(101,215)
Provisions for liabilities
311,669
Net assets
175,491
Capital and reserves
Called up share capital
101,002
101,002
Retained earnings
210,667
74,489
311,669
175,491
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
02778802
For the year ended 31 March 2024
Globe Holidays Limited
Statement of Financial Position Continued
Scott Woolley Director
These financial statements were approved and authorised for issue by the Board on 19 August 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2024
Globe Holidays Limited
Notes to the Financial Statements
Statutory Information
Globe Holidays Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 02778802.
Principal place of business:
60 Eldon Street
Barnsley
South Yorkshire
S70 2JL
Registered address:
60 Eldon Street
Barnsley
South Yorkshire
S70 2JL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
15% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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6
For the year ended 31 March 2024
Globe Holidays Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 April 2023
929,108
92,697
703,778
132,633
638,888
-
638,888
-
Additions
-
(572,778)
-
Disposals
(572,778)
At 31 March 2024
132,633
769,888
92,697
995,218
Provision for depreciation and impairment
At 01 April 2023
325,060
17,319
235,803
71,938
Charge for year
33,697
11,307
13,285
9,105
(181,733)
-
(181,733)
-
On disposal
At 31 March 2024
177,024
28,626
67,355
81,043
At 31 March 2024
Net book value
51,590
702,533
64,071
818,194
At 31 March 2023
60,695
467,975
75,378
604,048
3. Inventories
2023
2024
£
£
Stocks
33,496
34,471
4. Trade and other receivables
2023
2024
£
£
Trade debtors
462,752
454,823
Prepayments and accrued income
33,076
-
Taxation and social security
46,041
31,393
Other debtors
167,865
85,000
571,216
709,734
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7
For the year ended 31 March 2024
Globe Holidays Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
85,000
85,000
Trade creditors
6
64,539
Taxation and social security
247,704
245,740
Accruals and deferred income
2,860
14,585
Directors' loan accounts
23,898
81,714
Other creditors
32,113
49,636
391,581
541,214
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
249,360
339,427
216,620
542,268
Obligations under HP/Financial leases
791,628
556,047
7. Average number of persons employed
During the year the average number of employees was 75 (2023 : 70)
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