Registered number
11865200
Swan Travel Limited
Filleted Accounts
31 March 2024
Swan Travel Limited
Registered number: 11865200
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 501,553 540,917
Current assets
Debtors 5 42,508 70,605
Cash at bank and in hand 209,882 160,674
252,390 231,279
Creditors: amounts falling due within one year 6 (265,636) (314,292)
Net current liabilities (13,246) (83,013)
Total assets less current liabilities 488,307 457,904
Creditors: amounts falling due after more than one year 7 (150,589) (231,690)
Provisions for liabilities (34,146) (34,146)
Net assets 303,572 192,068
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 302,572 191,068
Shareholder's funds 303,572 192,068
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jasminder Ali
Director
Approved by the board on 24 July 2024
Swan Travel Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes the rendering of services. to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 1% straight line
Plant and machinery 15% Reducing balance
Motor vehicles 25% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Going Concern
The Director has considered the company's business activities, together with the factors likely to affect its future development, performance and position that are effected due to Covid19 restrictions.

The director has considered the company's financial resources together with its customer base and supply chain. .

As a consequence, the director believes that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook.

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continue to adopt the going concern basis of accounting in preparing the annual financial statements

The director has continued to prepare the accounts on a going concern basis and deem this appropriate. The director does not consider that a material uncertainty about the going concern status currently exists,in making this assessment. The director considered the likely trading conditions for the period of 12 months from that date approval of these accounts
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 243,666 541 521,250 765,457
Additions - 4,700 46,100 50,800
At 31 March 2024 243,666 5,241 567,350 816,257
Depreciation
At 1 April 2023 4,874 200 219,466 224,540
Charge for the year 2,437 756 86,971 90,164
At 31 March 2024 7,311 956 306,437 314,704
Net book value
At 31 March 2024 236,355 4,285 260,913 501,553
At 31 March 2023 238,792 341 301,784 540,917
5 Debtors 2024 2023
£ £
Trade debtors 28,064 30,817
Other debtors 14,444 39,788
42,508 70,605
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 60,628 56,971
Obligations under finance lease and hire purchase contracts 32,393 23,244
Trade creditors 1,943 -
Taxation and social security costs 32,366 1,252
Other creditors 138,306 232,825
265,636 314,292
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 47,584 108,254
Obligations under finance lease and hire purchase contracts 103,005 123,436
150,589 231,690
8 Other information
Swan Travel Limited is a private company limited by shares and incorporated in England. Its registered office is:
,Unit 26 , 20 James Road
Tyseley
Birmingham
B11 2BA
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