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REGISTERED NUMBER: 07821913 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Nuco Travel Ltd

Nuco Travel Ltd (Registered number: 07821913)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Nuco Travel Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D Nugent
S Passmore
T Steer





REGISTERED OFFICE: Beech House
2 Gatley Road
Cheadle
Cheshire
SK8 1PY





REGISTERED NUMBER: 07821913 (England and Wales)





ACCOUNTANTS: Northern Tonic Ltd
14 Clifton Moor Business Village
James Nicolson Link
York
YO30 4XG

Nuco Travel Ltd (Registered number: 07821913)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 761,719 478,442
Property, plant and equipment 5 31,796 35,356
793,515 513,798

CURRENT ASSETS
Debtors 6 3,544,382 330,729
Cash at bank 1,071,616 3,524,823
4,615,998 3,855,552
CREDITORS
Amounts falling due within one year 7 2,580,038 2,356,531
NET CURRENT ASSETS 2,035,960 1,499,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,829,475

2,012,819

CREDITORS
Amounts falling due after more than one
year

8

(164,232

)

(265,278

)

PROVISIONS FOR LIABILITIES 9 (7,949 ) (8,839 )
NET ASSETS 2,657,294 1,738,702

CAPITAL AND RESERVES
Called up share capital 10 9 9
Capital redemption reserve 1 1
Retained earnings 2,657,284 1,738,692
SHAREHOLDERS' FUNDS 2,657,294 1,738,702

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.

Nuco Travel Ltd (Registered number: 07821913)

Statement of Financial Position - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





D Nugent - Director


Nuco Travel Ltd (Registered number: 07821913)

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

1. STATUTORY INFORMATION

Nuco Travel Ltd 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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.

Website development is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

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.

Nuco Travel Ltd (Registered number: 07821913)

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

2. ACCOUNTING POLICIES - continued

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2023 - 47 ) .

4. INTANGIBLE FIXED ASSETS
Website
Goodwill development Totals
£    £    £   
COST
At 1 May 2023 300,001 373,051 673,052
Additions - 484,859 484,859
At 30 April 2024 300,001 857,910 1,157,911
AMORTISATION
At 1 May 2023 120,000 74,610 194,610
Amortisation for year 30,000 171,582 201,582
At 30 April 2024 150,000 246,192 396,192
NET BOOK VALUE
At 30 April 2024 150,001 611,718 761,719
At 30 April 2023 180,001 298,441 478,442

Nuco Travel Ltd (Registered number: 07821913)

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

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 20,833 74,032 94,865
Additions 2,949 13,857 16,806
Reclassification/transfer - (18,705 ) (18,705 )
At 30 April 2024 23,782 69,184 92,966
DEPRECIATION
At 1 May 2023 18,415 41,094 59,509
Charge for year 3,332 17,007 20,339
Reclassification/transfer - (18,678 ) (18,678 )
At 30 April 2024 21,747 39,423 61,170
NET BOOK VALUE
At 30 April 2024 2,035 29,761 31,796
At 30 April 2023 2,418 32,938 35,356

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 404,434 18,054
Amounts owed by group undertakings 2,818,425 -
Other debtors 263,079 228,603
VAT 8,788 -
Prepayments 49,656 84,072
3,544,382 330,729

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 101,046 98,972
Trade creditors 774,277 183,378
Amounts owed to group undertakings 6,554 7,890
Tax 344,568 257,214
Social security and other taxes 74,516 72,303
VAT - 247,636
Other creditors 5,131 114,320
Accruals and deferred income 1,010,486 1,072,652
Accrued expenses 263,460 302,166
2,580,038 2,356,531

Nuco Travel Ltd (Registered number: 07821913)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 105,296 101,046
Bank loans - 2-5 years 58,936 164,232
164,232 265,278

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 7,949 8,839

Deferred
tax
£   
Balance at 1 May 2023 8,839
Credit to Statement of Income and Retained Earnings during year (890 )
Balance at 30 April 2024 7,949

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
890 Ordinary £0.01 9 9

11. RELATED PARTY DISCLOSURES

The company is owed a combined amount of £2,811,872 by its holding companies (Previous year - £7,890 was owed to the holding company)

12. ULTIMATE CONTROLLING PARTY

The immediate parent company is Nuco Holdings Limited, a company registered in England and Wales.

The ultimate controlling party, by virtue of shareholding, is Mr D Nugent.