Registered number:
08581699
Buildmyskitrip.com Ltd
Filleted Accounts
30 April 2024
MAT & CO
ACCOUNTANCY SERVICES LTD
Chartered Certified Accountants
Registered Auditors
The Byre Walden Road
Thaxted
Dunmow
CM6 2RQ
Buildmyskitrip.com Ltd
Report and accounts
Contents
Page
Director's report 1
Accountants' report 2
Profit and loss account 3
Balance sheet 4
Statement of changes in equity 5
Notes to the accounts 6 to 9
The following pages do not form part of the statutory financial statements
Detailed profit and loss account 10
Schedule to the profit and loss account 11 to 12
Buildmyskitrip.com Ltd
Registered number: 08581699
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 33,236 20,844
Tangible assets 4 45,500 51,389
Investments 5 2,000 2,000
80,736 74,233
Current assets
Stocks 9,473 9,964
Debtors 6 159,656 89,684
Cash at bank and in hand 55,590 2,617
224,719 102,265
Creditors: amounts falling due within one year 7 (227,392) (206,392)
Net current liabilities (2,673) (104,127)
Total assets less current liabilities 78,063 (29,894)
Creditors: amounts falling due after more than one year 8 (162,105) (108,289)
Net liabilities (84,042) (138,183)
Capital and reserves
Called up share capital 30,100 30,100
Profit and loss account (114,142) (168,283)
Shareholders' funds (84,042) (138,183)
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 members have 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.
________________________________________
Mr. Laurence Stanford-Maseyk
Director
Approved by the board on 28 August 2024
Buildmyskitrip.com Ltd
Notes to the Accounts
for the year ended 30 April 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. Tunrover represents licensable and non-licensable turnover. Licensable turnover includes the sale of a holiday and all incidental services acquired by the customer, including a flight and it is recognised at the date of departure. Non-licensable turnover includes the sale of a holiday and all incidental services acquired by the customer but does not include a flight and it is recognised in two stages; - the deposit is recognised at the date it is received and the balance when it is paid closer to the date of attending the holiday.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Computer equipment 20% Straight line
Chalet equipment and furniture 33.33% Straight line
Fixtures, fittings, tools and equipment 20% Reducing balance
Plant and machinery 20% Reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 38 38
3 Intangible fixed assets £
Website:
Cost
At 1 May 2023 44,955
Additions 23,470
At 30 April 2024 68,425
Amortisation
At 1 May 2023 24,111
Provided during the year 11,078
At 30 April 2024 35,189
Net book value
At 30 April 2024 33,236
At 30 April 2023 20,844
Website cost is being written off at 25% on a reducing balance method.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023 79,848
Additions 18,753
At 30 April 2024 98,601
Depreciation
At 1 May 2023 28,459
Charge for the year 24,642
At 30 April 2024 53,101
Net book value
At 30 April 2024 45,500
At 30 April 2023 51,389
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 May 2023 2,000
At 30 April 2024 2,000
6 Debtors 2024 2023
£ £
Other debtors 159,656 89,684
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 20,000 49,985
Trade creditors 1,166 -
Taxation and social security costs 52,032 20,766
Other creditors 154,194 135,641
227,392 206,392
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,344 39,746
Subordinated loan 140,000 47,000
Amounts owed to group undertakings and undertakings in which the company has a participating interest 6,761 21,543
162,105 108,289
9 Controlling party
The ultimate controlling party is Mr. Laurence Stanford-Maseyk by virtue of his majority shareholding.
Included in other creditors is a director's loan account balance of £140,630 (2023 - £47,403). This is fully subordinated to ATOL (2023 - £47,403).

The director does not intend to recall the loan account within 12 months of the sign off date of these accounts.
10 Other information
Buildmyskitrip.com Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Byre Walden Road
Thaxted
Dunmow
CM6 2RQ
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