Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 06434102 A Gallagher N Gallagher A Gallagher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06434102 2022-11-30 06434102 2023-11-30 06434102 2022-12-01 2023-11-30 06434102 frs-core:CurrentFinancialInstruments 2023-11-30 06434102 frs-core:Non-currentFinancialInstruments 2023-11-30 06434102 frs-core:BetweenOneFiveYears 2023-11-30 06434102 frs-core:FurnitureFittings 2023-11-30 06434102 frs-core:FurnitureFittings 2022-12-01 2023-11-30 06434102 frs-core:FurnitureFittings 2022-11-30 06434102 frs-core:PlantMachinery 2023-11-30 06434102 frs-core:PlantMachinery 2022-12-01 2023-11-30 06434102 frs-core:PlantMachinery 2022-11-30 06434102 frs-core:WithinOneYear 2023-11-30 06434102 frs-core:ShareCapital 2023-11-30 06434102 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 06434102 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06434102 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 06434102 frs-bus:SmallEntities 2022-12-01 2023-11-30 06434102 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 06434102 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 06434102 frs-core:DeferredTaxation 2022-12-01 2023-11-30 06434102 frs-core:DeferredTaxation 2022-11-30 06434102 frs-core:DeferredTaxation 2023-11-30 06434102 frs-bus:Director1 2022-12-01 2023-11-30 06434102 frs-bus:Director2 2022-12-01 2023-11-30 06434102 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 06434102 frs-core:CurrentFinancialInstruments 1 2023-11-30 06434102 frs-countries:EnglandWales 2022-12-01 2023-11-30 06434102 2021-11-30 06434102 2022-11-30 06434102 2021-12-01 2022-11-30 06434102 frs-core:CurrentFinancialInstruments 2022-11-30 06434102 frs-core:Non-currentFinancialInstruments 2022-11-30 06434102 frs-core:BetweenOneFiveYears 2022-11-30 06434102 frs-core:WithinOneYear 2022-11-30 06434102 frs-core:ShareCapital 2022-11-30 06434102 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 06434102 frs-core:CurrentFinancialInstruments 1 2022-11-30
Registered number: 06434102
Gallagher's Travel Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06434102
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 199,301 291,046
199,301 291,046
CURRENT ASSETS
Debtors 5 277,801 169,687
Cash at bank and in hand 103,694 60,363
381,495 230,050
Creditors: Amounts Falling Due Within One Year 6 (313,629 ) (323,688 )
NET CURRENT ASSETS (LIABILITIES) 67,866 (93,638 )
TOTAL ASSETS LESS CURRENT LIABILITIES 267,167 197,408
Creditors: Amounts Falling Due After More Than One Year 7 (201,027 ) (303,683 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (49,254 ) (72,762 )
NET ASSETS/(LIABILITIES) 16,886 (179,037 )
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 16,884 (179,039 )
SHAREHOLDERS' FUNDS 16,886 (179,037)
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For the year ending 30 November 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
N Gallagher
Director
21 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Gallagher's Travel Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06434102 . The registered office is 2nd Floor Butler House, 177-178 Tottenham Court Road, London, W1T 7AF.
The presentation currency of the financial statements is Pound Sterling (£). 
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable and value added taxes. Turnover represents amounts receivable for coach travel services net of VAT in accordance with the terms of service agreements.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on Reducing Balance
Fixtures & Fittings 25% on Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2022: 14)
13 14
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2022 964,720 17,206 981,926
Disposals (45,000 ) - (45,000 )
As at 30 November 2023 919,720 17,206 936,926
Depreciation
As at 1 December 2022 676,722 14,158 690,880
Provided during the period 65,671 762 66,433
Disposals (19,688 ) - (19,688 )
As at 30 November 2023 722,705 14,920 737,625
Net Book Value
As at 30 November 2023 197,015 2,286 199,301
As at 1 December 2022 287,998 3,048 291,046
Included above in Plant & Machinery are assets held under finance leases or hire purchases contracts with a net book value if £170,853 (2022: £272,506).
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 233,890 119,813
Other debtors 22,445 28,813
VAT 21,466 21,061
277,801 169,687
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 141,744 172,680
Trade creditors 62,173 39,787
Other taxes and social security 63,692 56,386
Other creditors 37,782 47,134
Accrual 3,600 3,849
Directors' loan accounts 4,638 3,852
313,629 323,688
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 201,027 303,683
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8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 141,744 172,680
Later than one year and not later than five years 201,027 303,683
342,771 476,363
342,771 476,363
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 December 2022 72,762 72,762
Deferred taxation (23,508 ) (23,508 )
Balance at 30 November 2023 49,254 49,254
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
11. Related Party Transactions
Included in Creditors are loans of £4,638 (2022: £3,852) due to the Directors. These loans are interest free and repayable on demand. 
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