Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08873576 Mr R Badcock Mrs W E Badcock Spike Transport Services Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08873576 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-03-31 08873576 2023-03-31 08873576 2024-03-31 08873576 2023-04-01 2024-03-31 08873576 frs-core:CurrentFinancialInstruments 2024-03-31 08873576 frs-core:Non-currentFinancialInstruments 2024-03-31 08873576 frs-core:BetweenOneFiveYears 2024-03-31 08873576 frs-core:FurnitureFittings 2024-03-31 08873576 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08873576 frs-core:FurnitureFittings 2023-03-31 08873576 frs-core:NetGoodwill 2024-03-31 08873576 frs-core:NetGoodwill 2023-04-01 2024-03-31 08873576 frs-core:NetGoodwill 2023-03-31 08873576 frs-core:MotorVehicles 2024-03-31 08873576 frs-core:MotorVehicles 2023-04-01 2024-03-31 08873576 frs-core:MotorVehicles 2023-03-31 08873576 frs-core:PlantMachinery 2024-03-31 08873576 frs-core:PlantMachinery 2023-04-01 2024-03-31 08873576 frs-core:PlantMachinery 2023-03-31 08873576 frs-core:WithinOneYear 2024-03-31 08873576 frs-core:ShareCapital 2024-03-31 08873576 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08873576 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08873576 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08873576 frs-bus:SmallEntities 2023-04-01 2024-03-31 08873576 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08873576 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08873576 1 2023-04-01 2024-03-31 08873576 frs-bus:Director1 2023-04-01 2024-03-31 08873576 frs-bus:Director2 2023-04-01 2024-03-31 08873576 frs-core:CurrentFinancialInstruments 1 2024-03-31 08873576 frs-core:Non-currentFinancialInstruments 1 2024-03-31 08873576 frs-core:CurrentFinancialInstruments 2 2024-03-31 08873576 frs-core:Non-currentFinancialInstruments 2 2024-03-31 08873576 frs-core:CurrentFinancialInstruments 3 2024-03-31 08873576 frs-countries:EnglandWales 2023-04-01 2024-03-31 08873576 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-03-31 08873576 2022-03-31 08873576 2023-03-31 08873576 2022-04-01 2023-03-31 08873576 frs-core:CurrentFinancialInstruments 2023-03-31 08873576 frs-core:Non-currentFinancialInstruments 2023-03-31 08873576 frs-core:BetweenOneFiveYears 2023-03-31 08873576 frs-core:WithinOneYear 2023-03-31 08873576 frs-core:ShareCapital 2023-03-31 08873576 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08873576 frs-core:CurrentFinancialInstruments 1 2023-03-31 08873576 frs-core:Non-currentFinancialInstruments 1 2023-03-31 08873576 frs-core:CurrentFinancialInstruments 2 2023-03-31 08873576 frs-core:Non-currentFinancialInstruments 2 2023-03-31 08873576 frs-core:CurrentFinancialInstruments 3 2023-03-31 08873576 frs-core:CurrentFinancialInstruments 4 2023-03-31
Registered number: 08873576
C L Travel Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Compton Hardwick Ltd
20 Elin Way
Meldreth
Royston
Hertfordshire
SG86LX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08873576
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 500 2,500
Tangible Assets 5 25,817 39,173
26,317 41,673
CURRENT ASSETS
Stocks 6 5,000 5,000
Debtors 7 56,617 77,044
61,617 82,044
Creditors: Amounts Falling Due Within One Year 8 (288,437 ) (314,291 )
NET CURRENT ASSETS (LIABILITIES) (226,820 ) (232,247 )
TOTAL ASSETS LESS CURRENT LIABILITIES (200,503 ) (190,574 )
Creditors: Amounts Falling Due After More Than One Year 9 (45,562 ) (66,129 )
NET LIABILITIES (246,065 ) (256,703 )
CAPITAL AND RESERVES
Called up share capital 12 1 1
Profit and Loss Account (246,066 ) (256,704 )
SHAREHOLDERS' FUNDS (246,065) (256,703)
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For the year ending 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 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
Mr R Badcock
Director
25/10/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
C L Travel Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08873576 . The registered office is C L Travel, The Coach Yard Grange Farm, Flint Cross, Royston, Herts, SG8 7PR.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. 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 over 4 years
Motor Vehicles over 8 years
Fixtures & Fittings over 3 years
2.6. 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.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 9)
9 9
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 20,000
As at 31 March 2024 20,000
Amortisation
As at 1 April 2023 17,500
Provided during the period 2,000
As at 31 March 2024 19,500
Net Book Value
As at 31 March 2024 500
As at 1 April 2023 2,500
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 22,237 73,305 31,056 126,598
As at 31 March 2024 22,237 73,305 31,056 126,598
Depreciation
As at 1 April 2023 22,237 58,287 6,901 87,425
Provided during the period - 3,004 10,352 13,356
As at 31 March 2024 22,237 61,291 17,253 100,781
Net Book Value
As at 31 March 2024 - 12,014 13,803 25,817
As at 1 April 2023 - 15,018 24,155 39,173
6. Stocks
2024 2023
£ £
Stock 5,000 5,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 32,103 32,932
Prepayments and accrued income 20,285 40,031
Other debtors 4,229 4,081
56,617 77,044
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,989 9,321
Trade creditors 33,428 41,197
Bank loans and overdrafts 24,936 34,758
Other taxes and social security 29,642 11,248
Other creditors 3,036 900
Bounceback loan 5,887 6,280
Loan (unsecured) 6,000 6,000
Business credit cards 37,871 40,228
HP liability - 2,550
Directors' loan accounts 62,327 85,988
Amounts owed to parent undertaking 73,321 75,821
288,437 314,291
The bank overdraft and the bank loans are all secured by a directors personal guarantee.
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,715 16,704
Bounceback loan 36,597 39,175
Loan (unsecured) 4,250 10,250
45,562 66,129
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 13,047 14,055
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,704 26,025
Bank loans and overdrafts 25,035 34,857
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,989 9,321
Later than one year and not later than five years 4,715 16,704
16,704 26,025
16,704 26,025
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12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
13. Ultimate Controlling Party
The company's ultimate controlling party is Spike Transport Services Ltd by virtue of his ownership of 100% of the issued share capital in the company.
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