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Unaudited Financial Statements for the Year Ended 30 April 2024

for

LA Travel Edinburgh Ltd

LA Travel Edinburgh Ltd (Registered number: SC509952)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LA Travel Edinburgh Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs L Sutherland
A P Sutherland





REGISTERED OFFICE: 2 Melville Street
Falkirk
FK1 1HZ





REGISTERED NUMBER: SC509952 (Scotland)





ACCOUNTANTS: Ian Macfarlane Limited
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

LA Travel Edinburgh Ltd (Registered number: SC509952)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 746,589 578,093

CURRENT ASSETS
Debtors 5 116,372 57,107
Cash at bank 143,016 174,419
259,388 231,526
CREDITORS
Amounts falling due within one year 6 310,768 256,542
NET CURRENT LIABILITIES (51,380 ) (25,016 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

695,209

553,077

CREDITORS
Amounts falling due after more than one year 7 327,207 433,749
NET ASSETS 368,002 119,328

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 367,902 119,228
SHAREHOLDERS' FUNDS 368,002 119,328

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.

LA Travel Edinburgh Ltd (Registered number: SC509952)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





A P Sutherland - Director


LA Travel Edinburgh Ltd (Registered number: SC509952)

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

1. STATUTORY INFORMATION

LA Travel Edinburgh Ltd is a private company, limited by shares , registered in Scotland. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

LA Travel Edinburgh Ltd (Registered number: SC509952)

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

2. ACCOUNTING POLICIES - continued

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 14 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 1,169,593
Additions 361,134
Disposals (242,652 )
At 30 April 2024 1,288,075
DEPRECIATION
At 1 May 2023 591,500
Charge for year 106,088
Eliminated on disposal (156,102 )
At 30 April 2024 541,486
NET BOOK VALUE
At 30 April 2024 746,589
At 30 April 2023 578,093

LA Travel Edinburgh Ltd (Registered number: SC509952)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 762,313
Additions 273,955
Transfer to ownership (259,615 )
At 30 April 2024 776,653
DEPRECIATION
At 1 May 2023 358,443
Charge for year 66,554
Transfer to ownership (165,683 )
At 30 April 2024 259,314
NET BOOK VALUE
At 30 April 2024 517,339
At 30 April 2023 403,870

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 68,198 57,107
Other debtors 48,174 -
116,372 57,107

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 22,000 22,000
Hire purchase contracts 162,582 96,975
Trade creditors 6,002 24
Taxation and social security 26,994 30,235
Other creditors 93,190 107,308
310,768 256,542

LA Travel Edinburgh Ltd (Registered number: SC509952)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 22,001 44,000
Hire purchase contracts 245,206 269,749
Other creditors 60,000 120,000
327,207 433,749

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 44,001 66,000
Hire purchase contracts 407,788 366,724
451,789 432,724

The bank loan facility to the company is supported with a partial guarantee by the Secretary of State for Business, Energy and Industrial Strategy under the Coronavirus Business Interruption Loan Scheme. The Royal Bank of Scotland has taken a bond and floating charge over the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
80 Ordinary A £1 80 80
20 Ordinary B £1 20 20
100 100

10. RELATED PARTY DISCLOSURES

The company was under the control of it's directors Mrs L Sutherland and Mr A Sutherland during the year.

The company was due £41,466 (2023 - £65,825) to AAA Coaches Ltd, a company Mrs L Sutherland is also a director of as at the year end..

The company purchased goods and services from AAA Coaches Ltd amounting to £186,706 (2023 - £197,062) during the year and sold AAA Coaches Ltd goods and services totalling £497,760 (2023 - £240,000l).