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Company Registration No. 11886727 (England and Wales)
Eric James Travel Services Ltd Unaudited accounts for the year ended 31 March 2023
Eric James Travel Services Ltd Unaudited accounts Contents
Page
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Eric James Travel Services Ltd Company Information for the year ended 31 March 2023
Directors
Alexander Hiscocks Eric Homer
Company Number
11886727 (England and Wales)
Registered Office
Unit 4b Westwinds Business Park Llangan Bridgend CF35 5DR
Accountants
Evans Entwistle Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Eric James Travel Services Ltd for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Eric James Travel Services Ltd for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH 26 September 2024
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Eric James Travel Services Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
177,610 
26,246 
Current assets
Debtors
55,524 
5,973 
Cash at bank and in hand
67 
12,999 
55,591 
18,972 
Creditors: amounts falling due within one year
(87,172)
(12,702)
Net current (liabilities)/assets
(31,581)
6,270 
Total assets less current liabilities
146,029 
32,516 
Creditors: amounts falling due after more than one year
(167,251)
(38,803)
Net liabilities
(21,222)
(6,287)
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
(21,422)
(6,487)
Shareholders' funds
(21,222)
(6,287)
For the year ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by
Alexander Hiscocks Director Company Registration No. 11886727
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Eric James Travel Services Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Eric James Travel Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 11886727. The registered office is Unit 4b Westwinds Business Park, Llangan, Bridgend, CF35 5DR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
48 months - straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Eric James Travel Services Ltd Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2022
34,995 
Additions
201,768 
Disposals
(32,000)
At 31 March 2023
204,763 
Depreciation
At 1 April 2022
8,749 
Charge for the year
18,404 
At 31 March 2023
27,153 
Net book value
At 31 March 2023
177,610 
At 31 March 2022
26,246 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
55,524 
5,973 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
11,478 
2,770 
Obligations under finance leases and hire purchase contracts
62,759 
8,055 
Taxes and social security
10,735 
77 
Accruals
2,200 
1,800 
87,172 
12,702 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,861 
3,067 
Obligations under finance leases and hire purchase contracts
106,243 
21,034 
Amounts owed to group undertakings and other participating interests
59,147 
- 
Other creditors
- 
13,000 
Loans from directors
- 
1,702 
167,251 
38,803 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200 
200 
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Eric James Travel Services Ltd Notes to the Accounts for the year ended 31 March 2023
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Alexander Hiscocks
Loan advance during the financial year
- 
4,887 
- 
4,887 
Eric Homer
Loan advance during the financial year
5,973 
20,719 
- 
26,692 
5,973 
25,606 
- 
31,579 
The balance represents an interest free loan that is repayable to the company upon demand.
10
Transactions with related parties
On 31 March 2022 the company was due £13,000 to Executive Cars (Wales) Ltd ( 08406601), a company under common control.
11
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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