Registered number
SC536403
Andy Gilhooly Travel Limited
Filleted Accounts
31 May 2024
Andy Gilhooly Travel Limited
Registered number: SC536403
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 3,620 4,836
Current assets
Debtors 5 12,336 5,525
Cash at bank and in hand 356 10,759
12,692 16,284
Creditors: amounts falling due within one year 6 (15,491) (20,146)
Net current liabilities (2,799) (3,862)
Net assets 821 974
Capital and reserves
Called up share capital 100 100
Profit and loss account 721 874
Shareholder's funds 821 974
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 member has 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.
Andrew Gilhooly
Director
Approved by the board on 4 July 2024
Andy Gilhooly Travel Limited
Notes to the Accounts
for the year ended 31 May 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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 25% SLM
Plant and machinery 20% SLM
Fixtures, fittings, tools and equipment 20% SLM
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 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 31,000
At 31 May 2024 31,000
Amortisation
At 1 June 2023 31,000
At 31 May 2024 31,000
Net book value
At 31 May 2024 -
4 Tangible fixed assets
Fixture & Fitting Plant and machinery etc Computer Equipment Total
£ £ £ £
Cost
At 1 June 2023 3,897 6,583 890 11,370
At 31 May 2024 3,897 6,583 890 11,370
Depreciation
At 1 June 2023 729 4,915 890 6,534
Charge for the year 882 334 - 1,216
At 31 May 2024 1,611 5,249 890 7,750
Net book value
At 31 May 2024 2,286 1,334 - 3,620
At 31 May 2023 3,168 1,668 - 4,836
5 Debtors 2024 2023
£ £
Director Loan Account 12,336 5,525
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 7,700 10,500
VAT 2,084 1,901
Taxation and social security costs 5,691 7,745
Other creditors 16 -
15,491 20,146
7 Other information
Andy Gilhooly Travel Limited is a private company limited by shares and incorporated in Scoland. Its registered office is:
2 Hamilton Road West
Edinburgh
Midlothian
EH151NR
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