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REGISTERED NUMBER: 01398188 (England and Wales)














Financial Statements

for the Year Ended 30 April 2024

for

Leons Coach Travel (Stafford) Limited

Leons Coach Travel (Stafford) Limited (Registered number: 01398188)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Leons Coach Travel (Stafford) Limited (Registered number: 01398188)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,181 16,919

CURRENT ASSETS
Debtors 5 1,990,072 2,396,632
Cash at bank and in hand 664,248 292,892
2,654,320 2,689,524
CREDITORS
Amounts falling due within one year 6 190,781 328,357
NET CURRENT ASSETS 2,463,539 2,361,167
TOTAL ASSETS LESS CURRENT LIABILITIES 2,477,720 2,378,086

PROVISIONS FOR LIABILITIES 2,084 2,450
NET ASSETS 2,475,636 2,375,636

CAPITAL AND RESERVES
Called up share capital 93,774 93,774
Retained earnings 2,381,862 2,281,862
SHAREHOLDERS' FUNDS 2,475,636 2,375,636

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





M Cooper - Director


Leons Coach Travel (Stafford) Limited (Registered number: 01398188)

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

1. STATUTORY INFORMATION

Leons Coach Travel (Stafford) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01398188

Registered office: Paton Drive
Tollgate Park
Beaconside
Stafford
Staffordshire
ST16 3EF

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 have been consistently applied within these accounts.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved and therefore the financial statements have been prepared on a going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the services supplied.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their expected useful lives on the following basis:

Plant and machinery - 12.5% on reducing balance
Computer equipment- 33.3% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Leons Coach Travel (Stafford) Limited (Registered number: 01398188)

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

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 34 (2023 - 34 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023 35,218
Additions 500
At 30 April 2024 35,718
DEPRECIATION
At 1 May 2023 18,299
Charge for year 3,238
At 30 April 2024 21,537
NET BOOK VALUE
At 30 April 2024 14,181
At 30 April 2023 16,919

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 270,408 367,440
Amounts owed by group undertakings 1,313,630 1,632,119
Other debtors 406,034 397,073
1,990,072 2,396,632

Leons Coach Travel (Stafford) Limited (Registered number: 01398188)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 100,115 97,529
Taxation and social security 77,905 210,063
Other creditors 12,761 20,765
190,781 328,357

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Bostock BA BFP FCA (Senior Statutory Auditor)
for and on behalf of Thompson Wright Limited

8. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £16,260 (2023: £13,130). These financial commitments represents the total amount of payments remaining on leases ending on or before 2025.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Leons Travel Group Limited.

10. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements