IRIS Accounts Production v24.3.2.46 06665149 director 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh066651492023-04-30066651492024-04-30066651492023-05-012024-04-30066651492022-04-30066651492022-05-012023-04-30066651492023-04-3006665149ns15:EnglandWales2023-05-012024-04-3006665149ns14:PoundSterling2023-05-012024-04-3006665149ns10:Director12023-05-012024-04-3006665149ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3006665149ns10:SmallEntities2023-05-012024-04-3006665149ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3006665149ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3006665149ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3006665149ns10:FullAccounts2023-05-012024-04-300666514912023-05-012024-04-3006665149ns10:RegisteredOffice2023-05-012024-04-3006665149ns5:CurrentFinancialInstruments2024-04-3006665149ns5:CurrentFinancialInstruments2023-04-3006665149ns5:Non-currentFinancialInstruments2024-04-3006665149ns5:Non-currentFinancialInstruments2023-04-3006665149ns5:ShareCapital2024-04-3006665149ns5:ShareCapital2023-04-3006665149ns5:RetainedEarningsAccumulatedLosses2024-04-3006665149ns5:RetainedEarningsAccumulatedLosses2023-04-3006665149ns5:NetGoodwill2023-05-012024-04-3006665149ns5:PlantMachinery2023-05-012024-04-3006665149ns5:NetGoodwill2023-04-3006665149ns5:NetGoodwill2024-04-3006665149ns5:NetGoodwill2023-04-3006665149ns5:PlantMachinery2023-04-3006665149ns5:PlantMachinery2024-04-3006665149ns5:PlantMachinery2023-04-3006665149ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3006665149ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 06665149 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ISL TRAVEL LIMITED

ISL TRAVEL LIMITED (REGISTERED NUMBER: 06665149)

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


ISL TRAVEL LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: D J Coates





REGISTERED OFFICE: 2 Sidings Court
Old Bridge Road
Hornsea
East Yorkshire
HU18 1RP





REGISTERED NUMBER: 06665149 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

ISL TRAVEL LIMITED (REGISTERED NUMBER: 06665149)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 367
Tangible assets 5 1,002 2,424
1,002 2,791

CURRENT ASSETS
Debtors 6 17,256 12,520
Cash at bank 83,491 90,552
100,747 103,072
CREDITORS
Amounts falling due within one year 7 27,665 29,578
NET CURRENT ASSETS 73,082 73,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,084

76,285

CREDITORS
Amounts falling due after more than one year 8 (32,753 ) (32,753 )

PROVISIONS FOR LIABILITIES (921 ) (686 )
NET ASSETS 40,410 42,846

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 39,410 41,846
SHAREHOLDERS' FUNDS 40,410 42,846

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 director acknowledges his 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.

ISL TRAVEL LIMITED (REGISTERED NUMBER: 06665149)

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 director and authorised for issue on 27 January 2025 and were signed by:





D J Coates - Director


ISL TRAVEL LIMITED (REGISTERED NUMBER: 06665149)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

ISL Travel Limited is a private company, limited by shares, incorporated and domiciled in England. It has it's registered office and principle place of business at 2 Sidings Court, Old Bridge Road, Hornsea, East Yorkshire, HU18 1RP.

The principle activity of the company is that of independent specialist ski travel agency and tour operator.

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the service, have been transferred to the customer.

Goodwill
Goodwill is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.


ISL TRAVEL LIMITED (REGISTERED NUMBER: 06665149)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 10,000
AMORTISATION
At 1 May 2023 9,633
Charge for year 367
At 30 April 2024 10,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 367

ISL TRAVEL LIMITED (REGISTERED NUMBER: 06665149)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 18,122
DEPRECIATION
At 1 May 2023 15,698
Charge for year 1,422
At 30 April 2024 17,120
NET BOOK VALUE
At 30 April 2024 1,002
At 30 April 2023 2,424

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,256 7,242
Other debtors - 5,278
17,256 12,520

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,732 13,314
Trade creditors 5,852 4,994
Taxation and social security 2,440 5,104
Other creditors 11,641 6,166
27,665 29,578

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 32,753 32,753

ISL TRAVEL LIMITED (REGISTERED NUMBER: 06665149)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024


9. RELATED PARTY DISCLOSURES

The director Mr D J Coates maintains a current account with the company.

At the balance sheet date, the company owed the director £6,262 (2023: £2,717).

The current account is repayable on demand and carries no rights to interest.