Company Registration No. 06428912 (England and Wales)
Apple Travel Ltd
Unaudited accounts
for the year ended 30 April 2024
Apple Travel Ltd
Unaudited accounts
Contents
Apple Travel Ltd
Company Information
for the year ended 30 April 2024
Directors
Joel Sweeney
Samantha Sweeney
Secretary
Samantha Sweeney
Company Number
06428912 (England and Wales)
Registered Office
7 High Street
Windsor
Berkshire
SL4 1LD
England
Accountants
Blue Cube Accountants Limited
7 High Street
Windsor
SL4 1LD
Apple Travel Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
1,709,960
1,362,253
Cash at bank and in hand
362,242
113,578
Creditors: amounts falling due within one year
(759,794)
(445,935)
Net current assets
592,160
526,528
Total assets less current liabilities
2,302,120
1,888,781
Creditors: amounts falling due after more than one year
(511,315)
(165,601)
Provisions for liabilities
Deferred tax
(407,809)
(298,574)
Net assets
1,382,996
1,424,606
Called up share capital
110
110
Profit and loss account
1,382,886
1,424,496
Shareholders' funds
1,382,996
1,424,606
For the year ending 30 April 2024 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 28 January 2025 and were signed on its behalf by
Samantha Sweeney
Director
Company Registration No. 06428912
Apple Travel Ltd
Notes to the Accounts
for the year ended 30 April 2024
Apple Travel Ltd is a private company, limited by shares, registered in England and Wales, registration number 06428912. The registered office is 7 High Street, Windsor, Berkshire, SL4 1LD, England.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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 accounts are presented in £ sterling.
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 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:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
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 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.
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.
Apple Travel Ltd
Notes to the Accounts
for the year ended 30 April 2024
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.
3
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
12,069
2,796,249
17,915
2,826,233
Additions
8,117
741,450
4,332
753,899
Disposals
-
(242,500)
-
(242,500)
At 30 April 2024
20,186
3,295,199
22,247
3,337,632
At 1 May 2023
2,838
1,451,475
9,667
1,463,980
Charge for the year
2,291
381,555
1,698
385,544
On disposals
-
(221,852)
-
(221,852)
At 30 April 2024
5,129
1,611,178
11,365
1,627,672
At 30 April 2024
15,057
1,684,021
10,882
1,709,960
At 30 April 2023
9,231
1,344,774
8,248
1,362,253
3 vehicles which are now owned were impaired to £150,000 for each vehicle in 2022. Depreciation on these vehicles is £20,000 per year per vehicle until a net book value of £90,000 in 2025.
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
776,196
572,859
Amounts falling due within one year
Trade debtors
234,255
119,615
Amounts due from group undertakings etc.
714,973
704,537
Accrued income and prepayments
23,982
16,324
Apple Travel Ltd
Notes to the Accounts
for the year ended 30 April 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
145,420
77,513
Trade creditors
83,568
88,651
Taxes and social security
89,810
97,555
Other creditors
91,288
144,338
Loans from directors
8,698
24,378
6
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
498,815
143,101
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10 B shares of £1 each
10
10
The advances to the directors were £757,592 (2023 £287,743) for the year, all advances were repaid during the year.
9
Transactions with related parties
Within debtors is £714,973 (2023 - £704,537) owed to Apple Group Limited which is a company owned and controlled by the directors and is the parent company.
Rent of £105,000 (2023 - £105,000) was paid to Apple Group Limited during the year.
The parent undertaking is Apple Group Limited, whose registered office address is 7 High Street, Windsor, Berkshire, United Kingdom, SL4 1LD.
11
Average number of employees
During the year the average number of employees was 19 (2023: 16).