Registered number
NI638165
Ireland Tours Ltd
Filleted Accounts
30 April 2024
Ireland Tours Ltd
Registered number: NI638165
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 4 45,600 51,300
Current assets
Cash at bank and in hand 1,180 746
Creditors: amounts falling due within one year 5 (9,126) (1,476)
Net current liabilities (7,946) (730)
Total assets less current liabilities 37,654 50,570
Creditors: amounts falling due after more than one year 6 (35,984) (41,716)
Net assets 1,670 8,854
Capital and reserves
Share premium 57,000 57,000
Profit and loss account (55,330) (48,146)
Shareholder's funds 1,670 8,854
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.
George Grimley
Director
Approved by the board on 8 January 2025
Ireland Tours Ltd
Notes to the Accounts
for the year ended 30 April 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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
4 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 57,000
At 30 April 2024 57,000
Amortisation
At 1 May 2023 5,700
Provided during the year 5,700
At 30 April 2024 11,400
Net book value
At 30 April 2024 45,600
At 30 April 2023 51,300
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 9,126 1,476
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 35,984 41,716
7 Other information
Ireland Tours Ltd is a private company limited by shares and incorporated in N.Ireland. Its registered office is:
Unit 14/15 Duncrue Industrial Estate
Belfast
Co Antrim
BT39BP
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