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REGISTERED NUMBER: 08206115 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

ARCHWAY TRAVEL LIMITED

ARCHWAY TRAVEL LIMITED (REGISTERED NUMBER: 08206115)

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


ARCHWAY TRAVEL LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: S M Archer





REGISTERED OFFICE: Archway House
Copse Road
Fleetwood
Lancashire
FY7 7NY





REGISTERED NUMBER: 08206115 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB

ARCHWAY TRAVEL LIMITED (REGISTERED NUMBER: 08206115)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 10,500 17,500
Tangible assets 6 1,467,800 625,003
1,478,300 642,503

CURRENT ASSETS
Stocks 7 12,004 12,004
Debtors 8 274,761 132,457
Cash at bank 14,004 73,619
300,769 218,080
CREDITORS
Amounts falling due within one year 9 368,054 126,113
NET CURRENT (LIABILITIES)/ASSETS (67,285 ) 91,967
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,411,015

734,470

CREDITORS
Amounts falling due after more than one
year

10

(916,024

)

(441,022

)

PROVISIONS FOR LIABILITIES (84,510 ) (37,125 )
NET ASSETS 410,481 256,323

CAPITAL AND RESERVES
Called up share capital 12 3 3
Retained earnings 13 410,478 256,320
SHAREHOLDERS' FUNDS 410,481 256,323

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.

ARCHWAY TRAVEL LIMITED (REGISTERED NUMBER: 08206115)

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 30 January 2025 and were signed by:





S M Archer - Director


ARCHWAY TRAVEL LIMITED (REGISTERED NUMBER: 08206115)

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


1. STATUTORY INFORMATION

Archway Travel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Income recognition
Income is recognised when goods and services have been delivered to/provided for customers such that the risks and rewards of ownership have transferred to them, net of VAT and trade discounts.

Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated useful economic life of 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development costs are being amortised evenly over their estimated useful economic life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 5% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks have been valued at the lower of cost and estimated selling price, less costs to sell. In respect of work in progress and finished goods, cost included a relevant proportion of overheads according to the stage of completion.


ARCHWAY TRAVEL LIMITED (REGISTERED NUMBER: 08206115)

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


3. ACCOUNTING POLICIES - continued
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.

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.

Hire purchase and leasing commitments
Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other intangible assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 19 ) .

ARCHWAY TRAVEL LIMITED (REGISTERED NUMBER: 08206115)

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


5. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 70,000 280 70,280
AMORTISATION
At 1 May 2023 52,500 280 52,780
Charge for year 7,000 - 7,000
At 30 April 2024 59,500 280 59,780
NET BOOK VALUE
At 30 April 2024 10,500 - 10,500
At 30 April 2023 17,500 - 17,500

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 704,221
Additions 938,897
Disposals (45,000 )
At 30 April 2024 1,598,118
DEPRECIATION
At 1 May 2023 79,218
Charge for year 59,447
Eliminated on disposal (8,347 )
At 30 April 2024 130,318
NET BOOK VALUE
At 30 April 2024 1,467,800
At 30 April 2023 625,003

ARCHWAY TRAVEL LIMITED (REGISTERED NUMBER: 08206115)

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


6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 477,367
Additions 872,345
Disposals (45,000 )
At 30 April 2024 1,304,712
DEPRECIATION
At 1 May 2023 42,809
Charge for year 47,115
Eliminated on disposal (8,347 )
At 30 April 2024 81,577
NET BOOK VALUE
At 30 April 2024 1,223,135
At 30 April 2023 434,558

7. STOCKS
30.4.24 30.4.23
£    £   
Stocks 8,936 8,936
Work-in-progress 3,068 3,068
12,004 12,004

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 95,897 44,330
Other debtors 178,864 88,127
274,761 132,457

ARCHWAY TRAVEL LIMITED (REGISTERED NUMBER: 08206115)

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


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 71,353 10,000
Hire purchase contracts 241,274 88,943
Trade creditors 47,412 18,186
Taxation and social security 5,859 5,955
Other creditors 2,156 3,029
368,054 126,113

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 10,833 20,833
Hire purchase contracts 665,879 171,126
Other creditors 239,312 249,063
916,024 441,022

11. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 907,153 260,069

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1 3 3

13. RESERVES
Retained
earnings
£   

At 1 May 2023 256,320
Profit for the year 154,158
At 30 April 2024 410,478

14. ULTIMATE CONTROLLING PARTY

The controlling party is S M Archer.