Company registration number 05280591 (England and Wales)
EMPEROR TOURS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
EMPEROR TOURS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
EMPEROR TOURS LIMITED (REGISTERED NUMBER: 05280591)
BALANCE SHEET
AS AT 31 MAY 2024
31 May 2024
- 1 -
31 May 2024
31 March 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,196
869
Current assets
Debtors
4
67,512
74,753
Cash at bank and in hand
5,011
98,865
72,523
173,618
Creditors: amounts falling due within one year
5
(125,746)
(202,149)
Net current liabilities
(53,223)
(28,531)
Total assets less current liabilities
(52,027)
(27,662)
Creditors: amounts falling due after more than one year
6
(79,212)
(86,604)
Net liabilities
(131,239)
(114,266)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(131,241)
(114,268)
Total equity
(131,239)
(114,266)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

EMPEROR TOURS LIMITED (REGISTERED NUMBER: 05280591)
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024
31 May 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 27 September 2024
Mrs L Todd
Director
EMPEROR TOURS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
1
Accounting policies
Company information

Emperor Tours Limited is a private company limited by shares incorporated in England and Wales. The registered office is Emperor House, Colliers Green, Cranbrook, Kent, TN17 2LS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

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

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.5
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

EMPEROR TOURS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 April 2023
11,288
Additions
613
At 31 May 2024
11,901
Depreciation and impairment
At 1 April 2023
10,419
Depreciation charged in the year
286
At 31 May 2024
10,705
Carrying amount
At 31 May 2024
1,196
At 31 March 2023
869
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
8,290
-
0
Other debtors
59,222
74,753
67,512
74,753
EMPEROR TOURS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
23,004
18,051
Taxation and social security
3,441
2,089
Other creditors
99,301
182,009
125,746
202,149
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
32,212
39,604
Other creditors
47,000
47,000
79,212
86,604

Included within creditors due after more than one year is a loan of £47,000 subordinated in favour of the Civil Aviation Authority. This balance is included in other creditors.

Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable by instalments
-
7,921
7
Financial commitments, guarantees and contingent liabilities

During 2021 the company borrowed £50,000 from its bankers for a Bounce Back Loan. As part of this loan scheme the UK government guaranteed the advance and paid the interest and fees due for the first 12 months. As at 31 March 2024 the balance outstanding on this loan was £38,548.

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