IRIS Accounts Production v24.3.2.46 07491353 Board of Directors 1.12.23 30.11.24 30.11.24 false true false false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074913532023-11-30074913532024-11-30074913532023-12-012024-11-30074913532022-11-30074913532022-12-012023-11-30074913532023-11-3007491353ns15:EnglandWales2023-12-012024-11-3007491353ns14:PoundSterling2023-12-012024-11-3007491353ns10:Director12023-12-012024-11-3007491353ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3007491353ns10:SmallEntities2023-12-012024-11-3007491353ns10:AuditExemptWithAccountantsReport2023-12-012024-11-3007491353ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3007491353ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3007491353ns10:AbridgedAccounts2023-12-012024-11-300749135312023-12-012024-11-3007491353ns10:OrdinaryShareClass12023-12-012024-11-30074913531ns10:OrdinaryShareClass12023-12-012024-11-3007491353ns10:Director22023-12-012024-11-3007491353ns10:CompanySecretary12023-12-012024-11-3007491353ns10:RegisteredOffice2023-12-012024-11-3007491353ns5:CurrentFinancialInstruments2024-11-3007491353ns5:CurrentFinancialInstruments2023-11-3007491353ns5:Non-currentFinancialInstruments2024-11-3007491353ns5:Non-currentFinancialInstruments2023-11-3007491353ns5:ShareCapital2024-11-3007491353ns5:ShareCapital2023-11-3007491353ns5:RetainedEarningsAccumulatedLosses2024-11-3007491353ns5:RetainedEarningsAccumulatedLosses2023-11-3007491353ns5:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-3007491353ns5:ComputerSoftware2023-12-012024-11-3007491353ns5:PlantMachinery2023-12-012024-11-3007491353ns5:IntangibleAssetsOtherThanGoodwill2023-11-3007491353ns5:IntangibleAssetsOtherThanGoodwill2024-11-3007491353ns5:IntangibleAssetsOtherThanGoodwill2023-11-3007491353ns5:PlantMachinery2023-11-3007491353ns5:MotorVehicles2023-11-3007491353ns5:MotorVehicles2023-12-012024-11-3007491353ns5:PlantMachinery2024-11-3007491353ns5:MotorVehicles2024-11-3007491353ns5:PlantMachinery2023-11-3007491353ns5:MotorVehicles2023-11-3007491353ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3007491353ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3007491353ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-11-3007491353ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-11-3007491353ns5:Non-currentFinancialInstruments2023-12-012024-11-3007491353ns10:OrdinaryShareClass12024-11-3007491353ns5:RetainedEarningsAccumulatedLosses2023-11-3007491353ns5:RetainedEarningsAccumulatedLosses2023-12-012024-11-30
REGISTERED NUMBER: 07491353 (England and Wales)


All Year Cyprus Travel UK Limited

Abridged Unaudited Financial Statements

for the Year Ended 30 November 2024






All Year Cyprus Travel UK Limited (Registered number: 07491353)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


All Year Cyprus Travel UK Limited

Company Information
for the year ended 30 November 2024







DIRECTORS: Mr E Kilim
Mr O Tutuncim





SECRETARY: Mrs S Beyoglu





REGISTERED OFFICE: 239-241 Kennington Lane
London
SE11 5QU





REGISTERED NUMBER: 07491353 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
All Year Cyprus Travel UK Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of All Year Cyprus Travel UK Limited for the year ended 30 November 2024 which comprise the Abridged Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of All Year Cyprus Travel UK Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of All Year Cyprus Travel UK Limited and state those matters that we have agreed to state to the Board of Directors of All Year Cyprus Travel UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than All Year Cyprus Travel UK Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that All Year Cyprus Travel UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of All Year Cyprus Travel UK Limited. You consider that All Year Cyprus Travel UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of All Year Cyprus Travel UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


1 February 2025

All Year Cyprus Travel UK Limited (Registered number: 07491353)

Statement of Financial Position
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,679 2,239
Property, plant and equipment 5 19,890 25,080
21,569 27,319

CURRENT ASSETS
Debtors 6 557,039 1,099
Cash at bank and in hand 2,810 6,534
559,849 7,633
CREDITORS
Amounts falling due within one year 7 484,084 62,269
NET CURRENT ASSETS/(LIABILITIES) 75,765 (54,636 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,334

(27,317

)

CREDITORS
Amounts falling due after more than one
year

8

54,777

30,192
NET ASSETS/(LIABILITIES) 42,557 (57,509 )

CAPITAL AND RESERVES
Called up share capital 9 30,100 100
Retained earnings 10 12,457 (57,609 )
SHAREHOLDERS' FUNDS 42,557 (57,509 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All Year Cyprus Travel UK Limited (Registered number: 07491353)

Statement of Financial Position - continued
30 November 2024


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

All the members have consented to the preparation of an abridged Income Statement for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 February 2025 and were signed on its behalf by:





Mr E Kilim - Director


All Year Cyprus Travel UK Limited (Registered number: 07491353)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

All Year Cyprus Travel UK 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. ACCOUNTING POLICIES

Basis of preparing the financial statements

Turnover
Turnover is derived from the ordinary activities of the company and represents the sale of flights and accommodation net of VAT and trade discounts. Income is recognised by travel date.

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.

Computer software 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 - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

All Year Cyprus Travel UK Limited (Registered number: 07491353)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2023
and 30 November 2024 8,457
AMORTISATION
At 1 December 2023 6,218
Charge for year 560
At 30 November 2024 6,778
NET BOOK VALUE
At 30 November 2024 1,679
At 30 November 2023 2,239

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 10,999 27,000 37,999
DEPRECIATION
At 1 December 2023 7,519 5,400 12,919
Charge for year 870 4,320 5,190
At 30 November 2024 8,389 9,720 18,109
NET BOOK VALUE
At 30 November 2024 2,610 17,280 19,890
At 30 November 2023 3,480 21,600 25,080

All Year Cyprus Travel UK Limited (Registered number: 07491353)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 506,932 998
Other debtors 107 101
507,039 1,099

Amounts falling due after more than one year:
Other debtors 50,000 -

Aggregate amounts 557,039 1,099

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,195 5,796
Trade creditors 401,095 3,057
Taxation and social security 400 905
Other creditors 76,394 52,511
484,084 62,269

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 24,777 30,192
Other creditors 30,000 -
54,777 30,192

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,421 7,008

Included in creditors amounts falling due after more than one year was a loan sub-ordinated by Mr O Tutuncim, the director, in favour of Civil Aviation Authority. This amount is not to be repaid to Mr O Tutuncim without Civil Aviation Authority's consent.

All Year Cyprus Travel UK Limited (Registered number: 07491353)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
30,100 Ordinary £1.00 30,100 100

30,000 Ordinary shares of £1.00 each were allotted and fully paid for cash at par during the year.

10. RESERVES
Retained
earnings
£   

At 1 December 2023 (57,609 )
Profit for the year 70,066
At 30 November 2024 12,457