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REGISTERED NUMBER: 08895572 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Kipling Tours Limited

Kipling Tours Limited (Registered number: 08895572)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kipling Tours Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A M Broom
P G Sheridan
Mrs H Parrott





REGISTERED OFFICE: Salcombe House
Long Street
Sherborne
Dorset
DT9 3BU





REGISTERED NUMBER: 08895572 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Kipling Tours Limited (Registered number: 08895572)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,215 12,093
Tangible assets 5 6,870 6,103
10,085 18,196

CURRENT ASSETS
Debtors 6 1,175,693 960,577
Cash at bank and in hand 2,395,919 2,118,812
3,571,612 3,079,389
CREDITORS
Amounts falling due within one year 7 2,418,790 2,287,792
NET CURRENT ASSETS 1,152,822 791,597
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,162,907

809,793

CREDITORS
Amounts falling due after more than one
year

8

(169,084

)

(176,433

)

PROVISIONS FOR LIABILITIES - (3,270 )
NET ASSETS 993,823 630,090

CAPITAL AND RESERVES
Called up share capital 9 9,000 9,000
Capital redemption reserve 21,000 21,000
Retained earnings 963,823 600,090
SHAREHOLDERS' FUNDS 993,823 630,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:



A M Broom - Director


Kipling Tours Limited (Registered number: 08895572)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Kipling Tours 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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by certain financial instruments at fair value.

Turnover
Turnover represents the invoiced value, excluding Value Added Tax, of services provided to customers. Turnover is recognised on tours at the date of departure. Turnover includes non-refundable deposits which are retained in the event of a tour being cancelled.

Website cost
Website costs, being the amount paid in connection with setting up the company's website, are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Financial instruments
i) Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently measured at amortised cost.

At the balance sheet date financial assets are assessed for evidence of impairment. If an asset is impaired the impairment loss is recognised in the income statement.

ii) Financial liabilities
Basic financial liabilities, including trade and other payables and loans, are initially recognised at transaction price and subsequently measured at amortised cost.

The company does not have any complex financial instruments.

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.

Kipling Tours Limited (Registered number: 08895572)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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.

Tour costs in advance
Turnover in relation to tours is recognised on the date of departure. Accordingly tour costs incurred in advance are shown as tour expenses in advance and included within debtors on the balance sheet until the tour departure date.

Other operating income
Other operating income, which includes government grants, is recognised on receipt, or when any conditions associated with the grant are met.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 44,390
AMORTISATION
At 1 September 2023 32,297
Charge for year 8,878
At 31 August 2024 41,175
NET BOOK VALUE
At 31 August 2024 3,215
At 31 August 2023 12,093

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 3,996 17,451 21,447
Additions 801 2,342 3,143
At 31 August 2024 4,797 19,793 24,590
DEPRECIATION
At 1 September 2023 969 14,375 15,344
Charge for year 616 1,760 2,376
At 31 August 2024 1,585 16,135 17,720
NET BOOK VALUE
At 31 August 2024 3,212 3,658 6,870
At 31 August 2023 3,027 3,076 6,103

Kipling Tours Limited (Registered number: 08895572)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 236,483 221,878
Other debtor 9,291 11,893
Tour expenses in advance 831,934 564,502
Related party debtors 97,225 159,266
VAT - 1,949
Prepayments and accrued income 760 1,089
1,175,693 960,577

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 31,400 31,400
Customer deposits 32,499 22,496
Tax 148,497 84,056
Social security and other taxes 5,796 3,791
VAT 573 -
Other creditors 1,733 1,319
Tour income in advance 2,189,977 2,140,205
Accrued expenses 8,315 4,525
2,418,790 2,287,792

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 31,400 31,400
Bank loans - 2-5 years 23,550 54,950
Tour Income in advance >1 year 114,134 90,083
169,084 176,433

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
9,000 Ordinary Share £1 9,000 9,000

10. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity;

Included within debtors is a loan to Kipling Tours Inc, a company under common control, for £97,225 (2023 £159,266)