Bradshaws Quality Travel Limited 12618489 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is operation of coaches for passenger travel Digita Accounts Production Advanced 6.30.9574.0 true true 12618489 2023-06-01 2024-05-31 12618489 2024-05-31 12618489 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-05-31 12618489 core:RetainedEarningsAccumulatedLosses 2024-05-31 12618489 core:ShareCapital 2024-05-31 12618489 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-05-31 12618489 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-05-31 12618489 core:CurrentFinancialInstruments 2024-05-31 12618489 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 12618489 core:Non-currentFinancialInstruments 2024-05-31 12618489 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 12618489 core:MotorVehicles 2024-05-31 12618489 core:OtherPropertyPlantEquipment 2024-05-31 12618489 bus:SmallEntities 2023-06-01 2024-05-31 12618489 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 12618489 bus:FilletedAccounts 2023-06-01 2024-05-31 12618489 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12618489 bus:RegisteredOffice 2023-06-01 2024-05-31 12618489 bus:Director1 2023-06-01 2024-05-31 12618489 bus:Director2 2023-06-01 2024-05-31 12618489 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-06-01 2024-05-31 12618489 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12618489 bus:Agent1 2023-06-01 2024-05-31 12618489 core:MotorVehicles 2023-06-01 2024-05-31 12618489 core:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 12618489 core:PlantMachinery 2023-06-01 2024-05-31 12618489 countries:AllCountries 2023-06-01 2024-05-31 12618489 2023-05-31 12618489 core:MotorVehicles 2023-05-31 12618489 core:OtherPropertyPlantEquipment 2023-05-31 12618489 2022-06-01 2023-05-31 12618489 2023-05-31 12618489 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-05-31 12618489 core:RetainedEarningsAccumulatedLosses 2023-05-31 12618489 core:ShareCapital 2023-05-31 12618489 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-05-31 12618489 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-05-31 12618489 core:CurrentFinancialInstruments 2023-05-31 12618489 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 12618489 core:Non-currentFinancialInstruments 2023-05-31 12618489 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 12618489 core:MotorVehicles 2023-05-31 12618489 core:OtherPropertyPlantEquipment 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12618489

Bradshaws Quality Travel Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Bradshaws Quality Travel Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Bradshaws Quality Travel Limited

Company Information

Directors

Miss S J Swift

Mr J W Swift

Registered office

46 Highcroft Avenue
Bispham
Blackpool
Lancashire
FY2 0BJ

Accountants

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Bradshaws Quality Travel Limited
for the Year Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bradshaws Quality Travel Limited for the year ended 31 May 2024 as set out on pages 3 to 10 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 at
http://www.icaew.com/regulation.

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

It is your duty to ensure that Bradshaws Quality Travel Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Bradshaws Quality Travel Limited. You consider that Bradshaws Quality Travel 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 accounts of Bradshaws Quality Travel 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 accounts.

......................................

Crossley & Davis Chartered Accountants
Ground Floor, Seneca House
Links Point, Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

26 February 2025

 

Bradshaws Quality Travel Limited

(Registration number: 12618489)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

156,394

187,072

Current assets

 

Stocks

5

1,000

807

Debtors

6

45,862

47,661

Cash at bank and in hand

 

52,096

54,956

 

98,958

103,424

Creditors: Amounts falling due within one year

7

(112,217)

(80,666)

Net current (liabilities)/assets

 

(13,259)

22,758

Total assets less current liabilities

 

143,135

209,830

Creditors: Amounts falling due after more than one year

7

(92,000)

(142,375)

Provisions for liabilities

(5,563)

(9,263)

Net assets

 

45,572

58,192

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

45,570

58,190

Shareholders' funds

 

45,572

58,192

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Bradshaws Quality Travel Limited

(Registration number: 12618489)
Balance Sheet as at 31 May 2024

Approved and authorised by the Board on 26 February 2025 and signed on its behalf by:
 

.........................................
Mr J W Swift
Director

 

Bradshaws Quality Travel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
46 Highcroft Avenue
Bispham
Blackpool
Lancashire
FY2 0BJ
England

These financial statements were authorised for issue by the Board on 26 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Bradshaws Quality Travel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

18% Straight line

Plant & Machinery

18% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Bradshaws Quality Travel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Bradshaws Quality Travel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

4

Tangible assets

Motor vehicles
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

300,416

15,411

315,827

Additions

21,067

291

21,358

Disposals

(2,083)

-

(2,083)

At 31 May 2024

319,400

15,702

335,102

Depreciation

At 1 June 2023

122,671

6,084

128,755

Charge for the year

49,346

1,732

51,078

Eliminated on disposal

(1,125)

-

(1,125)

At 31 May 2024

170,892

7,816

178,708

Carrying amount

At 31 May 2024

148,508

7,886

156,394

At 31 May 2023

177,745

9,327

187,072

 

Bradshaws Quality Travel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

5

Stocks

2024
£

2023
£

Raw materials and consumables

1,000

807

6

Debtors

Current

2024
£

2023
£

Trade debtors

36,544

45,107

Other debtors

9,318

2,554

 

45,862

47,661

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

50,375

50,375

Trade creditors

 

7,788

5,356

Taxation and social security

 

2,296

1,488

Other creditors

 

51,758

23,447

 

112,217

80,666

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

92,000

142,375

 

Bradshaws Quality Travel Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

60,020

110,395

Other borrowings

31,980

31,980

92,000

142,375

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

50,375

50,375

10

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

68,300

55,594