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Registered number: 04473325

The Holiday & Flight Centre Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024

Prepared By:
Victor Stewart
The White House
164 Bridge Road
Sarisbury Green, Southampton
Hampshire
SO31 7EH

The Holiday & Flight Centre Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
DIRECTORS
Roseann Ratter
James Ratter
REGISTERED OFFICE
The White House
164 Bridge Road
Southampton
Hampshire
SO31 7EH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04473325
ACCOUNTANTS
Victor Stewart
The White House
164 Bridge Road
Sarisbury Green, Southampton
Hampshire
SO31 7EH

The Holiday & Flight Centre Limited

ACCOUNTS
FOR THEYEARENDED31/10/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

The Holiday & Flight Centre Limited

BALANCE SHEET AT 31/10/2024
20242023
Notes££
FIXED ASSETS
Intangible assets25,4826,579
Tangible assets354,40725,699
59,88932,278
CURRENT ASSETS
Stock7,00025,050
Debtors52,050,3321,964,644
2,057,3321,989,694
CREDITORS: Amounts falling due within one year61,368,2861,394,104
NET CURRENT ASSETS689,046595,590
TOTAL ASSETS LESS CURRENT LIABILITIES748,935627,868
CREDITORS: Amounts falling due after more than one year764,14547,500
NET ASSETS684,790580,368
CAPITAL AND RESERVES
Called up share capital9100,003100,003
Profit and loss account584,787480,365
SHAREHOLDERS' FUNDS684,790580,368
For the year ending 31/10/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/02/2025 and signed on their behalf by
.............................
Roseann Ratter
Director

The Holiday & Flight Centre Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 25%
Commercial Vehicles 25%
Fixtures and Fittings 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

The Holiday & Flight Centre Limited

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/11/202310,96610,966
At 31/10/202410,96610,966
Depreciation
At 01/11/20234,3874,387
For the year1,0971,097
At 31/10/20245,4845,484
Net Book Amounts
At 31/10/20245,4825,482
At 31/10/20236,5796,579
3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsTotal
££££
Cost
At 01/11/202369,9022,79954,108126,809
Additions-44,050-44,050
At 31/10/202469,90246,84954,108170,859
Depreciation
At 01/11/202345,0482,64153,421101,110
For the year4,11911,05217115,342
At 31/10/202449,16713,69353,592116,452
Net Book Amounts
At 31/10/202420,73533,15651654,407
At 31/10/202324,85415868725,699
Included within the net book value of £54,407 (2023: £NIL) are assets held under hire purchase of £33,037 (2023: £NIL).
4. STOCK 20242023
££
Stock comprises:
Stock7,00025,050
7,00025,050

The Holiday & Flight Centre Limited

5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors2,042,1051,962,304
Prepayments8,2272,340
2,050,3321,964,644
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Corporation tax45,59151,427
VAT12,73211,721
PAYE2526,021
Directors current account276,768229,100
Bank loans and overdrafts135,674167,773
Bank Loan17,50030,000
Finance leases7,870-
Trade creditors732,692746,753
Other creditors138,000150,000
Accruals1,2071,309
1,368,2861,394,104
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr30,00047,500
Finance Leases >1yr34,145-
64,14547,500
8. EMPLOYEES
20242023
No.No.
Average number of employees1110

The Holiday & Flight Centre Limited

9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100000 Ordinary shares of £1 each100000100000
1 Non voting A shares of £1 each11
1 Non voting B shares of £1 each11
1 Non voting C shares of £1 each11
100,003100,003