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REGISTERED NUMBER: 05769205 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 October 2024

for

M Stuart Travel Limited

M Stuart Travel Limited (Registered number: 05769205)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


M Stuart Travel Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mrs A E Baynham





REGISTERED OFFICE: St Davids House
St Davids Road South
St Annes on Sea
Lancashire
FY8 1TJ





REGISTERED NUMBER: 05769205 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

M Stuart Travel Limited (Registered number: 05769205)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,200 -
1,200 -

CURRENT ASSETS
Debtors 6 98,541 87,812
Cash at bank 167,276 158,184
265,817 245,996
CREDITORS
Amounts falling due within one year 7 158,249 139,630
NET CURRENT ASSETS 107,568 106,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,768

106,366

CREDITORS
Amounts falling due after more than one
year

8

(34,831

)

(42,065

)

PROVISIONS FOR LIABILITIES (240 ) -
NET ASSETS 73,697 64,301

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Retained earnings 13,697 4,301
SHAREHOLDERS' FUNDS 73,697 64,301

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

M Stuart Travel Limited (Registered number: 05769205)

Statement of Financial Position - continued
31 October 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





Mrs A E Baynham - Director


M Stuart Travel Limited (Registered number: 05769205)

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


1. STATUTORY INFORMATION

M Stuart Travel 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net commissions received, excluding value added tax

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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.

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 cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

M Stuart Travel Limited (Registered number: 05769205)

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


3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 7,633
AMORTISATION
At 1 November 2023
and 31 October 2024 7,633
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 2,125 10,197 12,322
Additions - 1,500 1,500
At 31 October 2024 2,125 11,697 13,822
DEPRECIATION
At 1 November 2023 2,125 10,197 12,322
Charge for year - 300 300
At 31 October 2024 2,125 10,497 12,622
NET BOOK VALUE
At 31 October 2024 - 1,200 1,200
At 31 October 2023 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 78,558 60,971
Other debtors 6,346 7,268
Directors' loan accounts 13,364 19,245
Prepayments 273 328
98,541 87,812

M Stuart Travel Limited (Registered number: 05769205)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 129,961 111,824
Tax 11,532 14,179
Social security and other taxes 228 245
Pension control account 107 74
VAT 8,380 5,367
Accrued expenses 2,485 2,385
158,249 139,630

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,667 16,667
Bank loans more 5 yr by instal 12,608 19,842
34,831 42,065

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,608 19,842

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.24 31.10.23
£    £   
Within one year 10,467 10,467
Between one and five years 27,912 38,379
38,379 48,846

10. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bounce back loan 40,386 48,362

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS)