Company Registration No. 04582311 (England and Wales)
Dave New Tours Limited
Unaudited accounts
for the year ended 31 December 2024
Dave New Tours Limited
Unaudited accounts
Contents
Dave New Tours Limited
Company Information
for the year ended 31 December 2024
Directors
Dave New
Christine New
Company Number
04582311 (England and Wales)
Registered Office
Dave New Tours Ltd
3 Lakes Parade Ennerdale Drive
Barrow-in-Furness
Cumbria
LA14 4PR
England
Accountants
EHA Accountancy Ltd
2 Lower Brook Street
Ulverston
Cumbria
LA12 7EE
Dave New Tours Limited
Statement of financial position
as at 31 December 2024
Tangible assets
2,112
2,816
Investments
189,255
130,033
Cash at bank and in hand
97,962
104,525
Creditors: amounts falling due within one year
(180,186)
(175,014)
Net current assets
154,513
171,555
Total assets less current liabilities
345,880
304,404
Creditors: amounts falling due after more than one year
(80,000)
(80,000)
Provisions for liabilities
Net assets
265,345
223,869
Called up share capital
100
100
Profit and loss account
265,245
223,769
Shareholders' funds
265,345
223,869
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by
Christine New
Director
Company Registration No. 04582311
Dave New Tours Limited
Notes to the Accounts
for the year ended 31 December 2024
Dave New Tours Limited is a private company, limited by shares, registered in England and Wales, registration number 04582311. The registered office is Dave New Tours Ltd, 3 Lakes Parade Ennerdale Drive, Barrow-in-Furness, Cumbria, LA14 4PR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments are included at fair value with changes in fair value being recognised in the income statement.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Dave New Tours Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
4,913
3,555
8,468
At 31 December 2024
4,913
3,555
8,468
At 1 January 2024
2,097
3,555
5,652
Charge for the year
704
-
704
At 31 December 2024
2,801
3,555
6,356
At 31 December 2024
2,112
-
2,112
At 31 December 2023
2,816
-
2,816
5
Investments
Other investments
Valuation at 1 January 2024
130,033
Fair value adjustments
9,222
Valuation at 31 December 2024
189,255
Amounts falling due within one year
Accrued income and prepayments
21,737
19,794
Other debtors
215,000
222,250
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
20,551
21,379
Loans from directors
55,615
37,864
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
80,000
80,000
Dave New Tours Limited
Notes to the Accounts
for the year ended 31 December 2024
9
Transactions with related parties
Included within creditors is an amount due to the director of £135,615 (2023:- £117,864) The balance was not overdrawn at any time during the current or previous years.
Included within direct costs is an amount of £182,010 (2023: £136,870) in respect of services provided at a market rate which was paid to Dave New Coach Travel Ltd. a related party by virtue of being under control of Mr & Mrs New.
During the year an existing loan to Dave New Coach Travel Ltd of £215,000 (2023: £215,000) is still outstanding at the period end. No interest has been charged in respect of this balance.
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).