Registered number
04204028
H - C Travel Limited
Filleted Accounts
30 September 2024
H - C Travel Limited
Registered number: 04204028
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,039 1,384
Current assets
Debtors 4 715,767 850,012
Cash at bank and in hand 252,099 261,948
967,866 1,111,960
Creditors: amounts falling due within one year 5 (896,340) (1,017,971)
Net current assets 71,526 93,989
Total assets less current liabilities 72,565 95,373
Creditors: amounts falling due after more than one year 6 (27,810) (32,769)
Net assets 44,755 62,604
Capital and reserves
Called up share capital 15,000 15,000
Profit and loss account 29,755 47,604
Shareholders' funds 44,755 62,604
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr David Grist
Director
Approved by the board on 24 March 2025
H - C Travel Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing balance
Fixtures, fittings, tools and equipment 25% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 49,011
At 30 September 2024 49,011
Depreciation
At 1 October 2023 47,627
Charge for the year 345
At 30 September 2024 47,972
Net book value
At 30 September 2024 1,039
At 30 September 2023 1,384
4 Debtors 2024 2023
£ £
Trade debtors 706,765 838,425
Other debtors 9,002 11,587
715,767 850,012
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,959 6,960
Trade creditors 585,492 631,735
Taxation and social security costs 3,987 (7,761)
Other creditors 300,902 387,037
896,340 1,017,971
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 27,810 32,769
7 Other information
H - C Travel Limited is a private company limited by shares and incorporated in England. Its registered office is:
16 High Street
Overton
Hampshire
RG25 3HA
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