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Company Registration No. 06413381 (England and Wales)
BARNES WORLDWIDE TRAVEL LTD. Unaudited accounts for the year ended 30 September 2024
BARNES WORLDWIDE TRAVEL LTD. Unaudited accounts Contents
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BARNES WORLDWIDE TRAVEL LTD. Company Information for the year ended 30 September 2024
Director
Robert John Saunderson
Company Number
06413381 (England and Wales)
Registered Office
26 County Road Walton Liverpool L4 3QH
Accountants
Worrall Wood & Co Ltd 11 Tabley Gardens Marple Stockport Greater Manchester SK6 7JY
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BARNES WORLDWIDE TRAVEL LTD. Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
5,023 
6,424 
Tangible assets
3,157 
3,947 
8,180 
10,371 
Current assets
Debtors
95,659 
49,539 
Cash at bank and in hand
120,871 
127,647 
216,530 
177,186 
Creditors: amounts falling due within one year
(184,736)
(142,867)
Net current assets
31,794 
34,319 
Total assets less current liabilities
39,974 
44,690 
Creditors: amounts falling due after more than one year
(29,155)
(35,190)
Provisions for liabilities
Deferred tax
(600)
(750)
Net assets
10,219 
8,750 
Capital and reserves
Called up share capital
60,700 
60,700 
Profit and loss account
(50,481)
(51,950)
Shareholders' funds
10,219 
8,750 
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 17 February 2025 and were signed on its behalf by
Robert John Saunderson Director Company Registration No. 06413381
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BARNES WORLDWIDE TRAVEL LTD. Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
BARNES WORLDWIDE TRAVEL LTD. is a private company, limited by shares, registered in England and Wales, registration number 06413381. The registered office is 26 County Road, Walton, Liverpool, L4 3QH.
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.
3
Accounting policies
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.
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is stated as the total amount receivable by the company in the ordinary course of business for holidays booked as a travel agent, Turnover is recognised on receipt of balance from customer. Turnover also comprises bonuses received from tour operators.
Intangible fixed assets
Goodwill Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty 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 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:
Computer equipment
20% on reducing balance
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement 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 balance sheet date.
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BARNES WORLDWIDE TRAVEL LTD. Notes to the Accounts for the year ended 30 September 2024
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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/period 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. Deferred tax assets and liabilities are not discounted.
Pension costs
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.
Going concern
During the year, the company has experienced an encouraging and continuing increase in bookings, albeit at the expense of a reduction in gross margin. The director has regularly updated his forecasts taking into account his assessment of the potential reduction in commission rates and the corresponding staffing level requirements. He has reluctantly initiated a reduction in headcount and reassured by this and other factors remains confident that the company will be able to continue to meet its liabilities as they fall due for a period of not less than 12 months from the date these accounts are signed.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2023
28,022 
At 30 September 2024
28,022 
Amortisation
At 1 October 2023
21,598 
Charge for the year
1,401 
At 30 September 2024
22,999 
Net book value
At 30 September 2024
5,023 
At 30 September 2023
6,424 
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BARNES WORLDWIDE TRAVEL LTD. Notes to the Accounts for the year ended 30 September 2024
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2023
16,808 
At 30 September 2024
16,808 
Depreciation
At 1 October 2023
12,861 
Charge for the year
790 
At 30 September 2024
13,651 
Net book value
At 30 September 2024
3,157 
At 30 September 2023
3,947 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
67,802 
34,082 
Amounts due from group undertakings etc.
23,311 
11,311 
Accrued income and prepayments
4,546 
4,146 
95,659 
49,539 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,556 
5,556 
VAT
6,676 
5,670 
Trade creditors
171,046 
129,993 
Taxes and social security
1,308 
1,378 
Other creditors
150 
270 
184,736 
142,867 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
29,155 
35,190 
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 September 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
3,625 
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BARNES WORLDWIDE TRAVEL LTD. Notes to the Accounts for the year ended 30 September 2024
10
Transactions with related parties
Mr R J Saunderson is also a director of Barnes Tours Limited. The company purchased tickets from Barnes Tours Limited totalling £39,305 during the year. The net balance due from Barnes Tours Limited at 30th September 2024 was £23.311. All transactions have been carried out on normal commercial terms. At the balance sheet date the company's credit card was secured by a personal guarantee of £5,000 from Mr R J Saunderson.
11
Average number of employees
During the year the average number of employees was 5 (2023: 6).
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