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
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
BARNES WORLDWIDE TRAVEL LTD.
Statement of financial position
as at 30 September 2024
Intangible assets
5,023
6,424
Tangible assets
3,157
3,947
Cash at bank and in hand
120,871
127,647
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
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
BARNES WORLDWIDE TRAVEL LTD.
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
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.
The accounts are presented in £ sterling.
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.
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 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.
BARNES WORLDWIDE TRAVEL LTD.
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
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.
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Intangible fixed assets
Goodwill
At 30 September 2024
28,022
At 30 September 2024
22,999
At 30 September 2024
5,023
At 30 September 2023
6,424
BARNES WORLDWIDE TRAVEL LTD.
Notes to the Accounts
for the year ended 30 September 2024
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Tangible fixed assets
Computer equipment
At 30 September 2024
16,808
At 30 September 2024
13,651
At 30 September 2024
3,157
At 30 September 2023
3,947
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
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,556
5,556
Trade creditors
171,046
129,993
Taxes and social security
1,308
1,378
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Creditors: amounts falling due after more than one year
2024
2023
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
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.
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Average number of employees
During the year the average number of employees was 5 (2023: 6).