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REGISTERED NUMBER: SC070606 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

TRAVELSTOCK (PACKAGING) LIMITED

TRAVELSTOCK (PACKAGING) LIMITED (REGISTERED NUMBER: SC070606)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRAVELSTOCK (PACKAGING) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Ronald Keenon
Christopher Keenon





SECRETARY: LC Secretaries Limited





REGISTERED OFFICE: Johnstone House
52-54 Rose Street
Aberdeen
AB10 1HA





REGISTERED NUMBER: SC070606 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
71 Charleston Road North
Cove
Aberdeen
Aberdeenshire
AB12 3SZ

TRAVELSTOCK (PACKAGING) LIMITED (REGISTERED NUMBER: SC070606)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,228 159,641

CURRENT ASSETS
Stocks 211,750 198,000
Debtors 5 208,398 210,067
Cash in hand 16,481 17,148
436,629 425,215
CREDITORS
Amounts falling due within one year 6 335,064 331,241
NET CURRENT ASSETS 101,565 93,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,793

253,615

CREDITORS
Amounts falling due after more than one
year

7

(128,572

)

(161,508

)

PROVISIONS FOR LIABILITIES (10,451 ) (14,329 )
NET ASSETS 101,770 77,778

CAPITAL AND RESERVES
Called up share capital 24,850 24,850
Retained earnings 76,920 52,928
SHAREHOLDERS' FUNDS 101,770 77,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TRAVELSTOCK (PACKAGING) LIMITED (REGISTERED NUMBER: SC070606)

BALANCE SHEET - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





Christopher Keenon - Director


TRAVELSTOCK (PACKAGING) LIMITED (REGISTERED NUMBER: SC070606)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Travelstock (Packaging) Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

TRAVELSTOCK (PACKAGING) LIMITED (REGISTERED NUMBER: SC070606)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 84,223 144,998 229,221
DEPRECIATION
At 1 May 2023 - 69,580 69,580
Charge for year - 20,413 20,413
At 30 April 2024 - 89,993 89,993
NET BOOK VALUE
At 30 April 2024 84,223 55,005 139,228
At 30 April 2023 84,223 75,418 159,641

As at 30 April 2024, the net book value of vehicles held under hire purchase contracts was £50,342 (2023 - £67,122).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 206,873 208,934
Other debtors 1,525 1,133
208,398 210,067

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 93,160 94,153
Hire purchase contracts 16,089 15,963
Trade creditors 175,983 205,142
Taxation and social security 35,079 8,683
Other creditors 14,753 7,300
335,064 331,241

The Clydesdale Bank holds a Bond and Floating Charge over the assets of the company.


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 97,067 113,493
Hire purchase contracts 31,505 48,015
128,572 161,508