REGISTERED NUMBER: 02396416 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

CENTURION TRAVEL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Spiller

SECRETARY:

S Spiller

REGISTERED OFFICE:

124 High Street

Midsomer Norton

Bath

Avon

BA3 2DA

REGISTERED NUMBER:

02396416 (England and Wales)

ACCOUNTANTS:

PG Owen Limited

Chartered Accountants

124 High Street

Midsomer Norton

Bath

Avon

BA3 2DA

FIXED ASSETS

Tangible assets

4

1,351,835

1,521,847

CURRENT ASSETS

Stocks

25,250

27,010

Debtors

5

285,523

300,064

Cash at bank and in hand

163,258

137,271

474,031

464,345

CREDITORS

Amounts falling due within one year

6

539,994

570,265

NET CURRENT LIABILITIES

(65,963

)

(105,920

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,285,872

1,415,927

CREDITORS

Amounts falling due after more than one year

7

860,100

1,118,195

NET ASSETS

425,772

297,732

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

424,772

296,732

SHAREHOLDERS' FUNDS

425,772

297,732

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

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

The director acknowledges his 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.

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 director and authorised for issue on 25 February 2025 and were signed by:

M J Spiller - Director

1.	STATUTORY INFORMATION

Centurion Travel Limited is a private company, limited by shares , registered in England and Wales. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

5% on cost

Improvements to property

-

10% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 34 (2023 - 31 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 December 2023

355,820

642,073

505,389

Additions

-

-

142,683

Disposals

-

-

-

At 30 November 2024

355,820

642,073

648,072

DEPRECIATION

At 1 December 2023

142,680

441,431

279,341

Charge for year

17,791

48,160

36,873

Eliminated on disposal

-

-

-

At 30 November 2024

160,471

489,591

316,214

NET BOOK VALUE

At 30 November 2024

195,349

152,482

331,858

At 30 November 2023

213,140

200,642

226,048

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2023

95,607

3,371,575

67,588

5,038,052

Additions

-

51,240

3,094

197,017

Disposals

-

(90,000

)

-

(90,000

)

At 30 November 2024

95,607

3,332,815

70,682

5,145,069

DEPRECIATION

At 1 December 2023

58,518

2,537,460

56,775

3,516,205

Charge for year

3,709

209,558

3,477

319,568

Eliminated on disposal

-

(42,539

)

-

(42,539

)

At 30 November 2024

62,227

2,704,479

60,252

3,793,234

NET BOOK VALUE

At 30 November 2024

33,380

628,336

10,430

1,351,835

At 30 November 2023

37,089

834,115

10,813

1,521,847

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 December 2023

111,800

2,054,645

2,166,445

Additions

67,916

50,740

118,656

Disposals

-

(90,000

)

(90,000

)

At 30 November 2024

179,716

2,015,385

2,195,101

DEPRECIATION

At 1 December 2023

12,889

1,285,297

1,298,186

Charge for year

16,683

193,157

209,840

Eliminated on disposal

-

(42,539

)

(42,539

)

At 30 November 2024

29,572

1,435,915

1,465,487

NET BOOK VALUE

At 30 November 2024

150,144

579,470

729,614

At 30 November 2023

98,911

769,348

868,259

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

175,261

208,884

Other debtors

32,766

19,301

Prepayments

77,496

71,879

285,523

300,064

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

62,759

61,341

Hire purchase contracts

243,241

255,884

Trade creditors

109,603

106,921

Social security and other taxes

15,897

24,471

Other creditors

25,789

24,854

Directors' current accounts

51,410

89,679

Accrued expenses

31,295

7,115

539,994

570,265

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

40,765

79,228

Bank loans - 2-5 years

62,360

62,060

Bank loans more 5 yr by instal

160,981

186,854

Hire purchase contracts

595,994

790,053

860,100

1,118,195

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

160,981

186,854

Hire purchase

66,459

131,279

227,440

318,133

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

326,865

389,483

The bank overdraft is secured by a fixed and floating charge over the company's assets.

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.