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REGISTERED NUMBER: 06673386 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2024

for

Your Safari Limited

Your Safari Limited (Registered number: 06673386)

Contents of the Financial Statements
for the Year Ended 31st July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Your Safari Limited

Company Information
for the Year Ended 31st July 2024







DIRECTORS: Mrs K Haylett
J L Vince





SECRETARY: Mrs K Haylett





REGISTERED OFFICE: The Lodge
93 Normanston Drive
Oulton Broad
Lowestoft
Suffolk
NR32 2PX





REGISTERED NUMBER: 06673386 (England and Wales)





ACCOUNTANTS: N.C.N.M. Accountancy Limited
Chartered Accountants
The Lodge
93 Normanston Drive
Oulton Broad
Lowestoft
Suffolk
NR32 2PX

Your Safari Limited (Registered number: 06673386)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,071 2,092

CURRENT ASSETS
Debtors 5 12,015 77,567
Cash at bank 70,765 101,550
82,780 179,117
CREDITORS
Amounts falling due within one year 6 103,986 194,373
NET CURRENT LIABILITIES (21,206 ) (15,256 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,135

)

(13,164

)

CREDITORS
Amounts falling due after more than one
year

7

37,085

99,174
NET LIABILITIES (56,220 ) (112,338 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (56,320 ) (112,438 )
SHAREHOLDERS' FUNDS (56,220 ) (112,338 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

Your Safari Limited (Registered number: 06673386)

Balance Sheet - continued
31st July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd April 2025 and were signed on its behalf by:





Mrs K Haylett - Director


Your Safari Limited (Registered number: 06673386)

Notes to the Financial Statements
for the Year Ended 31st July 2024


1. STATUTORY INFORMATION

Your Safari 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 during the accounting period, 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Your Safari Limited (Registered number: 06673386)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024


2. ACCOUNTING POLICIES - continued

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

Going concern
As set out in previous years' accounts, the Coronavirus pandemic has had a significant impact on the travel industry with holidays and tours being cancelled and postponed - often a number of times. The company has not been immune to the impact of the pandemic but the directors took significant steps to minimise the effect on the company. This included reducing costs where possible during difficult times and working with customers to re-arrange tours to more suitable times. The directors are pleased to confirm that they have been successful in their efforts to manage this during unprecedented times. The company has bounced back in the last three years trading and is profitable again.

At the balance sheet date, the company had net liabilities due to a director's loan balance. The company has agreed to repay the loan balance over a period of time, subject to the financial resources of the company. Repayments have been agreed at £24,000 per annum. The director has agreed to the repayment plan and has agreed not to seek instalments under the repayment plan unless the company is financially able to do so. The director will continue to provide ongoing financial support from the date of approval of these financial statements.

As a result of the above, and having considered the company's cash requirements for the year from the date of these financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future.

The directors believe it is appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st August 2023 21,166 27,854 49,020
Additions - 773 773
Disposals - (6,477 ) (6,477 )
At 31st July 2024 21,166 22,150 43,316
DEPRECIATION
At 1st August 2023 19,577 27,351 46,928
Charge for year 397 397 794
Eliminated on disposal - (6,477 ) (6,477 )
At 31st July 2024 19,974 21,271 41,245
NET BOOK VALUE
At 31st July 2024 1,192 879 2,071
At 31st July 2023 1,589 503 2,092

Your Safari Limited (Registered number: 06673386)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 7,592
Other debtors 12,015 69,975
12,015 77,567

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 6,891 6,096
Trade creditors 2,158 736
Other creditors 94,937 187,541
103,986 194,373

The company accounts for trips to take place in future accounting periods in Accruals & Deferred Income within Creditors - amounts falling due within one year. Costs in relation to future trips are accounted for in Prepayments within Debtors - amounts falling due within one year. Only when a trip has been completed can the full income and related costs be taken to the Profit & Loss Account.

In order to manage future trips, the company subscribes to Protected Travel Services including the PTS Trust Account Solution providing full package travel regulation compliance. This facility includes an independently supervised Trust bank account to manage customer income for future trips and related expenditure. The balance on this account at the end of the year stood at £59,260 (2023: £75,626).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 36,500 43,392
Other creditors 585 55,782
37,085 99,174

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,149 14,764

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,891 6,096

Your Safari Limited (Registered number: 06673386)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024


8. LOANS - continued
2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 7,065 6,891

Amounts falling due between two and five years:
Bank loans - 2-5 years 22,286 21,737

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,149 14,764

The company took out a loan under the Government supported Bounce Back Loan Scheme in June 2020 for £50,000. Interest is calculated at 2.5% per annum, fixed throughout the term of the loan. No formal security has been given by the company or by the directors for this loan. The loan is supported by the Bounce Back Loan Scheme Guarantee.

Loan repayments were scheduled to commence 13 months after the loan was advanced, and continue for 5 years thereafter.

The loan has been renegotiated, with repayments starting with effect from August 2023 and the term of the loan has been extended to 7 years ending June 2030. All other loan terms remain the same.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

Mrs K Haylett, director, has lent money to the company in the past years. The total balance owing at the end of the year stood at £24,585 (2023: £79,782). The director has agreed, subject to sufficient funds being available, that the company pay up to £24,000 per annum to reduce the loan balance. Consequently, £24,000 (2023: £24,000) of the loan balance has been included within Creditors - amounts due in less than one year, with the balance being shown in Creditors - amounts due after more than one year. No interest is being charged and no security has been given for the loan.