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REGISTERED NUMBER: 09049591 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

N & K TOURS LIMITED

N & K TOURS LIMITED (REGISTERED NUMBER: 09049591)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N & K TOURS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: N Westbrook
Ms K Westbrook





REGISTERED OFFICE: 21a Market Place
Warminster
Wiltshire
BA12 9AY





REGISTERED NUMBER: 09049591 (England and Wales)





ACCOUNTANTS: PG Owen Limited
Chartered Accountants
21A Market Place
Warminster
Wiltshire
BA12 9AY

N & K TOURS LIMITED (REGISTERED NUMBER: 09049591)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 917
Tangible assets 5 213,905 286,757
213,905 287,674

CURRENT ASSETS
Debtors 6 5,779 17,498
Cash at bank 253,778 105,372
259,557 122,870
CREDITORS
Amounts falling due within one year 7 197,025 206,996
NET CURRENT ASSETS/(LIABILITIES) 62,532 (84,126 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,437

203,548

CREDITORS
Amounts falling due after more than one
year

8

131,903

193,923
NET ASSETS 144,534 9,625

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 143,534 8,625
SHAREHOLDERS' FUNDS 144,534 9,625

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

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

N & K TOURS LIMITED (REGISTERED NUMBER: 09049591)

BALANCE SHEET - continued
31 DECEMBER 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 21 March 2025 and were signed on its behalf by:




N Westbrook - Director



Ms K Westbrook - Director


N & K TOURS LIMITED (REGISTERED NUMBER: 09049591)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

N & K Tours 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten 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
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.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

N & K TOURS LIMITED (REGISTERED NUMBER: 09049591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 22,000
AMORTISATION
At 1 January 2024 21,083
Amortisation for year 917
At 31 December 2024 22,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 917

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 7,600 2,976 349,295 20,138 380,009
Additions - - - 1,707 1,707
At 31 December 2024 7,600 2,976 349,295 21,845 381,716
DEPRECIATION
At 1 January 2024 7,600 2,688 71,419 11,545 93,252
Charge for year - 72 69,469 5,018 74,559
At 31 December 2024 7,600 2,760 140,888 16,563 167,811
NET BOOK VALUE
At 31 December 2024 - 216 208,407 5,282 213,905
At 31 December 2023 - 288 277,876 8,593 286,757

N & K TOURS LIMITED (REGISTERED NUMBER: 09049591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 339,545
DEPRECIATION
At 1 January 2024
and 31 December 2024 69,469
NET BOOK VALUE
At 31 December 2024 270,076
At 31 December 2023 270,076

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,625 3,625
Directors' current accounts - 11,904
Prepayments 2,154 1,969
5,779 17,498

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bounce Back Loan 11,111 11,111
Hire purchase contracts 50,909 50,909
Trade creditors 29,232 17,373
Tax 7,650 -
Directors' current accounts 476 -
Deferred income 97,647 127,603
197,025 206,996

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bounce Back Loan 4,630 15,741
Hire purchase contracts 127,273 178,182
131,903 193,923

Amounts falling due in more than five years:

Repayable by instalments
Bounce Back Loan 4,630 15,741

N & K TOURS LIMITED (REGISTERED NUMBER: 09049591)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
N Westbrook and Ms K Westbrook
Balance outstanding at start of year 11,904 23,907
Amounts advanced 53,199 11,904
Amounts repaid (65,579 ) (23,907 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (476 ) 11,904

10. RELATED PARTY DISCLOSURES

The company was under the control of the directors throughout the period.
Interest is charged on overdrawn directors' loan account balances at the official rate