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Company registration number: 08469374
F D Travels Ltd
Unaudited filleted abridged financial statements
31 August 2024
F D Travels Ltd
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
F D Travels Ltd
Directors and other information
Director Mr Jashandeep Sandhu
Company number 08469374
Registered office 3 Barrett Court
70 Cardiff Road
Reading
England
RG1 8ED
Accountants ACE Accounts & Tax Limited
2 Whittle Court
Knowlhill
Milton Keynes
MK5 8FT
Bankers HSBC Bank
26 Broad Street Reading
Berkshire
RG1 2BU
F D Travels Ltd
Report to the director on the preparation of the
unaudited statutory financial statements of F D Travels Ltd
Year ended 31 August 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 August 2024 which comprise the abridged statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
ACE Accounts & Tax Limited
Chartered Certified Accountants
2 Whittle Court
Knowlhill
Milton Keynes
MK5 8FT
23 May 2025
F D Travels Ltd
Abridged statement of financial position
31 August 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 1,442,243 1,180,783
Investments 6 53,000 53,000
_______ _______
1,495,243 1,233,783
Current assets
Debtors 1,028,836 1,076,190
Cash at bank and in hand 30,463 52,403
_______ _______
1,059,299 1,128,593
Creditors: amounts falling due
within one year ( 1,243,470) ( 1,187,369)
_______ _______
Net current liabilities ( 184,171) ( 58,776)
_______ _______
Total assets less current liabilities 1,311,072 1,175,007
Creditors: amounts falling due
after more than one year ( 457,556) ( 455,944)
_______ _______
Net assets 853,516 719,063
_______ _______
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 843,516 709,063
_______ _______
Shareholders funds 853,516 719,063
_______ _______
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 23 May 2025 , and are signed on behalf of the board by:
Mr Jashandeep Sandhu
Director
F D Travels Ltd
Statement of changes in equity
Year ended 31 August 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 September 2022 10,000 564,826 574,826
Profit for the year 203,237 203,237
_______ _______ _______
Total comprehensive income for the year - 203,237 203,237
Dividends paid and payable ( 59,000) ( 59,000)
_______ _______ _______
Total investments by and distributions to owners - ( 59,000) ( 59,000)
_______ _______ _______
At 31 August 2023 and 1 September 2023 10,000 709,063 719,063
Profit for the year 206,453 206,453
_______ _______ _______
Total comprehensive income for the year - 206,453 206,453
Dividends paid and payable ( 72,000) ( 72,000)
_______ _______ _______
Total investments by and distributions to owners - ( 72,000) ( 72,000)
_______ _______ _______
At 31 August 2024 10,000 843,516 853,516
_______ _______ _______
F D Travels Ltd
Notes to the financial statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and wales. The address of the registered office is 3 Barrett Court, 70 Cardiff Road, Reading, England, RG1 8ED.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
Computer equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Staff costs
The average number of persons employed by the company during the year amounted to 71 (2023: 61 ).
The aggregate payroll costs incurred during the year were:
2024 2023
£ £
Wages and salaries 675,702 476,348
Social security costs 27,038 23,755
_______ _______
702,740 500,103
_______ _______
5. Tangible assets
£
Cost or valuation
At 1 September 2023 1,727,309
Additions 400,073
Disposals ( 25,500)
Revaluation 89,799
_______
At 31 August 2024 2,191,681
_______
Depreciation
At 1 September 2023 546,526
Charge for the year 209,685
Disposals ( 6,773)
_______
At 31 August 2024 749,438
_______
Carrying amount
At 31 August 2024 1,442,243
_______
At 31 August 2023 1,180,783
_______
6. Investments
£
Cost
At 1 September 2023 and 31 August 2024 53,000
_______
Impairment
At 1 September 2023 and 31 August 2024 -
_______
Carrying amount
At 31 August 2024 53,000
_______
At 31 August 2023 53,000
_______
7. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Jashandeep Sandhu ( 93,068) 265,000 ( 207,000) ( 35,068)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Jashandeep Sandhu - 324,932 ( 418,000) ( 93,068)
_______ _______ _______ _______