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Company Registration No. 12955953 (England and Wales)
Cwmbran Travel 2020 Ltd Unaudited accounts for the year ended 31 October 2024
Cwmbran Travel 2020 Ltd Unaudited accounts Contents
Page
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Cwmbran Travel 2020 Ltd Company Information for the year ended 31 October 2024
Director
Mrs S Sampson
Company Number
12955953 (England and Wales)
Registered Office
13 Ton Road Cwmbran Gwent NP44 7LF Wales
Accountants
Beckett Taylor Limited 63-66 Hatton Garden London EC1N 8LE
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Cwmbran Travel 2020 Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,841 
42,455 
Current assets
Debtors
5,063 
6,736 
Cash at bank and in hand
106 
4,648 
5,169 
11,384 
Creditors: amounts falling due within one year
(66,139)
(26,258)
Net current liabilities
(60,970)
(14,874)
Total assets less current liabilities
(29,129)
27,581 
Creditors: amounts falling due after more than one year
(22,773)
(38,751)
Net liabilities
(51,902)
(11,170)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(51,904)
(11,172)
Shareholders' funds
(51,902)
(11,170)
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 February 2025 and were signed on its behalf by
Mrs S Sampson Director Company Registration No. 12955953
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Cwmbran Travel 2020 Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Cwmbran Travel 2020 Ltd is a private company, limited by shares, registered in England and Wales, registration number 12955953. The registered office is 13 Ton Road, Cwmbran, Gwent, NP44 7LF, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Cwmbran Travel 2020 Ltd Notes to the Accounts for the year ended 31 October 2024
Going concern
There was a net deficiency of assets of £14,874 at the balance sheet date, however, the directors have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
69,533 
2,887 
72,420 
At 31 October 2024
69,533 
2,887 
72,420 
Depreciation
At 1 November 2023
28,702 
1,263 
29,965 
Charge for the year
10,208 
406 
10,614 
At 31 October 2024
38,910 
1,669 
40,579 
Net book value
At 31 October 2024
30,623 
1,218 
31,841 
At 31 October 2023
40,831 
1,624 
42,455 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
6,268 
Other debtors
5,063 
468 
5,063 
6,736 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,357 
5,298 
VAT
4,834 
- 
Obligations under finance leases and hire purchase contracts
12,807 
12,807 
Trade creditors
878 
2,148 
Taxes and social security
749 
182 
Other creditors
506 
1,635 
Loans from directors
33,405 
612 
Accruals
7,603 
3,576 
66,139 
26,258 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,303 
10,687 
Obligations under finance leases and hire purchase contracts
14,470 
28,064 
22,773 
38,751 
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Cwmbran Travel 2020 Ltd Notes to the Accounts for the year ended 31 October 2024
8
Average number of employees
During the year the average number of employees was 9 (2023: 10).
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