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REGISTERED NUMBER: 07736096 (England and Wales)















CELTIC TRAILS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024






CELTIC TRAILS LIMITED (REGISTERED NUMBER: 07736096)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CELTIC TRAILS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: B J Cunningham
C Cunningham





REGISTERED OFFICE: 5 Ashweir Court
Abbey Mill Tintern
Chepstow
Gwent
NP16 6SE





REGISTERED NUMBER: 07736096 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

CELTIC TRAILS LIMITED (REGISTERED NUMBER: 07736096)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,070 3,662
3,070 3,662

CURRENT ASSETS
Stocks 5,988 4,312
Debtors 6 13,357 5,649
Cash at bank 1,172,222 935,781
1,191,567 945,742
CREDITORS
Amounts falling due within one year 7 385,059 307,426
NET CURRENT ASSETS 806,508 638,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

809,578

641,978

CREDITORS
Amounts falling due after more than one
year

8

(6,666

)

(16,666

)

PROVISIONS FOR LIABILITIES (768 ) (825 )
NET ASSETS 802,144 624,487

CELTIC TRAILS LIMITED (REGISTERED NUMBER: 07736096)

BALANCE SHEET - continued
31ST OCTOBER 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 10,000 5,000
Retained earnings 792,144 619,487
SHAREHOLDERS' FUNDS 802,144 624,487

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

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

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 Profit and Loss has not been delivered.

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





B J Cunningham - Director


CELTIC TRAILS LIMITED (REGISTERED NUMBER: 07736096)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Celtic Trails 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.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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 Profit and Loss, 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.


CELTIC TRAILS LIMITED (REGISTERED NUMBER: 07736096)

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

2. ACCOUNTING POLICIES - continued
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.

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 10 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2023
and 31st October 2024 20,000
AMORTISATION
At 1st November 2023
and 31st October 2024 20,000
NET BOOK VALUE
At 31st October 2024 -
At 31st October 2023 -

CELTIC TRAILS LIMITED (REGISTERED NUMBER: 07736096)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st November 2023 1,609 15,224 16,833
Additions - 583 583
At 31st October 2024 1,609 15,807 17,416
DEPRECIATION
At 1st November 2023 442 12,729 13,171
Charge for year 292 883 1,175
At 31st October 2024 734 13,612 14,346
NET BOOK VALUE
At 31st October 2024 875 2,195 3,070
At 31st October 2023 1,167 2,495 3,662

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 13,357 5,649

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 21,527 21,952
Corporation Tax 86,981 81,018
Social security and other taxes 4,111 3,661
VAT 51,704 51,750
Other creditors 12,986 7,246
Directors' current accounts 112,070 52,761
Accruals and deferred income 85,680 79,038
385,059 307,426

CELTIC TRAILS LIMITED (REGISTERED NUMBER: 07736096)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,666 16,666

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 A Ordinary £1 1,000 500
8,000 B Ordinary £1 8,000 4,000
500 C Ordinary £1 500 250
500 D Ordinary £1 500 250
10,000 5,000

The following shares were issued during the year for cash at par :

500 A Ordinary shares of £1
4,000 B Ordinary shares of £1
250 C Ordinary shares of £1
250 D Ordinary shares of £1

10. RELATED PARTY DISCLOSURES

At the year end the company owed the director £112,070 (2023 - £52,761).