REGISTERED NUMBER: 10786625 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

EVERGOOD TRAVEL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M C Healy

P Johnston

REGISTERED OFFICE:

Evergood House

The Chase

John Tate Road

Hertford

Hertfordshire

SG13 7NN

REGISTERED NUMBER:

10786625 (England and Wales)

AUDITORS:

Cook and Partners Limited

Chartered Accountants

and Registered Auditors

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Tangible assets

4

1,173

1,637

CURRENT ASSETS

Debtors

5

287,858

292,223

Cash at bank

247,519

242,890

535,377

535,113

CREDITORS

Amounts falling due within one year

6

459,070

453,718

NET CURRENT ASSETS

76,307

81,395

TOTAL ASSETS LESS CURRENT LIABILITIES

77,480

83,032

CREDITORS

Amounts falling due after more than one year

7

(15,000

)

(24,999

)

PROVISIONS FOR LIABILITIES

(293

)

(277

)

NET ASSETS

62,187

57,756

CAPITAL AND RESERVES

Called up share capital

35,000

35,000

Retained earnings

27,187

22,756

62,187

57,756

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 30 January 2025 and were signed on its behalf by:

M C Healy - Director

1.	STATUTORY INFORMATION

Evergood Travel 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.

The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 30th September 2024 have been prepared using the going concern basis of accounting.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover

Turnover represents sales of tours in the year based on a date of departure basis. Monies received from customers in advance of the tour departure date are shown within creditors.

Cost of sales represents the costs incurred on tours sold in the year on a date of departure basis. Monies paid to suppliers in advance of the tour departure date are shown within debtors.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Financial instruments

The director considers all financial instruments to be basic financial instruments in accordance with paragraph 11 of FRS102.

Trade and other receivables and payables

Trade and other receivables and payables are measured at amortised cost which approximates to fair value given the short term nature of these assets and liabilities.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances held for the purposes of meeting short-term cash commitments.

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.

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 2 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

and 30 September 2024

2,701

DEPRECIATION

At 1 October 2023

1,064

Charge for year

464

At 30 September 2024

1,528

NET BOOK VALUE

At 30 September 2024

1,173

At 30 September 2023

1,637

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

41,364

49,500

Other debtors

1,625

289

Supplier advances

237,200

238,648

Directors' current accounts

4,595

-

VAT

466

1,184

Prepayments

2,608

2,602

287,858

292,223

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

9,999

10,000

Trade creditors

817

1,623

Amounts owed to group undertakings

62

10,056

Tax

11,672

7,578

Social security and other taxes

33

33

Other creditors

27,454

18,822

Customer deposits

403,347

398,328

Directors' current accounts

3,436

5,528

Accrued expenses

2,250

1,750

459,070

453,718

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bounce Back Loan - 1-2 years

10,000

10,000

Bounce Back Loan - 2-5 years

5,000

14,999

15,000

24,999

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Jeffrey Oliver (Senior Statutory Auditor)

for and on behalf of Cook and Partners Limited

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is MH4 Limited, a Company incorporated in England and Wales, whose registered office is Bayford House, Bayford, Hertfordshire, England, SG13 8PX. The Company's results are consolidated into the accounts of MH4 Limited and the copies of the consolidated financial statements can be obtained from the registered office.

The ultimate controlling parties are M Healy, E Healy, R Healy, S Healy and P Healy