Abbot Travel Ltd Filleted Accounts Cover
Abbot Travel Ltd
Company No. SC521027
Information for Filing with The Registrar
30 November 2024
Abbot Travel Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 November 2024.
Principal activities
The principal activity of the company during the year under review was other urban, suburban or metropolitan passenger land transport (not underground, metro or similar).
Directors
The Directors who served at any time during the year were as follows:
C.A. Bootland
P. Bootland-McLaren
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
P. Bootland-McLaren
Director
13 June 2025
Abbot Travel Ltd Balance Sheet Registrar
at
30 November 2024
Company No.
SC521027
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
1,151,1481,102,270
1,151,1481,102,270
Current assets
Debtors
5
144,110137,030
Cash at bank and in hand
78,879145,307
222,989282,337
Creditors: Amount falling due within one year
6
(606,825)
(641,566)
Net current liabilities
(383,836)
(359,229)
Total assets less current liabilities
767,312743,041
Creditors: Amounts falling due after more than one year
7
(475,262)
(544,951)
Net assets
292,050198,090
Capital and reserves
Called up share capital
11,20011,200
Share premium account
9
131,273131,273
Revaluation reserve
9
63,79963,799
Profit and loss account
9
85,778
(8,182)
Total equity
292,050198,090
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 November 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 13 June 2025 and signed on its behalf by:
P. Bootland-McLaren
Director
13 June 2025
Abbot Travel Ltd Notes to the Accounts Registrar
for the year ended 30 November 2024
1
General information
Abbot Travel Ltd is a private company limited by shares and incorporated in Scotland.
Its registered number is: SC521027
Its registered office is:
Unit 7/1 Edgefield Road
Loanhead
Scotland
EH20 9TB
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Reducing balance
Motor vehicles
10% Reducing balance
Furniture, fittings and equipment
25% Reducing balance
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
1712
4
Tangible fixed assets
Land and buildings
Plant and machinery
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
£
£
Cost or revaluation
At 1 December 2023
415,00026,268977,78511,4671,430,520
Additions
-5,027132,000-137,027
Disposals
--
(3,850)
-
(3,850)
At 30 November 2024
415,00031,2951,105,93511,4671,563,697
Depreciation
At 1 December 2023
-10,164309,9758,111328,250
Charge for the year
-5,28379,75483985,876
Disposals
--
(1,577)
-
(1,577)
At 30 November 2024
-15,447388,1528,950412,549
Net book values
At 30 November 2024
415,00015,848717,7832,5171,151,148
At 30 November 2023
415,000
16,104
667,810
3,356
1,102,270
5
Debtors
2024
2023
£
£
Trade debtors
126,602116,630
VAT recoverable
2,5085,400
Other debtors
15,00015,000
144,110137,030
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
53,84152,898
Obligations under finance lease and hire purchase contracts
230,415199,479
Trade creditors
47,61837,661
Amounts owed to group undertakings
18,811
18,811
Taxes and social security
18,192
13,799
Loans from directors
202,414316,417
Other creditors
32,834-
Accruals and deferred income
2,7002,501
606,825641,566
7
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
251,765197,365
Obligations under finance lease and hire purchase contracts
223,497347,586
475,262544,951
8
Share Capital
11,200 ordinary shares fully paid at £1 per share.
9
Reserves
Revaluation Reserve
Total other reserves
£
£
At 1 December 2022
63,799
63,799
At 30 November 2023 and 1 December 2023
63,799
63,799
At 30 November 2024
63,79963,799
Revaluation reserve - reflects the revaluation of property other than investment properties.
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
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