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Globe Holidays Limited
Registered Number:02778802
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2025
Globe Holidays Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
02778802
As at 31 March 2025
Globe Holidays Limited
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
1,207,668
818,194
2
1,207,668
818,194
Current assets
Inventories
33,496
58,414
3
Trade and other receivables
709,734
717,751
4
80,386
Cash and cash equivalents
145,263
921,428
823,616
Trade and other payables: amounts falling due within one
year
(391,581)
(583,976)
5
432,035
337,452
Net current assets
Total assets less current liabilities
1,545,120
1,250,229
Trade and other payables: amounts falling due after more
than one year
(791,628)
(1,204,946)
6
(139,731)
(146,932)
Provisions for liabilities
200,443
Net assets
311,669
Capital and reserves
Called up share capital
101,002
101,002
Retained earnings
99,441
210,667
200,443
311,669
Shareholders' funds
For the year ended 31 March 2025 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 of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
02778802
For the year ended 31 March 2025
Globe Holidays Limited
Statement of Financial Position Continued
Scott Woolley Director
These financial statements were approved and authorised for issue by the Board on 08 July 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2025
Globe Holidays Limited
Notes to the Financial Statements
Statutory Information
Globe Holidays Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 02778802.
Principal place of business:
60 Eldon Street
Barnsley
South Yorkshire
S70 2JL
Registered address:
60 Eldon Street
Barnsley
South Yorkshire
S70 2JL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
15% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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6
For the year ended 31 March 2025
Globe Holidays Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 April 2024
995,218
92,697
769,888
132,633
511,274
16,274
495,000
-
Additions
-
(16,000)
-
Disposals
(16,000)
At 31 March 2025
132,633
1,248,888
108,971
1,490,492
Provision for depreciation and impairment
At 01 April 2024
177,024
28,626
67,355
81,043
Charge for year
112,352
9,611
95,003
7,738
(6,552)
-
(6,552)
-
On disposal
At 31 March 2025
282,824
38,237
155,806
88,781
At 31 March 2025
Net book value
43,852
1,093,082
70,734
1,207,668
At 31 March 2024
51,590
702,533
64,071
818,194
3. Inventories
2024
2025
£
£
Stocks
58,414
33,496
4. Trade and other receivables
2024
2025
£
£
Trade debtors
459,851
462,752
Prepayments and accrued income
7,061
33,076
Amounts owed by directors
6,160
-
Taxation and social security
47,918
46,041
Other debtors
196,761
167,865
709,734
717,751
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7
For the year ended 31 March 2025
Globe Holidays Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Bank loans and overdraft (secured)
85,000
85,000
Trade creditors
22,444
6
Taxation and social security
474,472
247,704
Accruals and deferred income
2,860
2,860
Directors' loan accounts
-
23,898
Other creditors
(800)
32,113
583,976
391,581
6. Trade and other payables: amounts falling due after more than one year
2024
2025
£
£
Bank loans and overdraft (secured)
159,811
249,360
542,268
1,045,135
Obligations under HP/Financial leases
1,204,946
791,628
7. Guarantees and other financial commitments
Guarantees and contingent assets and liabilities
Included in bank loans is a secured loan with FYI LP which is guaranteed by way of an equitable charge.
8. Average number of persons employed
During the year the average number of employees was 88 (2024 : 75)
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