67 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2024 - FRS102_2024 16,875 16,875 16,875 xbrli:pure xbrli:shares iso4217:GBP 04199399 2023-08-01 2024-07-31 04199399 2024-07-31 04199399 2023-07-31 04199399 2022-08-01 2023-07-31 04199399 2023-07-31 04199399 2022-07-31 04199399 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04199399 core:LandBuildings core:ShortLeaseholdAssets 2023-08-01 2024-07-31 04199399 core:MotorVehicles 2023-08-01 2024-07-31 04199399 bus:Director4 2023-08-01 2024-07-31 04199399 core:LandBuildings 2023-07-31 04199399 core:PlantMachinery 2023-07-31 04199399 core:MotorVehicles 2023-07-31 04199399 core:LandBuildings 2024-07-31 04199399 core:PlantMachinery 2024-07-31 04199399 core:MotorVehicles 2024-07-31 04199399 core:LandBuildings 2023-08-01 2024-07-31 04199399 core:PlantMachinery 2023-08-01 2024-07-31 04199399 core:WithinOneYear 2024-07-31 04199399 core:WithinOneYear 2023-07-31 04199399 core:AfterOneYear 2024-07-31 04199399 core:AfterOneYear 2023-07-31 04199399 core:ShareCapital 2024-07-31 04199399 core:ShareCapital 2023-07-31 04199399 core:RetainedEarningsAccumulatedLosses 2024-07-31 04199399 core:RetainedEarningsAccumulatedLosses 2023-07-31 04199399 core:LandBuildings 2023-07-31 04199399 core:PlantMachinery 2023-07-31 04199399 core:MotorVehicles 2023-07-31 04199399 bus:Director1 2023-08-01 2024-07-31 04199399 bus:SmallEntities 2023-08-01 2024-07-31 04199399 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04199399 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04199399 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04199399 bus:FullAccounts 2023-08-01 2024-07-31 04199399 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 04199399 core:OtherResidualIntangibleAssets 2023-08-01 2024-07-31 04199399 core:OtherResidualIntangibleAssets 2024-07-31 04199399 core:OtherPropertyPlantEquipment 2023-07-31 04199399 core:OtherPropertyPlantEquipment 2024-07-31
COMPANY REGISTRATION NUMBER: 04199399
Brylaine Travel Limited
Filleted Unaudited Financial Statements
For the year ended
31 July 2024
Brylaine Travel Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
16,875
Tangible assets
6
1,661,667
1,028,591
------------
------------
1,678,542
1,028,591
Current assets
Stocks
22,153
16,987
Debtors
7
440,148
524,815
Cash at bank and in hand
299,558
118,474
---------
---------
761,859
660,276
Creditors: amounts falling due within one year
8
1,067,687
503,436
------------
---------
Net current (liabilities)/assets
( 305,828)
156,840
------------
------------
Total assets less current liabilities
1,372,714
1,185,431
Creditors: amounts falling due after more than one year
9
155,204
141,123
Provisions
212,190
109,304
------------
------------
Net assets
1,005,320
935,004
------------
------------
Brylaine Travel Limited
Statement of Financial Position (continued)
31 July 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
12,301
12,301
Profit and loss account
993,019
922,703
------------
---------
Shareholders funds
1,005,320
935,004
------------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 July 2025 , and are signed on behalf of the board by:
B W Gregg
Director
Company registration number: 04199399
Brylaine Travel Limited
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Enterprise House, 38 Tyndall Court, Lynch wood, Peterborough, PE2 6LR. The trading address is 291 London Road, Wyberton, Boston, PE21 7DD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
4% straight line
Short leasehold property
-
4% straight line
Plant and machinery
-
variable rates on reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
12% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 67 (2023: 56 ).
5. Intangible assets
Number plates
£
Cost
Additions
16,875
--------
At 31 July 2024
16,875
--------
Amortisation
At 1 August 2023 and 31 July 2024
--------
Carrying amount
At 31 July 2024
16,875
--------
At 31 July 2023
--------
6. Tangible assets
Land and buildings
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 August 2023
536,514
346,102
2,029,203
22,974
2,934,793
Additions
366,707
26,959
380,000
26,895
800,561
---------
---------
------------
--------
------------
At 31 July 2024
903,221
373,061
2,409,203
49,869
3,735,354
---------
---------
------------
--------
------------
Depreciation
At 1 August 2023
63,469
198,432
1,636,017
8,284
1,906,202
Charge for the year
25,887
19,449
120,129
2,020
167,485
---------
---------
------------
--------
------------
At 31 July 2024
89,356
217,881
1,756,146
10,304
2,073,687
---------
---------
------------
--------
------------
Carrying amount
At 31 July 2024
813,865
155,180
653,057
39,565
1,661,667
---------
---------
------------
--------
------------
At 31 July 2023
473,045
147,670
393,186
14,690
1,028,591
---------
---------
------------
--------
------------
7. Debtors
2024
2023
£
£
Trade debtors
44,654
111,296
Amounts owed by group undertakings and undertakings in which the company has a participating interest
38,000
Other debtors
357,494
413,519
---------
---------
440,148
524,815
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
20,716
Trade creditors
240,930
158,335
Amounts owed to group undertakings and undertakings in which the company has a participating interest
453,539
1,750
Social security and other taxes
145,244
108,744
Other creditors
227,974
213,891
------------
---------
1,067,687
503,436
------------
---------
Included in other creditors are hire purchase liabilities £110,239 (2023: £52,613) which are secured against the related assets.
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
155,204
141,123
---------
---------
Included in other creditors are hire purchase liabilities £155,204 (2023: £57,575) which are secured against the related assets.
10. Directors' advances, credits and guarantees
The directors operated a loan account with the company which was overdrawn at the beginning of the year by £63,210, which was he maximum outstanding. The balance at the year end was £16,841 after net repayments of £46,369.
11. Controlling party
The company is under the control of Ibex Holdings Ltd, a company incorporated in England and Wales. There is no ultimate controlling party.