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REGISTERED NUMBER: SC259157 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KINNAIRD TRAVEL LIMITED

KINNAIRD TRAVEL LIMITED (REGISTERED NUMBER: SC259157)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINNAIRD TRAVEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J Noble
J W Noble
Mrs A Noble





SECRETARY: Mrs A Noble





REGISTERED OFFICE: 14 High Stret
Fraserburgh
Aberdeenshire
AB43 9AN





REGISTERED NUMBER: SC259157 (Scotland)

KINNAIRD TRAVEL LIMITED (REGISTERED NUMBER: SC259157)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 238,764 77,728
238,764 77,728

CURRENT ASSETS
Debtors 7 335,863 175,238
Cash at bank and in hand 2,648,549 2,830,045
2,984,412 3,005,283
CREDITORS
Amounts falling due within one year 8 303,454 375,182
NET CURRENT ASSETS 2,680,958 2,630,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,919,722

2,707,829

PROVISIONS FOR LIABILITIES 20,837 16,281
NET ASSETS 2,898,885 2,691,548

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 2,848,885 2,641,548
SHAREHOLDERS' FUNDS 2,898,885 2,691,548

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

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

KINNAIRD TRAVEL LIMITED (REGISTERED NUMBER: SC259157)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





J Noble - Director


KINNAIRD TRAVEL LIMITED (REGISTERED NUMBER: SC259157)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Kinnaird Travel Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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.
Land and buildings - Straight line over 20 years
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance


KINNAIRD TRAVEL LIMITED (REGISTERED NUMBER: SC259157)

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

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 52,500
AMORTISATION
At 1 January 2024
and 31 December 2024 52,500
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

KINNAIRD TRAVEL LIMITED (REGISTERED NUMBER: SC259157)

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

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 56,000 96,293 152,293
Additions - 183,804 183,804
Disposals - (1,477 ) (1,477 )
At 31 December 2024 56,000 278,620 334,620
DEPRECIATION
At 1 January 2024 43,400 31,165 74,565
Charge for year 2,800 19,951 22,751
Eliminated on disposal - (1,460 ) (1,460 )
At 31 December 2024 46,200 49,656 95,856
NET BOOK VALUE
At 31 December 2024 9,800 228,964 238,764
At 31 December 2023 12,600 65,128 77,728

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 330,532 173,827
Other debtors 5,331 1,411
335,863 175,238

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 171,926 255,373
Taxation and social security 105,736 94,606
Other creditors 25,792 25,203
303,454 375,182

9. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

There is a bond held by the Bank of Scotland on behalf of ABTA for £104,431 (2023 - £84,030). This is standard for the industry.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, total dividends of £75,000 (2023 - £142,500) were paid to the directors.

Included within other creditors is amounts due to the directors of £1,127 (2023 - £707). The loan is interest free and has no set repayment terms.

11. ULTIMATE CONTROLLING PARTY

The controlling party is James Noble and Avril Noble.