Acorah Software Products - Accounts Production 16.4.660 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC426826 Mr Thomas Hancock Miss Elaine Wilson Mr TB Hancock and Miss E Murray true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC426826 2023-12-31 SC426826 2024-12-31 SC426826 2024-01-01 2024-12-31 SC426826 frs-core:CurrentFinancialInstruments 2024-12-31 SC426826 frs-core:PlantMachinery 2024-12-31 SC426826 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC426826 frs-core:PlantMachinery 2023-12-31 SC426826 frs-core:ShareCapital 2024-12-31 SC426826 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC426826 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC426826 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC426826 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC426826 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC426826 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC426826 1 2024-01-01 2024-12-31 SC426826 frs-bus:Director1 2024-01-01 2024-12-31 SC426826 frs-bus:Director1 2023-12-31 SC426826 frs-bus:Director1 2024-12-31 SC426826 frs-bus:Director2 2024-01-01 2024-12-31 SC426826 frs-bus:Director2 2023-12-31 SC426826 frs-bus:Director2 2024-12-31 SC426826 frs-countries:Scotland 2024-01-01 2024-12-31 SC426826 2022-12-31 SC426826 2023-12-31 SC426826 2023-01-01 2023-12-31 SC426826 frs-core:CurrentFinancialInstruments 2023-12-31 SC426826 frs-core:ShareCapital 2023-12-31 SC426826 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC426826
B&E Travel Ltd
Financial Statements
For The Year Ended 31 December 2024
Gillespie's Fife
Contents
Page
Accountants' Report 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of B&E Travel Ltd For The Year Ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of B&E Travel Ltd For The Year Ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of B&E Travel Ltd , as a body, in accordance with the terms of our engagement letter dated 14 August 2013. Our work has been undertaken solely to prepare for your approval the accounts of B&E Travel Ltd and state those matters that we have agreed to state to the directors of B&E Travel Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than B&E Travel Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that B&E Travel Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of B&E Travel Ltd . You consider that B&E Travel Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of B&E Travel Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
21st April 2025
Gillespie's Fife
Accountants
Fric Ajax Way
Methil
Leven
KY8 3RS
Page 1
Page 2
Balance Sheet
Registered number: SC426826
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,480 5,600
4,480 5,600
CURRENT ASSETS
Debtors 5 85,118 56,762
Cash at bank and in hand 530 8
85,648 56,770
Creditors: Amounts Falling Due Within One Year 6 (17,555 ) (17,577 )
NET CURRENT ASSETS (LIABILITIES) 68,093 39,193
TOTAL ASSETS LESS CURRENT LIABILITIES 72,573 44,793
NET ASSETS 72,573 44,793
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 72,571 44,791
SHAREHOLDERS' FUNDS 72,573 44,793
For the year ending 31 December 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Thomas Hancock
Director
21st April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
B&E Travel Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC426826 . The registered office is 32 Unicorn Way, Kingdom Centre, Glenrothes, Fife, KY7 5NU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
2.4. Taxation
Corporation tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when it is related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 59,815
As at 31 December 2024 59,815
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 January 2024 54,215
Provided during the period 1,120
As at 31 December 2024 55,335
Net Book Value
As at 31 December 2024 4,480
As at 1 January 2024 5,600
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 82,366 56,762
Directors' loan accounts 2,752 -
85,118 56,762
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 16,475 14,549
Accruals and deferred income 1,080 1,057
Directors' loan accounts - 1,971
17,555 17,577
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Directors Advances, Credits and Guarantees
Included within Debtors/Creditors are the following loans to/(from) directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Thomas Hancock (986 ) 18,586 (16,224 ) - 1,376
Miss Elaine Wilson (985 ) 18,586 (16,225 ) - 1,376
The above loan is unsecured, interest free and repayable on demand.
9. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 32,428 2,000
Page 4
Page 5
10. Ultimate Controlling Party
The company's ultimate controlling parties are Mr TB Hancock and Miss E Murray by virtue of ownership of 100% of the issued share capital in the company.
Page 5