Company registration number 2482528 (England and Wales)
EAGLE EXECUTIVE TRAVEL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
EAGLE EXECUTIVE TRAVEL LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
EAGLE EXECUTIVE TRAVEL LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1
1
Tangible assets
4
4,508
5,749
Investments
5
1
1
4,510
5,751
Current assets
Debtors
6
104,538
103,439
Cash at bank and in hand
225,711
323,322
330,249
426,761
Creditors: amounts falling due within one year
7
(265,933)
(276,488)
Net current assets
64,316
150,273
Total assets less current liabilities
68,826
156,024
Creditors: amounts falling due after more than one year
8
(26,450)
(32,243)
Net assets
42,376
123,781
Capital and reserves
Called up share capital
28,000
28,000
Share premium account
5,143
5,143
Profit and loss reserves
9,233
90,638
Total equity
42,376
123,781
EAGLE EXECUTIVE TRAVEL LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 April 2025 and are signed on its behalf by:
S M Alexander
C Forth
Director
Director
Company registration number 2482528 (England and Wales)
EAGLE EXECUTIVE TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Eagle Executive Travel Limited is a private company limited by shares incorporated in England and Wales. The registered office is 11 Goldington Road, Bedford, Bedfordshire, MK40 3JY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents net invoiced sales of goods, adjusted for timing of travel excursions, excluding value added tax.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
Intangible fixed assets - goodwill

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. Goodwill represents the difference between the fair value of the consideration paid on acquisition of the business and the fair value of its separable net assets at the date of acquisition. Goodwill is amortised over its estimated useful life of 10 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Fixed asset investments are shown at fair value being cost less the accumulated provision made in prior years.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at 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.

EAGLE EXECUTIVE TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
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

1.9
Foreign exchange

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
7
7
EAGLE EXECUTIVE TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
10,653
Amortisation and impairment
At 1 January 2024 and 31 December 2024
10,652
Carrying amount
At 31 December 2024
1
At 31 December 2023
1
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
10,857
Disposals
(1,709)
At 31 December 2024
9,148
Depreciation and impairment
At 1 January 2024
5,108
Depreciation charged in the year
1,241
Eliminated in respect of disposals
(1,709)
At 31 December 2024
4,640
Carrying amount
At 31 December 2024
4,508
At 31 December 2023
5,749
5
Fixed asset investments
2024
2023
£
£
Other investments other than loans
1
1
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
104,538
103,439
EAGLE EXECUTIVE TRAVEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
6,786
7,140
Trade creditors
55,550
55,203
Taxation and social security
24,730
48,517
Other creditors
178,867
165,628
265,933
276,488
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
26,450
32,243
9
Financial commitments, guarantees and contingent liabilities

As at 31 December 2024 IAIC Limited had supplied bonds which are secured to the following beneficiaries:

£

 

Association of British Travel Agents 47,448

10
Ultimate Controlling Party

The controlling party is Carsue Limited, a company incorporated in England and Wales.

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