McConville Travel Limited NI702195 false 2023-09-22 2024-09-30 2024-09-30 The principal activity of the company is Passenger Transport Digita Accounts Production Advanced 6.30.9574.0 true NI702195 2023-09-22 2024-09-30 NI702195 2024-09-30 NI702195 bus:Director1 1 2024-09-30 NI702195 bus:OrdinaryShareClass1 2024-09-30 NI702195 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-09-30 NI702195 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-09-30 NI702195 core:CurrentFinancialInstruments 2024-09-30 NI702195 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 NI702195 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 NI702195 core:MotorVehicles 2024-09-30 NI702195 bus:SmallEntities 2023-09-22 2024-09-30 NI702195 bus:AuditExemptWithAccountantsReport 2023-09-22 2024-09-30 NI702195 bus:FilletedAccounts 2023-09-22 2024-09-30 NI702195 bus:SmallCompaniesRegimeForAccounts 2023-09-22 2024-09-30 NI702195 bus:RegisteredOffice 2023-09-22 2024-09-30 NI702195 bus:Director1 2023-09-22 2024-09-30 NI702195 bus:Director1 1 2023-09-22 2024-09-30 NI702195 bus:OrdinaryShareClass1 2023-09-22 2024-09-30 NI702195 bus:PrivateLimitedCompanyLtd 2023-09-22 2024-09-30 NI702195 bus:Agent1 2023-09-22 2024-09-30 NI702195 core:MotorVehicles 2023-09-22 2024-09-30 NI702195 countries:NorthernIreland 2023-09-22 2024-09-30 NI702195 bus:Director1 1 2023-09-21 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI702195

McConville Travel Limited

Unaudited Filleted Financial Statements

for the Period from 22 September 2023 to 30 September 2024

 

McConville Travel Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

McConville Travel Limited

Company Information

Director

Mr Patrick McConville

Registered office

18 Woodside Park
Bessbrook
Newry
Down
BT35 7ES

Accountants

SP McKeown & Co Ltd
Chartered Certified Accountants, Registered Auditors and Tax Advisors5 Lower Catherine Street
Newry
Co Down
BT35 6BE

 

McConville Travel Limited

(Registration number: NI702195)
Balance Sheet as at 30 September 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

31,515

Current assets

 

Stocks

5

6,000

Debtors

6

901

Cash at bank and in hand

 

2,969

 

9,870

Creditors: Amounts falling due within one year

7

(17,568)

Net current liabilities

 

(7,698)

Total assets less current liabilities

 

23,817

Creditors: Amounts falling due after more than one year

7

(13,021)

Provisions for liabilities

(5,988)

Net assets

 

4,808

Capital and reserves

 

Called up share capital

8

100

Retained earnings

4,708

Shareholders' funds

 

4,808

For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 August 2025
 

.........................................
Mr Patrick McConville
Director

   
     
 

McConville Travel Limited

Notes to the Unaudited Financial Statements for the Period from 22 September 2023 to 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
18 Woodside Park
Bessbrook
Newry
Down
BT35 7ES

These financial statements were authorised for issue by the director on 29 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

 

McConville Travel Limited

Notes to the Unaudited Financial Statements for the Period from 22 September 2023 to 30 September 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

McConville Travel Limited

Notes to the Unaudited Financial Statements for the Period from 22 September 2023 to 30 September 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

McConville Travel Limited

Notes to the Unaudited Financial Statements for the Period from 22 September 2023 to 30 September 2024

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

35,017

35,017

At 30 September 2024

35,017

35,017

Depreciation

Charge for the period

3,502

3,502

At 30 September 2024

3,502

3,502

Carrying amount

At 30 September 2024

31,515

31,515

5

Stocks

2024
£

Work in progress

6,000

6

Debtors

Current

2024
£

Other debtors

901

 

901

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

9

5,128

Accruals and deferred income

 

980

Other creditors

 

11,460

 

17,568

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

9

13,021

 

McConville Travel Limited

Notes to the Unaudited Financial Statements for the Period from 22 September 2023 to 30 September 2024

8

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary share of £1 each

100

100

   

9

Loans and borrowings

Non-current loans and borrowings

2024
£

Hire purchase contracts

13,021

Current loans and borrowings

2024
£

Hire purchase contracts

5,128

10

Related party transactions

 

McConville Travel Limited

Notes to the Unaudited Financial Statements for the Period from 22 September 2023 to 30 September 2024

Transactions with the director

2024

At 22 September 2023
£

Advances to director
£

Repayments by director
£

At 30 September 2024
£

Mr Patrick McConville

Directors loan account

-

(14,870)

26,330

11,459

 

McConville Travel Limited

Notes to the Unaudited Financial Statements for the Period from 22 September 2023 to 30 September 2024

Director's remuneration

The director's remuneration for the period was as follows:

2024
£

Remuneration

7,450