Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Directors

The director shown below has held office during the whole of the period from
1 January 2024 to 31 December 2024

Francis TORRILLA

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 June 2025

And signed on behalf of the board by:
Name: Francis TORRILLA
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2024

	2024	2023
	£	£
Turnover:	25,092,991	25,310,455
Cost of sales:	( 18,808,243 )	( 20,401,212 )
Gross profit(or loss):	6,284,748	4,909,243
Administrative expenses:	( 4,478,955 )	( 4,498,326 )
Operating profit(or loss):	1,805,793	410,917
Profit(or loss) before tax:	1,805,793	410,917
Tax:	( 452,059 )	( 232,142 )
Profit(or loss) for the financial year:	1,353,734	178,775

Balance sheet

As at 31 December 2024

	Notes	2024	2023
		£	£
Fixed assets
Intangible assets:	3	128,709	160,886
Investments:	4		50,000
Total fixed assets:		128,709	210,886
Current assets
Debtors:	5	10,714,833	10,231,790
Cash at bank and in hand:		306,540	356,814
Total current assets:		11,021,373	10,588,604
Creditors: amounts falling due within one year:	6	( 6,182,253 )	( 7,430,508 )
Net current assets (liabilities):		4,839,120	3,158,096
Total assets less current liabilities:		4,967,829	3,368,982
Total net assets (liabilities):		4,967,829	3,368,982
Capital and reserves
Called up share capital:		5,783,063	5,783,063
Other reserves:		28,572	(216,541 )
Profit and loss account:		(843,806 )	(2,197,540 )
Total Shareholders' funds:		4,967,829	3,368,982

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Turnover policy

  Turnover represents the invoiced value of services provided exclusive of value added tax, in respect of holidays taken for departure dates up to the reporting date. Turnover is generated from the sale of a bundled performance obligation, being a holiday package, with a fixed price. Income is not treated as earned until departure date. Income from the rendering of services is recognised in accordance with the stage of completion. Stage of completion is measured by the number of departed nights in a booking that fall in a particular year. Total revenue for a booking is assumed to accrue evenly across each day.

  Tangible fixed assets depreciation policy

  Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as shown below: Fixtures and fittings - 10 years Computer equipment - 4 years The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  Intangible fixed assets amortisation policy

  Externally generated intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Amortisation is provided on the following basis: Software - 3 - 5 years Software consists of website development costs that have been capitalised to the extent that an enduring asset has been created where future economic benefits are expected to arise.

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 2. Employees

  	2024	2023
  Average number of employees during the period	39	35