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Registered number: 08925165
Independent School Travel Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2025
HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr A Williams
Company Number 08925165
Registered Office Severn House
Hazell Drive
Newport
South Wales
NP10 8FY
Accountants HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Page 1
Page 2
Balance Sheet
Registered number: 08925165
30 April 2025 30 April 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,367 3,848
Tangible Assets 5 1,831 982
5,198 4,830
CURRENT ASSETS
Debtors 6 234,106 211,447
Cash at bank and in hand 21,960 32,110
256,066 243,557
Creditors: Amounts Falling Due Within One Year 7 (130,044 ) (99,525 )
NET CURRENT ASSETS (LIABILITIES) 126,022 144,032
TOTAL ASSETS LESS CURRENT LIABILITIES 131,220 148,862
Creditors: Amounts Falling Due After More Than One Year 8 (20,523 ) (23,750 )
NET ASSETS 110,697 125,112
CAPITAL AND RESERVES
Called up share capital 10 35,300 35,300
Share premium account 44,697 44,697
Profit and Loss Account 30,700 45,115
SHAREHOLDERS' FUNDS 110,697 125,112
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Page 3
For the year ending 30 April 2025 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 A Williams
Director
18 September 2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Independent School Travel Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08925165 . The registered office is Severn House, Hazell Drive, Newport, South Wales, NP10 8FY.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are  website.  It is amortised to the profit and loss account at 10% striaght line.
2.4. 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 25% straight line
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 2)
3 2
4. Intangible Assets
Other
£
Cost
As at 1 May 2024 4,810
As at 30 April 2025 4,810
Amortisation
As at 1 May 2024 962
Provided during the period 481
As at 30 April 2025 1,443
Net Book Value
As at 30 April 2025 3,367
As at 1 May 2024 3,848
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2024 4,073
Additions 1,561
As at 30 April 2025 5,634
Depreciation
As at 1 May 2024 3,091
Provided during the period 712
As at 30 April 2025 3,803
Net Book Value
As at 30 April 2025 1,831
As at 1 May 2024 982
6. Debtors
30 April 2025 30 April 2024
£ £
Due within one year
Trade debtors 71,284 82,500
Other debtors 162,822 128,947
234,106 211,447
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7. Creditors: Amounts Falling Due Within One Year
30 April 2025 30 April 2024
£ £
Trade creditors 9 -
Bank loans and overdrafts 9,784 14,635
Other creditors 104,497 76,443
Taxation and social security 15,754 8,447
130,044 99,525
8. Creditors: Amounts Falling Due After More Than One Year
30 April 2025 30 April 2024
£ £
Bank loans 20,523 23,750
9. Secured Creditors
Of the creditors the following amounts are secured.
30 April 2025 30 April 2024
£ £
Bank loans and overdrafts 30,307 38,385
10. Share Capital
30 April 2025 30 April 2024
£ £
Allotted, Called up and fully paid 35,300 35,300
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