REGISTERED NUMBER: 03526969 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Activity Gift Vouchers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Maitland

A F Maitland

C P Maitland

Miss R E Maitland

SECRETARY:

Mrs S E Maitland

REGISTERED OFFICE:

204 Biggin Hill Airport

Westerham

Kent

TN16 3BN

REGISTERED NUMBER:

03526969 (England and Wales)

ACCOUNTANTS:

CWF & Partners Ltd

Chartered Accountants

Freedman House

Christopher Wren Yard

117 High Street

Croydon

Surrey

CR0 1QG

FIXED ASSETS

Tangible assets

5

19,980

26,615

Investments

6

-

15,679

19,980

42,294

CURRENT ASSETS

Debtors

7

212,021

164,890

Investments

8

501,059

1,196,843

Cash at bank

2,413,371

1,944,094

3,126,451

3,305,827

CREDITORS

Amounts falling due within one year

9

(2,257,529

)

(2,524,808

)

NET CURRENT ASSETS

868,922

781,019

TOTAL ASSETS LESS CURRENT LIABILITIES

888,902

823,313

PROVISIONS FOR LIABILITIES

10

(4,659

)

(4,746

)

NET ASSETS

884,243

818,567

CAPITAL AND RESERVES

Called up share capital

11

103

103

Retained earnings

884,140

818,464

SHAREHOLDERS' FUNDS

884,243

818,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:

J Maitland - Director

1.	STATUTORY INFORMATION

Activity Gift Vouchers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is the amount receivable by the company in the ordinary course of business for goods and services

provided in the UK during the year excluding discounts and value added tax. The following criteria must also be met before turnover is recognised;

Vouchers (Principle)

The company recognises the full face value of the voucher paid by the customer for experience vouchers sold where the company is the principle, net of value added tax. The turnover is recognised at the point of sale to the customer.

Vouchers (Agent)

Turnover from the sale of experience vouchers sold as an agent, represents commission net of value added tax and income from the non-redemption of the experience vouchers. The agents commission is the net of gross value of the face value voucher less payment passed on by the company to the provider of the experience. The company recognises the turnover as agent at the point of sale to the end customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-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.

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

Current asset investments are stated at the lower of cost and net realisable value.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

30,339

27,995

58,334

DEPRECIATION

At 1 January 2024

29,969

1,750

31,719

Charge for year

74

6,561

6,635

At 31 December 2024

30,043

8,311

38,354

NET BOOK VALUE

At 31 December 2024

296

19,684

19,980

At 31 December 2023

370

26,245

26,615

6.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST

At 1 January 2024

15,679

Additions

772

Disposals

(16,451

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

15,679

All the listed investments were sold on 15 October 2024 for £27,199.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

159,198

8,143

Other debtors

52,823

156,747

212,021

164,890

8.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Listed investments

501,059

1,196,843

Market value of listed investments at 31 December 2024 - £ 502,893 (2023 - £ 1,216,222 ).

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

2,020,028

2,237,592

Taxation and social security

122,529

162,280

Other creditors

114,972

124,936

2,257,529

2,524,808

10.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

4,659

4,746

Deferred

tax

£

Balance at 1 January 2024

4,746

Credit to Income Statement during year

(87

)

Balance at 31 December 2024

4,659

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1,030

Ordinary

£0.10

103

103