REGISTERED NUMBER: 00758047 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Milford Haven Travel Agency Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R White

Mrs A Reed

SECRETARY:

M R White

REGISTERED OFFICE:

7 Goat Street

Haverfordwest

Pembrokeshire

SA61 1PX

REGISTERED NUMBER:

00758047 (England and Wales)

FIXED ASSETS

Tangible assets

4

886

1,180

CURRENT ASSETS

Debtors

5

698,639

386,545

Cash at bank and in hand

32,143

69,699

730,782

456,244

CREDITORS

Amounts falling due within one year

6

672,004

402,825

NET CURRENT ASSETS

58,778

53,419

TOTAL ASSETS LESS CURRENT LIABILITIES

59,664

54,599

CREDITORS

Amounts falling due after more than one year

7

15,072

25,000

NET ASSETS

44,592

29,599

CAPITAL AND RESERVES

Called up share capital

40,000

40,000

Capital redemption reserve

6,886

6,886

Retained earnings

(2,294

)

(17,287

)

44,592

29,599

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:

M R White - Director

1.	STATUTORY INFORMATION

Milford Haven Travel Agency 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

56,095

19,559

75,654

DEPRECIATION

At 1 January 2024

54,937

19,537

74,474

Charge for year

289

5

294

At 31 December 2024

55,226

19,542

74,768

NET BOOK VALUE

At 31 December 2024

869

17

886

At 31 December 2023

1,158

22

1,180

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

26,473

27,657

ABTA Bond

10,000

10,000

Ocky White Travel Ltd

660,691

346,461

Tax

1,238

1,238

Prepayments

237

1,189

698,639

386,545

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

661,306

395,244

Tax

77

19

Social security and other taxes

1,127

935

VAT

4,652

3,733

Other creditors

109

81

Accruals and deferred income

4,733

2,813

672,004

402,825

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 2-5 years

15,072

25,000