| Born2Ski & Travel Ltd |
| Notes to the Accounts |
| for the year ended 30 November 2024 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises commission received as agent. Amounts received in advance of services rendered are carried forward in creditors as deferred income. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold buildings |
over 50 years |
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Leasehold land and buildings |
over the lease term |
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Plant and machinery |
over 5 years |
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Fixtures, fittings and equipment |
over 5 years |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the original booking transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
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| 3 |
Tangible fixed assets |
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Fixtures, fittings & equipment |
| £ |
|
Cost |
|
At 1 December 2023 |
12,793 |
|
Additions |
875 |
|
At 30 November 2024 |
13,668 |
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Depreciation |
|
At 1 December 2023 |
4,227 |
|
Charge for the year |
2,559 |
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At 30 November 2024 |
6,786 |
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Net book value |
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At 30 November 2024 |
6,882 |
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At 30 November 2023 |
8,566 |
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| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Other debtors |
87,058 |
|
39,445 |
|
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| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
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Taxation and social security costs |
1,660 |
|
248 |
|
Other creditors |
161,873 |
|
109,419 |
|
|
|
|
|
|
163,533 |
|
109,667 |
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| 6 |
Other information |
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Born2Ski & Travel Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
16 Rutland Street |
|
Filey |
|
YO14 9JB |