REGISTERED NUMBER: SC355249 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

JMB TRAVEL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M W Bell

SECRETARY:

M W Bell

REGISTERED OFFICE:

101 Main Street

Bogside

Newmains

Wishaw

ML2 9BG

REGISTERED NUMBER:

SC355249 (Scotland)

ACCOUNTANTS:

Galbraith Pritchards

Chartered Accountants

25 Bloomgate

Lanark

Lanarkshire

ML11 9ET

FIXED ASSETS

Tangible assets

4

2,662,922

2,277,341

CURRENT ASSETS

Stocks

8,809

8,108

Debtors

5

183,708

510,832

Cash at bank and in hand

2,239,845

2,291,509

2,432,362

2,810,449

CREDITORS

Amounts falling due within one year

6

893,565

726,832

NET CURRENT ASSETS

1,538,797

2,083,617

TOTAL ASSETS LESS CURRENT LIABILITIES

4,201,719

4,360,958

CREDITORS

Amounts falling due after more than one year

7

(1,121,836

)

(1,211,878

)

PROVISIONS FOR LIABILITIES

(616,697

)

(547,851

)

NET ASSETS

2,463,186

2,601,229

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,463,184

2,601,227

2,463,186

2,601,229

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 director acknowledges his 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 director and authorised for issue on 18 September 2025 and were signed by:

M W Bell - Director

1.	STATUTORY INFORMATION

JMB Travel Limited is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 20% on reducing balance, 12.5% on reducing balance and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 81 (2023 - 82 ) .

4.	TANGIBLE FIXED ASSETS

Tenants

Plant and

improvements

equipment

Buses

£

£

£

COST

At 1 January 2024

183,036

529,015

3,451,532

Additions

-

81,330

938,833

Disposals

-

-

(6,300

)

At 31 December 2024

183,036

610,345

4,384,065

DEPRECIATION

At 1 January 2024

48,010

254,430

1,663,584

Charge for year

17,629

60,306

545,026

Eliminated on disposal

-

-

(4,649

)

At 31 December 2024

65,639

314,736

2,203,961

NET BOOK VALUE

At 31 December 2024

117,397

295,609

2,180,104

At 31 December 2023

135,026

274,585

1,787,948

Motor

cars

Vans

Totals

£

£

£

COST

At 1 January 2024

117,703

102,148

4,383,434

Additions

13,300

-

1,033,463

Disposals

-

-

(6,300

)

At 31 December 2024

131,003

102,148

5,410,597

DEPRECIATION

At 1 January 2024

71,682

68,387

2,106,093

Charge for year

14,830

8,440

646,231

Eliminated on disposal

-

-

(4,649

)

At 31 December 2024

86,512

76,827

2,747,675

NET BOOK VALUE

At 31 December 2024

44,491

25,321

2,662,922

At 31 December 2023

46,021

33,761

2,277,341

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Buses

£

COST

At 1 January 2024

2,805,561

Additions

603,000

Transfer to ownership

(199,500

)

At 31 December 2024

3,209,061

DEPRECIATION

At 1 January 2024

1,244,759

Charge for year

418,334

Transfer to ownership

(127,367

)

At 31 December 2024

1,535,726

NET BOOK VALUE

At 31 December 2024

1,673,335

At 31 December 2023

1,560,802

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

15,400

36,652

Other debtors

677

827

Sundry debtors

23,004

-

Taxation

-

82,590

Directors' loan accounts

-

209,600

VAT

93,519

129,311

Prepayments

51,108

51,852

183,708

510,832

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bounce back loan

15,833

25,833

Hire purchase contracts

538,343

475,087

Trade creditors

180,677

97,365

Tax

-

40,466

Social security and other taxes

46,844

53,942

Other loans

96,144

13,504

Directors' loan accounts

779

-

Accrued expenses

14,945

20,635

893,565

726,832

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Hire purchase contracts

1,121,836

1,211,878

8.	ULTIMATE CONTROLLING PARTY