City Travel (U.K.) Limited

Financial Statements for the Year Ended 31 December 2024

DIRECTORS:

S M Gay

C Gay

REGISTERED OFFICE:

2 Heol Y Bryn

Rhiwbina

Cardiff

CF14 6HY

REGISTERED NUMBER:

03909796 (England and Wales)

ACCOUNTANTS:

BPU Limited

Chartered Accountants

Radnor House

Greenwood Close

Cardiff Gate Business Park

Cardiff

CF23 8AA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of City Travel (U.K.) Limited for the year ended 31 December 2024 which comprise the Profit and Loss, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of City Travel (U.K.) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of City Travel (U.K.) Limited and state those matters that we have agreed to state to the Board of Directors of City Travel (U.K.) Limited, as a body, in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than City Travel (U.K.) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that City Travel (U.K.) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of City Travel (U.K.) Limited. You consider that City Travel (U.K.) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of City Travel (U.K.) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BPU Limited

Chartered Accountants

25 September 2025

FIXED ASSETS

Tangible assets

3

17,178

21,550

CURRENT ASSETS

Debtors

4

425,617

382,391

Cash at bank

16,916

28,918

442,533

411,309

CREDITORS

Amounts falling due within one year

5

138,702

101,033

NET CURRENT ASSETS

303,831

310,276

TOTAL ASSETS LESS CURRENT
LIABILITIES

321,009

331,826

CREDITORS

Amounts falling due after more than
one year

6

(38,560

)

(49,266

)

PROVISIONS FOR LIABILITIES

(4,300

)

(5,200

)

NET ASSETS

278,149

277,360

CAPITAL AND RESERVES

Called up share capital

60

Retained earnings

278,089

277,300

SHAREHOLDERS' FUNDS

278,149

277,360

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

S M Gay - Director

1.	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

The turnover shown in the profit and loss account represents amounts receivable in the ordinary course of business from the principal activity of the company, exclusive of value added tax and trade discounts.

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% straight line

Motor vehicles

-

20% reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Leasing commitments and hire purchase

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 January 2024

and 31 December 2024

10,020

31,870

41,890

DEPRECIATION

At 1 January 2024

9,292

11,048

20,340

Charge for year

208

4,164

4,372

At 31 December 2024

9,500

15,212

24,712

NET BOOK VALUE

At 31 December 2024

520

16,658

17,178

At 31 December 2023

728

20,822

21,550

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

142,617

114,391

Other debtors & prepayments

283,000

268,000

425,617

382,391

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank overdraft

5,986

5,863

Hire purchase contracts

4,716

Trade creditors

74,170

55,443

Taxes & social security costs

20,330

19,409

Other creditors & accruals

33,500

15,602

138,702

101,033

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2024

2023

£

Bank loans

27,923

33,913

Hire purchase contracts

10,637

15,353

38,560

49,266