Witney Travel Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02828408 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

WITNEY TRAVEL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R Perriss

E Perriss

J Perriss

SECRETARY:

E Perriss

REGISTERED OFFICE:

The Paddocks

High Street

Hook Norton

Oxfordshire

OX15 5NH

REGISTERED NUMBER:

02828408 (England and Wales)

ACCOUNTANTS:

William Evans & Partners

20 Harcourt Street

London

W1H 4HG

BANKERS:

Lloyds TSB

Dominions House

Eton Place

64 High Street

Burnham

Buckinghamshire

SL1 7JT

FIXED ASSETS

Intangible assets

4

28,943

Tangible assets

5

-

7,062

Investments

6

4,750

33,693

40,755

CURRENT ASSETS

Debtors

7

71,066

76,551

Cash at bank

23,922

105,349

94,988

181,900

CREDITORS

Amounts falling due within one year

8

(2,252

)

(2,252

)

NET CURRENT ASSETS

92,736

179,648

TOTAL ASSETS LESS CURRENT
LIABILITIES

126,429

220,403

CAPITAL AND RESERVES

Called up share capital

100

84,000

Capital redemption reserve

42,000

Other reserves

188

Retained earnings

84,141

94,215

SHAREHOLDERS' FUNDS

126,429

220,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 20 February 2025 and were signed on its behalf by:

J R Perriss - Director

1.	STATUTORY INFORMATION

Witney Travel 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.

The accounts have been prepared under the historical cost convention.

Turnover

Turnover represents the value of commissions earned in the year on travel sold, and management fees.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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.

Depreciation of fixed assets

Depreciation has been provided on a reducing balance basis on Plant & Machinery to write off the excess of cost over the estimated residual value of the assets over their expected useful lives at annual rates of 25%. Freehold property in use for the company's activities is being written off on a straight line basis over the expected useful life of 50 years. The greater part of the company's freehold property is held as investment property and is not therefore depreciable.

Foreign currencies

Assets and Liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Going concern

The financial statements have been prepared on the basis that the company will continue to trade as a going concern.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2023

and 30 November 2024

28,943

NET BOOK VALUE

At 30 November 2024

28,943

At 30 November 2023

28,943

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2023

and 30 November 2024

177,671

DEPRECIATION

At 1 December 2023

170,609

Charge for year

7,062

At 30 November 2024

177,671

NET BOOK VALUE

At 30 November 2024

-

At 30 November 2023

7,062

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 December 2023

and 30 November 2024

4,750

NET BOOK VALUE

At 30 November 2024

4,750

At 30 November 2023

4,750

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

71,066

76,551

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other creditors

2,252

9.	10. SHARE CAPITAL

On 8th May 2024 the company passed a Special Resolution reducing the share capital of the company by 83,900 ordinary shares of £1 each.