Company Registration No. NI601088 (Northern Ireland)
Belfast City Sightseeing Limited
Unaudited accounts
for the year ended 31 December 2024
Belfast City Sightseeing Limited
Unaudited accounts
Contents
Belfast City Sightseeing Limited
Company Information
for the year ended 31 December 2024
Directors
Paul Cunningham
George Grimley
Travel Ireland Coach Tours Ltd
Company Number
NI601088 (Northern Ireland)
Registered Office
10 Great Victoria Street
Belfast
Antrim
BT2 7BA
United Kingdom
Accountants
PGR Chartered Accountants
Unit 2 Channel Wharf
21 Old Channel Road
Belfast
Antrim
BT3 9DE
Belfast City Sightseeing Limited
Statement of financial position
as at 31 December 2024
Tangible assets
639,200
312,814
Cash at bank and in hand
1,549
22,483
Creditors: amounts falling due within one year
(246,189)
(169,640)
Net current assets
257,368
1,407
Total assets less current liabilities
896,568
314,221
Creditors: amounts falling due after more than one year
(623,076)
(93,577)
Net assets
273,492
220,644
Called up share capital
100
100
Profit and loss account
273,392
220,544
Shareholders' funds
273,492
220,644
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
Paul Cunningham
Director
Company Registration No. NI601088
Belfast City Sightseeing Limited
Notes to the Accounts
for the year ended 31 December 2024
Belfast City Sightseeing Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI601088. The registered office is 10 Great Victoria Street, Belfast, Antrim, BT2 7BA, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Having reviewed the resources available, the directors believe that Belfast City Sightseeing Limited has sufficient resources available to enable it to continue in operation for a least a period of 12 months from the date of approval of the financial statements. Accordingly, Belfast City Sightseeing Limited continues to adopt the going concern basis in preparation of its financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of bus hire and tour operator services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Belfast City Sightseeing Limited
Notes to the Accounts
for the year ended 31 December 2024
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
26,792
953,493
89,300
1,069,585
Additions
-
426,022
9,295
435,317
At 31 December 2024
26,792
1,379,515
98,595
1,504,902
At 1 January 2024
1,521
686,985
68,265
756,771
Charge for the year
5,054
97,083
6,794
108,931
At 31 December 2024
6,575
784,068
75,059
865,702
At 31 December 2024
20,217
595,447
23,536
639,200
At 31 December 2023
25,271
266,508
21,035
312,814
Finished goods
1,400
1,400
Amounts falling due within one year
Trade debtors
61,660
42,281
Amounts due from group undertakings etc.
398,404
101,126
Accrued income and prepayments
14,034
-
Belfast City Sightseeing Limited
Notes to the Accounts
for the year ended 31 December 2024
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
15,672
11,955
Obligations under finance leases and hire purchase contracts
113,372
51,908
Trade creditors
69,782
70,713
Amounts owed to group undertakings and other participating interests
12,689
-
Taxes and social security
4,891
18,780
Other creditors
19,783
529
Loans from directors
4,000
9,000
Bank loans and overdrafts are secured by way of fixed and floating charge over the assets of the company.
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
403,036
42,097
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Transactions with related parties
Included within debtors are amounts due from connected companies of £398,404 (2023: £101,126). Included within creditors are amounts due to connected companies of £12,689 (2023: £Nil). All amounts due are interest-free, unsecured and repayable on demand.
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Average number of employees
During the year the average number of employees was 41 (2023: 24).