HOLIDAYS FRIEND LIMITED - Filleted accounts

Registered number

11158193

HOLIDAYS FRIEND LIMITED

Filleted Accounts

31 March 2025

HOLIDAYS FRIEND LIMITED
Registered number:		11158193
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		47,736			56,796

Current assets
Stocks		25,444			35,992
Debtors	4	21,314			58,951
Cash at bank and in hand		222,340			206,327
		269,098			301,270

Creditors: amounts falling due within one year	5	(54,591)			(61,399)

Net current assets			214,507			239,871

Total assets less current liabilities			262,243			296,667

Creditors: amounts falling due after more than one year	6		(19,981)			(34,751)



Net assets			242,262			261,916

Capital and reserves
Called up share capital			2			2
Profit and loss account			242,260			261,914

Shareholder's funds			242,262			261,916

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A Weldesenbet
Director
Approved by the board on 29 September 2025

HOLIDAYS FRIEND LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of 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
	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:

	Motor Vehicles			over 10 years straight line
	Plant and machinery			over 4 years straight line
	Fixtures, fittings, tools and equipment			over 10 years straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					7		7


3	Tangible fixed assets
		Office Eqipments		Furniture & Fixtures		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	3,313		50,300		37,544		91,157
	Additions	312		-		-		312
	At 31 March 2025	3,625		50,300		37,544		91,469

	Depreciation
	At 1 April 2024	1,487		30,058		2,816		34,361
	Charge for the year	588		5,030		3,754		9,372
	At 31 March 2025	2,075		35,088		6,570		43,733

	Net book value
	At 31 March 2025	1,550		15,212		30,974		47,736
	At 31 March 2024	1,826		20,242		34,728		56,796


4	Debtors					2025		2024
£							£

	Trade debtors					1,902		11,951
	Other debtors					-		30,600
	Prepayments					5,012		2,000
	Deposit					14,400		14,400
						21,314		58,951


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					10,099		10,000
	Obligations under finance lease and hire purchase contracts					4,893		4,329
	Trade creditors					4,560		87
	Taxation and social security costs					27,366		32,296
	Wages Payable					-		6,197
	PAYE Payable					-		921
	Pension Payable					144		64
	VAT					7,190		5,305
	Director's Loan Account					39		624
	Accruals					300		1,576
						54,591		61,399


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					1,038		10,915
	Obligations under finance lease and hire purchase contracts					18,943		23,836
						19,981		34,751

	Bank loan relates to Bounce Back Loan scheme set up by the Government to help businesses with Covid-19. It is Government backed unsecured loan. The loan is for a period of six years. No interest is payable for the first year of the loan, and thereafter interest is charged at 2.5% per annum.

	The company entered into a finance lease for a period of 3 years, due to end by 16th July 2026 and the applicable interest is 4% per annum.

7	Other information

	HOLIDAYS FRIEND LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Renaissance Hotel
	Bath Road
	Heathrow
	Hounslow
	TW6 2AQ