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Registered number: 08238991
C & E Travel Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr K Kavanagh
Mrs R Kavanagh
Company Number 08238991
Registered Office 24 The Coldra
Newport
NP18 2LP
Accountants HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
NP10 8FY
Page 1
Page 2
Balance Sheet
Registered number: 08238991
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 67,703 107,448
67,703 107,448
CURRENT ASSETS
Debtors 5 49,597 25,774
Cash at bank and in hand 11,816 47,250
61,413 73,024
Creditors: Amounts Falling Due Within One Year 6 (74,047 ) (109,577 )
NET CURRENT ASSETS (LIABILITIES) (12,634 ) (36,553 )
TOTAL ASSETS LESS CURRENT LIABILITIES 55,069 70,895
Creditors: Amounts Falling Due After More Than One Year 7 (35,533 ) (48,918 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,925 ) (20,415 )
NET ASSETS 2,611 1,562
CAPITAL AND RESERVES
Called up share capital 10 10 10
Revaluation reserve 11 1,545 1,545
Profit and Loss Account 1,056 7
SHAREHOLDERS' FUNDS 2,611 1,562
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Page 3
For the year ending 31 March 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr K Kavanagh
Director
19 September 2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
C & E Travel Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08238991 . The registered office is 24 The Coldra, Newport, NP18 2LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period the revision and future periods where the revisions affects both current and future periods
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2024: 12)
11 12
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 2,044 264,531 9,792 276,367
Additions 323 30,800 1,675 32,798
Disposals - (115,431 ) - (115,431 )
As at 31 March 2025 2,367 179,900 11,467 193,734
Depreciation
As at 1 April 2024 2,044 162,848 4,027 168,919
Provided during the period 74 18,161 2,420 20,655
Disposals - (63,543 ) - (63,543 )
As at 31 March 2025 2,118 117,466 6,447 126,031
Net Book Value
As at 31 March 2025 249 62,434 5,020 67,703
As at 1 April 2024 - 101,683 5,765 107,448
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 39,204 24,539
Other debtors 10,393 1,235
49,597 25,774
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 32,307 29,645
Trade creditors 3,200 -
Bank loans and overdrafts 10,000 10,000
Other loans - 5,950
Other creditors 18,127 49,204
Taxation and social security 10,413 14,778
74,047 109,577
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 33,798 34,799
Bank loans 1,735 11,921
Other loans - 2,198
35,533 48,918
8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 32,307 29,645
Bank loans and overdrafts 10,000 10,000
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 32,307 29,645
Later than one year and not later than five years 33,798 34,799
66,105 64,444
66,105 64,444
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
11. Reserves
Revaluation Reserve
£
As at 1 April 2024 1,545
As at 31 March 2025 1,545
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