REGISTERED NUMBER: SC491429 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Canavan Travel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Canavan

Mrs R Canavan

REGISTERED OFFICE:

Pavilion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

REGISTERED NUMBER:

SC491429 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

Pavilion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

FIXED ASSETS

Tangible assets

4

383,679

317,910

CURRENT ASSETS

Debtors

5

31,586

69,186

Cash at bank

100,919

25,000

132,505

94,186

CREDITORS

Amounts falling due within one year

6

149,080

151,229

NET CURRENT LIABILITIES

(16,575

)

(57,043

)

TOTAL ASSETS LESS CURRENT LIABILITIES

367,104

260,867

CREDITORS

Amounts falling due after more than one year

7

(198,621

)

(173,970

)

PROVISIONS FOR LIABILITIES

(44,572

)

(30,716

)

NET ASSETS

123,911

56,181

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

123,811

56,081

SHAREHOLDERS' FUNDS

123,911

56,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 12 December 2025 and were signed on its behalf by:

J Canavan - Director

1.	STATUTORY INFORMATION

Canavan Travel Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 May 2024

503,400

10,000

513,400

Additions

110,000

12,824

122,824

At 30 April 2025

613,400

22,824

636,224

DEPRECIATION

At 1 May 2024

191,115

4,375

195,490

Charge for year

52,443

4,612

57,055

At 30 April 2025

243,558

8,987

252,545

NET BOOK VALUE

At 30 April 2025

369,842

13,837

383,679

At 30 April 2024

312,285

5,625

317,910

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Other debtors

10,000

10,000

VAT

-

20,083

Accrued income

21,586

25,452

Prepayments

-

13,651

31,586

69,186

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

10,185

14,654

Hire purchase contracts

61,049

42,228

Trade creditors

41,208

67,213

Social security and other taxes

11,607

10,119

VAT

7,555

-

Other creditors

34

649

Accruals and deferred income

17,442

16,366

149,080

151,229

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans - 1-2 years

833

10,000

Bank loans - 2-5 years

-

833

Hire purchase contracts

197,788

163,137

198,621

173,970

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 May 2024

56,081

Profit for the year

156,380

Dividends

(88,650

)

At 30 April 2025

123,811