ACORN TRAVEL SOUTH WALES LTD - Filleted accounts

Registered number

04629606

ACORN TRAVEL SOUTH WALES LTD

Filleted Accounts

31 March 2025

ACORN TRAVEL SOUTH WALES LTD
Registered number:		04629606
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		637,548			412,945

Current assets
Debtors	4	130,869			147,403
Cash at bank and in hand		63,923			67,761
		194,792			215,164

Creditors: amounts falling due within one year	5	(157,035)			(147,239)

Net current assets			37,757			67,925

Total assets less current liabilities			675,305			480,870

Creditors: amounts falling due after more than one year	6		(334,790)			(199,883)



Net assets			340,515			280,987

Capital and reserves
Called up share capital			2			2
Profit and loss account			340,513			280,985

Shareholders' funds			340,515			280,987

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




Mr D Morgan
Director
Approved by the board on 22 December 2025

ACORN TRAVEL SOUTH WALES LTD
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	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:

	Fixtures, fittings, tools and equipment			20% reducing balance
	Motor vehicles			20% reducing balance

	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.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	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					26		14


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	5,550		75,060		619,600		700,210
	Additions	-		7,584		324,359		331,943
	At 31 March 2025	5,550		82,644		943,959		1,032,153

	Depreciation
	At 1 April 2024	-		33,659		253,606		287,265
	Charge for the year	-		9,797		97,543		107,340
	At 31 March 2025	-		43,456		351,149		394,605

	Net book value
	At 31 March 2025	5,550		39,188		592,810		637,548
	At 31 March 2024	5,550		41,401		365,994		412,945


4	Debtors					2025		2024
£							£

	Trade debtors					69,348		80,094
	Other debtors					61,521		67,309
						130,869		147,403


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

	Bank loans and overdrafts					34,200		38,158
	Obligations under finance lease and hire purchase contracts					93,595		74,058
	Trade creditors					18,824		18,547
	Other taxes and social security costs					7,989		9,776
	Other creditors					2,427		6,700
						157,035		147,239


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

	Bank loans					21,834		58,434
	Obligations under finance lease and hire purchase contracts					312,956		141,449
						334,790		199,883


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr D A Morgan
	Directors loan account	(3,570)		95,626		(92,137)		(81)

		(3,570)		95,626		(92,137)		(81)


8	Related party transactions

	Mr David Morgan is a director and shareholder of both Acorn Travel South Wales Ltd and Acorn General & Commercial Limited. At the balance sheet date Acorn Travel South Wales Ltd were owed £50,392.68 (2024: £37,365.29) from Acorn General & Commercial Limited.

9	Controlling Party

	The company is ultmately controlled by the directors by virtue of their shareholding.


10	Other information

	ACORN TRAVEL SOUTH WALES LTD is a private company limited by shares and incorporated in England. Its registered office is:
	78 High Street
	Trelewis
	Mid Glamorgan
	CF46 6AD