Swan Travel Limited - Filleted accounts

Registered number

11865200

Swan Travel Limited

Filleted Accounts

31 March 2025

Swan Travel Limited
Registered number:		11865200
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		933,555			501,553

Current assets
Debtors	5	109,307			42,508
Cash at bank and in hand		305,462			209,882
		414,769			252,390

Creditors: amounts falling due within one year	6	(336,878)			(265,636)

Net current assets/(liabilities)			77,891			(13,246)

Total assets less current liabilities			1,011,446			488,307

Creditors: amounts falling due after more than one year	7		(619,511)			(150,589)

Provisions for liabilities			(65,906)			(34,146)


Net assets			326,029			303,572

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			325,029			302,572

Shareholder's funds			326,029			303,572

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.




Jasminder Ali
Director
Approved by the board on 28 November 2025

Swan Travel 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 the rendering of services. 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:

	Freehold buildings			1% straight line
	Plant and machinery			15% Reducing balance
	Motor vehicles			25% 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.

	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	Going Concern

	The Director has considered the company's business activities, together with the factors likely to affect its future development, performance and position that are effected due to Covid19 restrictions. The director has considered the company's financial resources together with its customer base and supply chain. . As a consequence, the director believes that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continue to adopt the going concern basis of accounting in preparing the annual financial statements The director has continued to prepare the accounts on a going concern basis and deem this appropriate. The director does not consider that a material uncertainty about the going concern status currently exists,in making this assessment. The director considered the likely trading conditions for the period of 12 months from that date approval of these accounts



3	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					4		4


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	243,666		5,241		567,350		816,257
	Additions	-		2,949		561,236		564,185
	Disposals	-		-		(115,000)		(115,000)
	At 31 March 2025	243,666		8,190		1,013,586		1,265,442

	Depreciation
	At 1 April 2024	7,311		956		306,437		314,704
	Charge for the year	2,437		1,085		101,371		104,893
	On disposals	-		-		(87,710)		(87,710)
	At 31 March 2025	9,748		2,041		320,098		331,887

	Net book value
	At 31 March 2025	233,918		6,149		693,488		933,555
	At 31 March 2024	236,355		4,285		260,913		501,553


5	Debtors					2025		2024
£							£

	Trade debtors					19,605		28,064
	Other debtors					89,702		14,444
						109,307		42,508


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

	Bank loans and overdrafts					-		60,628
	Obligations under finance lease and hire purchase contracts					161,130		32,393
	Trade creditors					-		1,943
	Taxation and social security costs					14,069		32,366
	Other creditors					161,679		138,306
						336,878		265,636


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

	Bank loans					202,600		47,584
	Obligations under finance lease and hire purchase contracts					416,911		103,005
						619,511		150,589


8	Other information

	Swan Travel Limited is a private company limited by shares and incorporated in England. Its registered office is:
	,Unit 26 , 20 James Road
	Tyseley
	Birmingham
	B11 2BA