Registration number: 04580260

Central Travel Sheffield Limited

(Registration number: 04580260)

Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	3	-	-
Tangible assets	4	1,035,767	1,057,485
Investment properties	5	390,453	132,368
		1,426,220	1,189,853
Current assets
Stocks		2,250	2,250
Debtors	6	67,032	99,060
Cash at bank and in hand		357	58,204
		69,639	159,514
Creditors: Amounts falling due within one year	7	(673,781)	(695,272)
Net current liabilities		(604,142)	(535,758)
Total assets less current liabilities		822,078	654,095
Creditors: Amounts falling due after more than one year	7	(754,558)	(607,438)
Provisions for liabilities		(48,040)	(43,632)
Net assets		19,480	3,025
Capital and reserves
Called up share capital		1,100	1,100
Revaluation reserve		148,631	139,148
Retained earnings		(130,251)	(137,223)
Shareholders' funds		19,480	3,025

Central Travel Sheffield Limited

(Registration number: 04580260)

Balance Sheet as at 31 October 2025 (continued)

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 1 April 2026 and signed on its behalf by:
 

.........................................

P W Harrison

Director

Central Travel Sheffield Limited

Notes to the Financial Statements for the Year Ended 31 October 2025

1	Accounting policies

Statutory information

Central Travel Sheffield Limited is a private company, limited by shares, domiciled in England and Wales, company number 04580260. The registered office is at The Old Fire Station, Darnall Road, Sheffield, S9 5AF.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Revenue is recognised upon delivery of services to customers in line with travel dates.

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets over their estimated useful life, as follows:

Central Travel Sheffield Limited

Notes to the Financial Statements for the Year Ended 31 October 2025 (continued)

1	Accounting policies (continued)

Asset class	Depreciation method and rate
Freehold property	2% straight line
Plant and machinery	25% reducing balance
Fixtures, fittings and equipment	25% reducing balance
Motor vehicles	15% reducing balance

Investment properties

Investment properties are carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors with the assistance of external valuers as detailed in note 5 of the financial statements. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Central Travel Sheffield Limited

Notes to the Financial Statements for the Year Ended 31 October 2025 (continued)

1	Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2024 - 13).

Central Travel Sheffield Limited

Notes to the Financial Statements for the Year Ended 31 October 2025 (continued)

3	Intangible assets

	Goodwill  £
Cost
At 1 November 2024	30,000
At 31 October 2025	30,000
Amortisation
At 1 November 2024	30,000
At 31 October 2025	30,000
Carrying amount
At 31 October 2025	-
At 31 October 2024	-

Central Travel Sheffield Limited

Notes to the Financial Statements for the Year Ended 31 October 2025 (continued)

4	Tangible assets

	Freehold property £	Fixtures, fittings and equipment £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	550,000	12,541	38,310	846,113	1,446,964
Additions	-	-	9,735	127,022	136,757
Disposals	-	-	-	(247,763)	(247,763)
At 31 October 2025	550,000	12,541	48,045	725,372	1,335,958
Depreciation
At 1 November 2024	44,000	11,360	30,910	303,209	389,479
Charge for the year	11,000	295	1,850	85,355	98,500
Eliminated on disposal	-	-	-	(187,788)	(187,788)
At 31 October 2025	55,000	11,655	32,760	200,776	300,191
Carrying amount
At 31 October 2025	495,000	886	15,285	524,596	1,035,767
At 31 October 2024	506,000	1,181	7,400	542,904	1,057,485

Revaluation

The company's freehold property was revalued on 13 December 2019 by independent valuers, VAS Group. The basis of the valuation was open market value. This class of assets has a current value of £495,000 (2024 : £506,000). On an historical cost basis the cost of the freehold property is £362,938 (2024 : £362,938) and the carrying amount is £315,961 (2024 : £323,220).

Included within the net book value of the motor vehicles is £311,165 (2024 : £323,715) relating to assets held under hire purchase agreements.

Central Travel Sheffield Limited

Notes to the Financial Statements for the Year Ended 31 October 2025 (continued)

5	Investment properties

	Fair value £
Valuation
At 1 November 2024	132,368
Additions	240,453
Fair value adjustments	17,632
At 31 October 2025	390,453