Preferred Travel Solutions Limited

Registered number

05514236

Filleted Accounts

31 July 2025

Preferred Travel Solutions Limited
Registered number:		05514236
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		84,059			60,517

Current assets
Debtors	4	79,764			75,349
Cash at bank and in hand		889,956			871,244
		969,720			946,593

Creditors: amounts falling due within one year	5	(364,269)			(383,454)

Net current assets			605,451			563,139

Total assets less current liabilities			689,510			623,656


Provisions for liabilities			(21,015)			(15,102)


Net assets			668,495			608,554

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			667,495			607,554

Shareholders' funds			668,495			608,554

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 P J Young
Director
Approved by the board on 23 March 2026

Preferred Travel Solutions Limited
Notes to the Accounts
for the year ended 31 July 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 revenue from the rendering of services and is recognised by reference to the stage of completion of the contract.

	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:

	Furniture and fittings	20% straight line
	Plant and machinery	25% straight line

	Debtors
	Short term debtors are measured at transaction 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. 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	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			13		11

3	Tangible fixed assets
		Plant and Machinery		Furniture and fittings		Total
£			£		£
	Cost
	At 1 August 2024	156,521		14,759		171,280
	Additions	61,818		5,275		67,093
	Disposals	(1,755)		(2,089)		(3,844)
	At 31 July 2025	216,584		17,945		234,529

	Depreciation
	At 1 August 2024	96,998		13,765		110,763
	Charge for the year	42,526		1,017		43,543
	At 31 July 2025	137,774		12,696		150,470

	Net book value
	At 31 July 2025	78,810		5,249		84,059
	At 31 July 2024	59,523		994		60,517







4	Debtors			2025		2024
£					£

	Trade debtors			-		-
	Other debtors			79,764		75,349
				79,764		75,349

5	Creditors: amounts falling due within one year			2025		2024
£					£
	Loans			201,582		196,219
	Trade creditors			27,361		11,916
	Directors' loan account			2,496		1,872
	Taxation and social security costs			131,803		172,436
	Other creditors			1,027		1,011
				364,269		383,454

	Loans totalling £201,582 (2024 £196,219) represent money forwarded against advanced
	commissions on travel bookings. The company releases 25% of this income to profit and loss
	being expected sales at the year end.

6	Other financial commitments			2025		2024
£					£
	Total future minimum payments under non-cancellable operating leases			237,916		31,066

7	Controlling party

	The company is controlled by the directors who each own 50% of the shares.
8	Other information

	Preferred Travel Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
	69 Castle Street
	Farnham
	Surrey
	GU9 7LP