General Information
True North Travel Limited is a private company, limited by shares, registered in England and Wales, registration number 12912634, registration address Unit 10 English Business Park, English Close, Hove, East Sussex, BN3 7ET.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Motor Vehicles |
4 Year Straight Line
|
| Fixtures and Fittings |
4 Years Straight Line
|
| Computer Equipment |
4 Years Straight Line
|
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 11 (2024 : 8).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 October 2024 |
- |
|
4,688 |
|
12,942 |
|
17,630 |
| Additions |
2,811 |
|
778 |
|
2,618 |
|
6,207 |
| Disposals |
- |
|
- |
|
(1,058) |
|
(1,058) |
| At 30 September 2025 |
2,811 |
|
5,466 |
|
14,502 |
|
22,779 |
| Depreciation |
| At 01 October 2024 |
59 |
|
602 |
|
5,006 |
|
5,667 |
| Charge for year |
- |
|
1,261 |
|
3,443 |
|
4,704 |
| On disposals |
- |
|
- |
|
(811) |
|
(811) |
| At 30 September 2025 |
59 |
|
1,863 |
|
7,638 |
|
9,560 |
| Net book values |
| Closing balance as at 30 September 2025 |
2,752 |
|
3,603 |
|
6,864 |
|
13,219 |
| Opening balance as at 01 October 2024 |
- |
|
4,086 |
|
7,936 |
|
12,022 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
2,081,253 |
|
2,533,953 |
| Prepayments & Accrued Income |
360,623 |
|
366,429 |
| Other Debtors |
12,444 |
|
1,246 |
| VAT |
7,573 |
|
5,533 |
|
2,461,893 |
|
2,907,161 |
|
| 4. |
Debtors: amounts falling due after one year
|
2025
£ |
|
2024
£ |
| Amount Owed by Participating Interests |
306,000 |
|
0 |
|
306,000 |
|
0 |
|
| 5. |
Investments
|
2025
£ |
|
2024
£ |
| Investments in Subsidiaries |
1 |
|
0 |
|
1 |
|
0 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
4,966 |
|
3,195 |
| Credit Card |
50,138 |
|
38,423 |
| Corporation Tax |
0 |
|
7,025 |
| PAYE & Social Security |
14,391 |
|
14,170 |
| Other Creditors |
19,843 |
|
105,560 |
|
89,338 |
|
168,373 |
|
| 7. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Pension Provisions |
1,078 |
|
795 |
|
1,078 |
|
795 |
|
| 8. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
30,000
Class A shares of £1.00 each |
30,000 |
|
200 |
|
30,000 |
|
200 |
|
|
Directors' Loans
During the accounting period the company repaid £86,076 to the directors. The balance owing to the directors at the end of the accounting period is £19,484 (2024: £105,560).
|
| 10. |
Related Party
During the year the company incurred consultancy expenses with Simon Richardson (a director). The value of the expenses incurred totalled £75,786 during the year.
|
| 11. |
Contingent Liabilities
The company has guaranteed all obligations of its subsidiary Nonstop Snow Limited under secured loan notes issued to Nonstop Adventure Limited. The maximum exposure at 30 September 2025 is £190,820 (principal £188,000 plus accrued interest £2,820). The loan notes are secured by a fixed and floating charge over all assets of Nonstop Snow Limited (charge 0549 4980 0001, Companies House, 11 June 2025). The company's intercompany loan of £306,000 to Nonstop Snow Limited is unsecured and ranks behind the charge.
|
| 12. |
Group Relief Disclosure
The company has claimed group relief of £46,611 from Nonstop Snow Limited, a fellow subsidiary of True North Travel Limited. No payment has been made in respect of this relief.
|
4
|