REGISTERED NUMBER: 03404213 (England and Wales)

PENCOED TRAVEL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

Mrs D K Cook

Mrs A L Talbot

SECRETARY:

Mrs A L Talbot

REGISTERED OFFICE:

55 Hunters Ridge

Brackla

Bridgend

Mid Glamorgan

CF31 2LJ

REGISTERED NUMBER:

03404213 (England and Wales)

ACCOUNTANTS:

Johns Jones & Lo Limited

Chartered Accountants & Registered Auditors

16 Lambourne Crescent

Cardiff Business Park

Llanishen

Cardiff

CF14 5GF

FIXED ASSETS

Tangible assets

4

549,912

533,642

CURRENT ASSETS

Stocks

2,040

2,040

Debtors

5

50,448

36,191

Cash at bank

83,467

79,245

135,955

117,476

CREDITORS

Amounts falling due within one year

6

85,757

83,353

NET CURRENT ASSETS

50,198

34,123

TOTAL ASSETS LESS CURRENT LIABILITIES

600,110

567,765

CREDITORS

Amounts falling due after more than one year

7

(85,321

)

(37,746

)

PROVISIONS FOR LIABILITIES

8

(71,998

)

(68,907

)

NET ASSETS

442,791

461,112

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

442,789

461,110

SHAREHOLDERS' FUNDS

442,791

461,112

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd June 2026 and were signed on its behalf by:

Mrs A L Talbot - Director

1.	STATUTORY INFORMATION

Pencoed Travel Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the statement of financial position date and the amounts reported for revenues and expenses during the period. However the nature of estimation means that actual outcomes could differ from those estimates.

Recoverability of debtors

Estimation is involved in the assessment of the recoverability of debtors and the calculation of the associated bad debt provision. Factors such as the age of the debt, prior experience and recoverability statistics are included in management's assessment.

Useful economic lives if tangible fixed assets

Tangible fixed assets are depreciated over their useful economic lives taking into account residual values, where appropriate. Management regularly reviews the assets useful economic lives. Changes in assets' useful economic lives can have a significant impact on depreciation for the period. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

Provision for impairments

Tangible fixed assets are reviewed for signs of impairment each year and written down accordingly. All tangible fixed assets are reviewed by management in conjunction with market data and other relevant information. Changes in any of the factors considered for impairments can affect the value reported in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and Machinery 20% Straight Line

Motor Vehicles 5% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks. Debt instruments (other than those wholly repayable or receivable within one year), including loans and account receivables and payables, are initially measured at the transaction price (adjusted for transaction cost) and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangement constitutes a financing transaction, such as a trade debtor or creditor on extended credit terms, inital measurement is at the present value of future cash flows discounted at a market rate of interest. Subsequent measurement is at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is identified, an impairment loss is recognised in the statement of comprehensive income. For financial assets measured at amortised cost,the impairment loss is is measured as the difference between carrying amount and the present value of estimated cash flows discounted at the original sffective interest rate.

A financial asset is derecognised only when the contractual rights to the cash flows from the financial asset expire or are settled or, substantially all of the risks and rewaards of ownership of the financial asset have been transferred to another party or when despite having retained some, but not substantially all, risks and rewards of ownership, control of the asset has been transferred to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. In this case, the company derecgnises the asset and recognises separately any rights and obligations retained or created in the transfer. A financial liability is derecognised when the contract that gives rise to it is settled, sold, cancelled, or expires. Where an existing financial liability is replaced by another from the same lender on substantially different terms, or terms, or terms of an existing liability are substantially modified, such as an exchange or modification, this is treated as a derecognition of the original liability, such that the difference in the respective carrying amounts together with any costs or fees incurred are recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Creditors

Creditors include trade creditors, accruals and other short and long-term financial instruments.

Going concern

These financial statements have been prepared on a going concern basis on the grounds that the Directors consider tat the Company has sufficient cash resources to enable the Company to continue to meet its liabilities as they fall due.

Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

Debtors

Debtors include trade debtors and certain other financial instruments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2025 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st February 2025

731,328

Additions

122,000

Disposals

(98,000

)

At 31st January 2026

755,328

DEPRECIATION

At 1st February 2025

197,686

Charge for year

36,980

Eliminated on disposal

(29,250

)

At 31st January 2026

205,416

NET BOOK VALUE

At 31st January 2026

549,912

At 31st January 2025

533,642

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st February 2025

626,000

Additions

122,000

Disposals

(98,000

)

At 31st January 2026

650,000

DEPRECIATION

At 1st February 2025

152,384

Charge for year

32,500

Eliminated on disposal

(29,250

)

At 31st January 2026

155,634

NET BOOK VALUE

At 31st January 2026

494,366

At 31st January 2025

473,616

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

46,390

31,165

Other debtors

4,058

5,026

50,448

36,191

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

55,347

30,371

Trade creditors

19,840

32,042

Taxation and social security

3,995

2,575

Other creditors

6,575

18,365

85,757

83,353

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts

85,321

37,746

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

71,998

68,907

Deferred

tax

£

Balance at 1st February 2025

68,907

Provided during year

3,091

Balance at 31st January 2026

71,998

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st January 2026 and 31st January 2025:

2026

2025

£

£

Mrs A L Talbot

Balance outstanding at start of year

(342

)

(92

)

Amounts advanced

-

750

Amounts repaid

-

(1,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(342

)

(342

)

Mrs D K Cook

Balance outstanding at start of year

(530

)

(280

)

Amounts advanced

-

750

Amounts repaid

-

(1,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(530

)

(530

)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.