Jimmy Martin Travel Ltd 31/01/2026 iXBRL

Company registration number: SC289398

Jimmy Martin Travel Ltd

Unaudited filleted financial statements

31 January 2026

Jimmy Martin Travel Ltd

Contents

Statement of financial position

Notes to the financial statements

Jimmy Martin Travel Ltd

Statement of financial position

31 January 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	99,722		114,194
		_______		_______
			99,722		114,194

Current assets
Debtors	7	45,710		61,376
Cash at bank and in hand		197,509		202,046
		_______		_______
		243,219		263,422
Creditors: amounts falling due
within one year	8	( 199,880)		( 230,584)
		_______		_______
Net current assets			43,339		32,838
			_______		_______
Total assets less current liabilities			143,061		147,032

Creditors: amounts falling due
after more than one year	9		( 76,381)		( 94,937)
			_______		_______
Net assets			66,680		52,095
			_______		_______

Capital and reserves
Called up share capital	10		50,000		50,000
Profit and loss account			16,680		2,095
			_______		_______
Shareholders funds			66,680		52,095
			_______		_______

For the year ending 31 January 2026 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 27 July 2026 , and are signed on behalf of the board by:

Mr J Martin

Director

Company registration number: SC289398

Jimmy Martin Travel Ltd

Notes to the financial statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 41 Charlotte Square, Edinburgh, EH2 4HQ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Where the company acts as agent turnover represents commissions earned on the collection of receipts in respect of passenger fares and holiday tours (excluding VAT) during the year. Such commission is recognised at the point a booking becomes non-cancellable.In relation to all other sales turnover represents the gross value of the sale.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	5 years straight line.

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible fixed assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Computer & other equipment	-	4 year straight line
Fittings fixtures and equipment	-	0-6 year straight line
Motor vehicles	-	20% reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets .

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrumentDebt instruments are subsequently measured at amortised cost.Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.Cash at bank and in hand includes cash and short term highly liquid investments.Creditors are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Defined contribution plans

The company make contributions to defined contribution plans. The contributions are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2025: 4 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 February 2025 and 31 January 2026	70,000	70,000
	_______	_______
Amortisation
At 1 February 2025 and 31 January 2026	70,000	70,000
	_______	_______
Carrying amount
At 31 January 2026	-	-
	_______	_______
At 31 January 2025	-	-
	_______	_______

6. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 February 2025	19,462	61,304	108,343	189,109
Disposals	( 19,462)	-	-	( 19,462)
	_______	_______	_______	_______
At 31 January 2026	-	61,304	108,343	169,647
	_______	_______	_______	_______
Depreciation
At 1 February 2025	18,856	17,054	39,003	74,913
Charge for the year	606	-	13,868	14,474
Disposals	( 19,462)	-	-	( 19,462)
	_______	_______	_______	_______
At 31 January 2026	-	17,054	52,871	69,925
	_______	_______	_______	_______
Carrying amount
At 31 January 2026	-	44,250	55,472	99,722
	_______	_______	_______	_______
At 31 January 2025	606	44,250	69,340	114,196
	_______	_______	_______	_______

7. Debtors

	2026	2025
	£	£
Other debtors	45,710	61,376
	_______	_______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	6,360	6,360
Trade creditors	2,151	1,779
Accruals and deferred income	9,884	4,756
Corporation tax	9,142	12,229
Social security and other taxes	16,883	18,435
Obligations under finance leases	13,000	13,000
Other creditors	142,460	174,025
	_______	_______
	199,880	230,584
	_______	_______

Finance lease and hire purchase contracts are secured by the assets to which they relate .

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	17,714	23,270
Obligations under finance leases	58,667	71,667
	_______	_______
	76,381	94,937
	_______	_______

Finance lease and hire purchase contracts are secured by the assets to which they relate .

10. Called up share capital

Issued, called up and fully paid

	2026		2025
	No	£	No	£
Ordinary A shares of £ 1.00 each	40,000	40,000	40,000	40,000
Ordinary B shares of £ 1.00 each	10,000	10,000	10,000	10,000
	_______	_______	_______	_______
	50,000	50,000	50,000	50,000
	_______	_______	_______	_______

11. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	18,340	19,480
Later than 1 year and not later than 5 years	70,000	87,500
	_______	_______
	88,340	106,980
	_______	_______

12. Directors advances, credits and guarantees

Included in other debtors is a loan from the company to the director of £5,806 (2025: £11,959). The loan is interest free and repayable on demand.