Independent Holidays Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04240323

INDEPENDENT HOLIDAYS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 October 2025

INDEPENDENT HOLIDAYS LIMITED

STATEMENT OF FINANCIAL POSITION

31 October 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	5		727	1,431

CURRENT ASSETS

Debtors	6	7,146	260
Cash at bank and in hand		411,384	386,368
		---------	---------
		418,530	386,628

CREDITORS: amounts falling due within one year	7	324,296		290,907
		---------		---------
NET CURRENT ASSETS			94,234	95,721
			--------	--------
TOTAL ASSETS LESS CURRENT LIABILITIES			94,961	97,152

CREDITORS: amounts falling due after more than one year	8		–	2,983

PROVISIONS

Taxation including deferred tax	193	379
	--------	--------
NET ASSETS	94,768	93,790
	--------	--------

CAPITAL AND RESERVES

Called up share capital	9	50,000	50,000
Profit and loss account		44,768	43,790
		--------	--------
SHAREHOLDERS FUNDS		94,768	93,790
		--------	--------

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.

For the 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 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 .

INDEPENDENT HOLIDAYS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 28 July 2026 , and are signed on behalf of the board by:

Mr S Broomhall

Director

Company registration number: 04240323

INDEPENDENT HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

Year ended 31 October 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Muras Baker Jones Ltd, Third Floor Regent House, Bath Avenue, Wolverhampton, WV1 4EG.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in Sterling, which is the functional currency of the entity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Revenue recognition

Turnover represents the value of holidays sold recognised at the date of commencement of the holiday.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

Fixtures and fittings	-	25% reducing balance
Equipment	-	25% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. TANGIBLE ASSETS

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 November 2024	962	7,644	8,606
Additions	–	549	549
	----	-------	-------
At 31 October 2025	962	8,193	9,155
	----	-------	-------
Depreciation
At 1 November 2024	610	6,565	7,175
Charge for the year	88	1,165	1,253
	----	-------	-------
At 31 October 2025	698	7,730	8,428
	----	-------	-------
Carrying amount
At 31 October 2025	264	463	727
	----	-------	-------
At 31 October 2024	352	1,079	1,431
	----	-------	-------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	260	260
Other debtors	6,886	–
	-------	----
	7,146	260
	-------	----

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	2,983	3,498
Trade creditors	228,179	136,744
Corporation tax	5,042	11,075
Social security and other taxes	11,574	10,913
Other creditors	76,518	128,677
	---------	---------
	324,296	290,907
	---------	---------

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	2,983
	----	-------

9. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	50,000	50,000	50,000	50,000
	--------	--------	--------	--------

10. OTHER FINANCIAL COMMITMENTS

The company had leasing commitments at the balance sheet date of £1,525 (2024;£nil).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

An advance was made to two directors during the year of £2,283. No further advances were made before the total advance of £2,283 was repaid. A further advance was made to the two directors of £214. Additional advances of £2,090 were made before the total advance of £2,304 was repaid. A final advance was made to the two directors of £235. Further advances of £20,366 were made before the total of £20,601 was repaid. Interest was charged at HMRC official rates.