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Registered number: 14131533
Samuel Steel Travel Ltd
Unaudited Financial Statements
For the Period 1 June 2025 to 31 July 2026
DOY Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14131533
31 July 2026 31 May 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 618,428 268,034
618,428 268,034
CURRENT ASSETS
Debtors 5 74,818 54,276
Cash at bank and in hand 149,239 70,205
224,057 124,481
Creditors: Amounts Falling Due Within One Year 6 (218,633 ) (89,626 )
NET CURRENT ASSETS (LIABILITIES) 5,424 34,855
TOTAL ASSETS LESS CURRENT LIABILITIES 623,852 302,889
Creditors: Amounts Falling Due After More Than One Year 7 (238,677 ) (99,390 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (89,427 ) (44,691 )
NET ASSETS 295,748 158,808
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 295,747 158,807
SHAREHOLDERS' FUNDS 295,748 158,808
Page 1
Page 2
For the period ending 31 July 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Samuel Steel
Director
11/09/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Samuel Steel Travel Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14131533 . The registered office is Stonehouse Farm, Gloucester Road, Tewkesbury, GL20 7DQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% on Reducing Balance
Plant & Machinery 20% on Reducing Balance
Motor Vehicles 20% on Reducing Balance
Fixtures & Fittings 20% on Reducing Balance
Computer Equipment 20% on Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2025: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 June 2025 - 469 316,927 4,519 321,915
Additions 35,952 5,542 430,442 1,140 473,076
Disposals - - (74,829 ) - (74,829 )
As at 31 July 2026 35,952 6,011 672,540 5,659 720,162
Depreciation
As at 1 June 2025 - 169 51,997 1,715 53,881
Provided during the period 4,194 380 71,607 787 76,968
Disposals - - (29,115 ) - (29,115 )
As at 31 July 2026 4,194 549 94,489 2,502 101,734
Net Book Value
As at 31 July 2026 31,758 5,462 578,051 3,157 618,428
As at 1 June 2025 - 300 264,930 2,804 268,034
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5. Debtors
31 July 2026 31 May 2025
£ £
Due within one year
Trade debtors 18,576 10,775
Other debtors 56,242 43,501
74,818 54,276
6. Creditors: Amounts Falling Due Within One Year
31 July 2026 31 May 2025
£ £
Net obligations under finance lease and hire purchase contracts 168,839 55,937
Trade creditors 4,625 961
Other creditors 44,619 32,728
Taxation and social security 550 -
218,633 89,626
7. Creditors: Amounts Falling Due After More Than One Year
31 July 2026 31 May 2025
£ £
Net obligations under finance lease and hire purchase contracts 238,677 99,390
8. Obligations Under Finance Leases and Hire Purchase
31 July 2026 31 May 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 168,839 55,937
Later than one year and not later than five years 238,677 99,390
407,516 155,327
407,516 155,327
9. Share Capital
31 July 2026 31 May 2025
£ £
Allotted, Called up and fully paid 1 1
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