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Registered number: 02788228
Worldspan Coastal Trading Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
Gregory Priestley & Stewart
Chartered Accountants
Alexandra House
123 Priestsic Road
Sutton In Ashfield
Nottinghamshire
NG17 4EA
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Director Mr Alan Ransom
Company Number 02788228
Registered Office Alexandra House
123 Priestsic Road
Sutton-In-Ashfield
Nottinghamshire
NG17 4EA
Accountants Gregory Priestley & Stewart
Chartered Accountants
Alexandra House
123 Priestsic Road
Sutton In Ashfield
Nottinghamshire
NG17 4EA
Page 1
Page 2
Balance Sheet
Registered number: 02788228
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,407 40,527
30,407 40,527
CURRENT ASSETS
Stocks 5 1,696,274 1,688,895
Debtors 6 464,257 648,883
Cash at bank and in hand 122,038 98,490
2,282,569 2,436,268
Creditors: Amounts Falling Due Within One Year 7 (633,170 ) (809,579 )
NET CURRENT ASSETS (LIABILITIES) 1,649,399 1,626,689
TOTAL ASSETS LESS CURRENT LIABILITIES 1,679,806 1,667,216
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,778 ) (7,700 )
NET ASSETS 1,674,028 1,659,516
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,673,928 1,659,416
SHAREHOLDERS' FUNDS 1,674,028 1,659,516
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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.
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 Alan Ransom
Director
23/10/2026
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Worldspan Coastal Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02788228 . The registered office is Alexandra House, 123 Priestsic Road, Sutton-In-Ashfield, Nottinghamshire, NG17 4EA.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to nearest £1.
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.
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:
Motor Vehicles 25% reducing balance
Fixtures, Fittings & Equipment 15% 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.
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
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2.7. Taxation
Taxation 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense
2.9. Debtors and creditors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures, Fittings & Equipment Total
£ £ £
Cost
As at 1 February 2025 20,290 160,239 180,529
Additions - 3,004 3,004
Disposals - (74,765 ) (74,765 )
As at 31 January 2026 20,290 88,478 108,768
Depreciation
As at 1 February 2025 13,870 126,132 140,002
Provided during the period 1,605 11,519 13,124
Disposals - (74,765 ) (74,765 )
As at 31 January 2026 15,475 62,886 78,361
...CONTINUED
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Net Book Value
As at 31 January 2026 4,815 25,592 30,407
As at 1 February 2025 6,420 34,107 40,527
5. Stocks
2026 2025
£ £
Finished goods 1,696,274 1,688,895
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 446,263 640,959
Other debtors 17,994 7,924
464,257 648,883
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts - 1,295
Trade creditors 19,919 142,305
Other creditors 580,870 621,163
Taxation and social security 32,381 44,816
633,170 809,579
Finance lease liabilities totalling £Nil (2025: £1,295) are secured on the asset to which it relates.
8. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 1,295
Later than one year and not later than five years - -
- 1,295
- 1,295
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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10. Directors Advances, Credits and Guarantees
As at 1 February 2025 Amounts advanced Amounts repaid Amounts written off As at 31 January 2026
£ £ £ £ £
Mr Alan Ransom 621,163 40,294 - - 580,869
Amounts owed to the director are unsecured, interest free and repayable on demand. 
The balance of £580,869 (2025: 621,163) is included in other creditors.
11. Ultimate Controlling Party
The company's ultimate controlling party is Alan Ransom by virtue of his controlling shareholding of the ordinary share capital of the company.
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