Bailey's Travel Limited Accounts






Bailey's Travel Limited

	Company No. 03670381
		Information for Filing with The Registrar
		31 March 2026

at	31 March 2026
Company No.		03670381	Notes	2026	2025
				£	£
Fixed assets
	Intangible assets		4	66,650	66,650
	Tangible assets		5	61,288	66,422


				127,938	133,072
Current assets

	Debtors		6	2,164,823	2,192,484

	Cash at bank and in hand			164,550	65,736
				2,329,373	2,258,220
Creditors: Amount falling due within one year			7	(1,961,533)	(1,992,558)
Net current assets				367,840	265,662
Total assets less current liabilities				495,778	398,734
Creditors: Amounts falling due after more than one year			8	(115,002)	(72,911)
Provisions for liabilities
	Deferred taxation			(11,732)	(15,211)

Net assets				369,044	310,612

Capital and reserves
	Called up share capital			130,000	130,000


	Capital redemption reserve		10	120,000	120,000
	Profit and loss account		10	119,044	60,612

Total equity				369,044	310,612



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 15 October 2026 and signed on its behalf by:
Christopher Bailey
Director
15 October 2026

for the year ended 31 March 2026

General information

Bailey's Travel Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 03670381

Its registered office is:

6 Pebble Lane

Wellingborough

Northamptonshire

NN8 1AS

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover from sales of travel services is recognised on the date of booking. Turnover for sales of other services is recognised at the time of supply. Turnover is reduced for cancellations and other allowances.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Leasehold land and buildings

15% straight line

Motor vehicles

25% reducing balance

Furniture, fittings and equipment

15% reducing balance

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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate 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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term 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.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

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

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2026	2025
			Number	Number
		The average monthly number of employees (including directors) during the year was:	12	13

4	Intangible fixed assets
			Goodwill	Total
			£	£
		Cost
		At 1 April 2025	215,000	215,000


		At 31 March 2026	215,000	215,000
		Amortisation and impairment
		At 1 April 2025	148,350	148,350



		At 31 March 2026	148,350	148,350
		Net book values
		At 31 March 2026	66,650	66,650
		At 31 March 2025	66,650	66,650

5	Tangible fixed assets
			Land and buildings	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 April 2025	62,523	11,995	436,101	510,619
		Additions	-	4,736	3,000	7,736



		At 31 March 2026	62,523	16,731	439,101	518,355
		Depreciation
		At 1 April 2025	59,477	2,999	381,721	444,197
		Charge for the year	831	3,433	8,606	12,870



		At 31 March 2026	60,308	6,432	390,327	457,067
		Net book values
		At 31 March 2026	2,215	10,299	48,774	61,288
		At 31 March 2025	3,046	8,996	54,380	66,422

6	Debtors
			2026	2025
			£	£
		Trade debtors	2,113,969	2,142,914






		Prepayments and accrued income	50,854	49,570
			2,164,823	2,192,484

7	Creditors:
		amounts falling due within one year
			2026	2025
			£	£

		Bank loans and overdrafts	5,000	20,000
		Other loans	28,126	29,512

		Trade creditors	1,838,476	1,846,495

		Taxes and social security	82,825	78,358
		Loans from directors	541	433
		Other creditors	5,956	7,302
		Accruals and deferred income	609	10,458
			1,961,533	1,992,558

8	Creditors:
		amounts falling due after more than one year
			2026	2025
			£	£

		Bank loans and overdrafts	-	5,000
		Other loans	115,002	67,911





			115,002	72,911

Share Capital

The company's issued share capital is 130,000 ordinary shares of £1 each. All issued shares are allocated and fully paid.

10	Reserves
			Capital redemption reserve	Total other reserves
			£	£
		At 1 April 2024	120,000	120,000



		At 31 March 2025 and 1 April 2025	120,000	120,000



		At 31 March 2026	120,000	120,000


		Capital redemption reserve - records the nominal value of shares repurchased by the company.

		Profit and loss account - includes all current and prior period retained profits and losses.

11	Guarantees and commitments
			2026	2025
			£	£
		Total of guarantees and commitments	103,544	125,822





		These are the total commitments under non-cancellable operating leases.