Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3122022-04-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12531538 2022-04-01 2023-03-31 12531538 2021-04-01 2022-03-31 12531538 2023-03-31 12531538 2022-03-31 12531538 c:Director1 2022-04-01 2023-03-31 12531538 c:Director2 2022-04-01 2023-03-31 12531538 d:Goodwill 2022-04-01 2023-03-31 12531538 d:Goodwill 2023-03-31 12531538 d:Goodwill 2022-03-31 12531538 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-03-31 12531538 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-03-31 12531538 d:CurrentFinancialInstruments 2023-03-31 12531538 d:CurrentFinancialInstruments 2022-03-31 12531538 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12531538 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12531538 d:ShareCapital 2023-03-31 12531538 d:ShareCapital 2022-03-31 12531538 d:RetainedEarningsAccumulatedLosses 2023-03-31 12531538 d:RetainedEarningsAccumulatedLosses 2022-03-31 12531538 c:FRS102 2022-04-01 2023-03-31 12531538 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12531538 c:FullAccounts 2022-04-01 2023-03-31 12531538 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12531538 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2022-04-01 2023-03-31 12531538 d:CopyrightsPatentsTrademarksServiceOperatingRights d:ExternallyAcquiredIntangibleAssets 2022-04-01 2023-03-31 12531538 d:ExternallyAcquiredIntangibleAssets 2022-04-01 2023-03-31 12531538 d:Goodwill d:OwnedIntangibleAssets 2022-04-01 2023-03-31 12531538 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 12531538










EXPEDITIONS INTERNATIONAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
EXPEDITIONS INTERNATIONAL LIMITED
REGISTERED NUMBER: 12531538

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,428
2,314

  
3,428
2,314

Current assets
  

Debtors: amounts falling due within one year
 5 
7,426
346

Cash at bank and in hand
 6 
9,477
965

  
16,903
1,311

Creditors: amounts falling due within one year
 7 
(23,002)
(13,877)

Net current liabilities
  
 
 
(6,099)
 
 
(12,566)

Total assets less current liabilities
  
(2,671)
(10,252)

  

Net liabilities
  
(2,671)
(10,252)


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
(2,675)
(10,256)

  
(2,671)
(10,252)


Page 1

 
EXPEDITIONS INTERNATIONAL LIMITED
REGISTERED NUMBER: 12531538

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 August 2023.




M. Burton
E. Waite-taylor
Director
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
EXPEDITIONS INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Expeditions International Limited is a private company, limited by shares and incorporated in England and Wales, registration number 12531538. The registered office is 601 London Road, Westcliff on Sea, Essex SS0 9PE 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts record a balance sheet deficit of £2,671. In view of this the going concern basis is dependent upon the continued support of the Company’s creditors.
The Company’s creditors have continued to support the company and the Directors believe they will continue to do so. The Directors therefore consider it appropriate to adopt the going concern basis in preparing these financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
EXPEDITIONS INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Debtors

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.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
EXPEDITIONS INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Intangible assets




Trademarks
Goodwill
Total

£
£
£



Cost


At 1 April 2022
632
2,000
2,632


Additions
1,408
-
1,408



At 31 March 2023

2,040
2,000
4,040



Amortisation


At 1 April 2022
68
250
318


Charge for the year on owned assets
94
200
294



At 31 March 2023

162
450
612



Net book value



At 31 March 2023
1,878
1,550
3,428



At 31 March 2022
564
1,750
2,314



Page 5

 
EXPEDITIONS INTERNATIONAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Other debtors
926
346

Prepayments and accrued income
6,500
-

7,426
346



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
9,477
965

9,477
965



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
188
1,177

Other creditors
20,494
12,200

Accruals and deferred income
2,320
500

23,002
13,877



8.


Related party transactions

Tour costs includes a consultancy fee in respect of a director of the company in the amount of £10,000 (2022 £Nil).
Other creditors includes loans from a connected company totalling £20,000 (2022 £4,700).


Page 6