Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falsetour agent1615truetrue 01718867 2022-04-01 2023-03-31 01718867 2021-04-01 2022-03-31 01718867 2023-03-31 01718867 2022-03-31 01718867 1 2022-04-01 2023-03-31 01718867 d:CompanySecretary1 2022-04-01 2023-03-31 01718867 d:Director1 2022-04-01 2023-03-31 01718867 d:Director2 2022-04-01 2023-03-31 01718867 d:Director3 2022-04-01 2023-03-31 01718867 d:RegisteredOffice 2022-04-01 2023-03-31 01718867 c:Buildings 2022-04-01 2023-03-31 01718867 c:Buildings 2023-03-31 01718867 c:Buildings 2022-03-31 01718867 c:Buildings c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01718867 c:OfficeEquipment 2022-04-01 2023-03-31 01718867 c:OfficeEquipment 2023-03-31 01718867 c:OfficeEquipment 2022-03-31 01718867 c:OfficeEquipment c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01718867 c:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 01718867 c:CurrentFinancialInstruments 2023-03-31 01718867 c:CurrentFinancialInstruments 2022-03-31 01718867 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 01718867 c:CurrentFinancialInstruments c:WithinOneYear 2022-03-31 01718867 c:ShareCapital 2023-03-31 01718867 c:ShareCapital 2022-03-31 01718867 c:RetainedEarningsAccumulatedLosses 2023-03-31 01718867 c:RetainedEarningsAccumulatedLosses 2022-03-31 01718867 d:FRS102 2022-04-01 2023-03-31 01718867 d:Audited 2022-04-01 2023-03-31 01718867 d:FullAccounts 2022-04-01 2023-03-31 01718867 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01718867 d:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 01718867 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 01718867










EALING TRAVEL SERVICES LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
EALING TRAVEL SERVICES LIMITED
 
 
COMPANY INFORMATION


Directors
M Harridge 
D B Harridge 
J Harridge 




Company secretary
M Harridge



Registered number
01718867



Registered office
118 South Ealing Road

Ealing

London

W5 4QJ




Independent auditors
Xeinadin Audit Limited
Chartered Accountants & Statutory Auditor

8th Floor

Becket House

36 Old Jewry

London

EC2R 8DD




Accountants
Elman Wall Limited
Bth Floor, Becket House

36 Old Jewry

London

EC2R 8DD





 
EALING TRAVEL SERVICES LIMITED
 

CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 7


 
EALING TRAVEL SERVICES LIMITED
REGISTERED NUMBER: 01718867

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
359,287
371,970

Current assets
  

Debtors: amounts falling due within one year
 6 
1,454,774
1,142,455

Cash at bank and in hand
 7 
2,841,458
2,292,694

  
4,296,232
3,435,149

Creditors: amounts falling due within one year
 8 
(1,243,116)
(1,342,423)

Net current assets
  
 
 
3,053,116
 
 
2,092,726

Total assets less current liabilities
  
3,412,403
2,464,696

  

Net assets
  
3,412,403
2,464,696


Capital and reserves
  

Called up share capital 
  
90,000
90,000

Profit and loss account
  
3,322,403
2,374,696

  
3,412,403
2,464,696


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 comprehensive income 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 by: 



J Harridge
Director

Date: 18 July 2023

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
EALING TRAVEL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Ealing Travel Services Limited is a private company limited by shares, registered in England and Wales, United Kingdom. 
The registered office is shown on the Company Information page of these accounts.
The principal activity continues to be that of a travel management company.

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.

  
2.2

Revenue

Turnover represents the value of net commissions, transaction fees and other income earned for the arrangement of travel services. Transactional and management fee income is recognised when it arises and it is certain that economic benefits associated with the transaction will flow. 

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure. During the year the company benefitted from government support in the form of the Coronavirus Job Retention Scheme and Local Council Government Grant (Note 8).

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 2

 
EALING TRAVEL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

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 payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Office equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

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.

Page 3

 
EALING TRAVEL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are recognised to be relevant. Actual results may differ from these estimates. These estimates include depreciation of tangible fixed assets.


4.


Employees

The average monthly number of employees, including directors, during the year was 16 (2022 - 15).

Page 4

 
EALING TRAVEL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Freehold property
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
590,050
6,892
596,942



At 31 March 2023

590,050
6,892
596,942



Depreciation


At 1 April 2022
222,491
2,481
224,972


Charge for the year on owned assets
11,801
882
12,683



At 31 March 2023

234,292
3,363
237,655



Net book value



At 31 March 2023
355,758
3,529
359,287



At 31 March 2022
367,559
4,411
371,970

Page 5

 
EALING TRAVEL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
842,115
565,811

Other debtors
607,524
571,803

Prepayments and accrued income
5,135
4,841

1,454,774
1,142,455



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,841,458
2,292,694

Less: bank overdrafts
(29,282)
(12,415)

2,812,176
2,280,279



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
29,282
12,415

Trade creditors
553,057
880,881

Corporation tax
234,130
47,974

Other taxation and social security
13,311
12,929

Other creditors
400,836
376,993

Accruals and deferred income
12,500
11,231

1,243,116
1,342,423


Fixed charge over book and other debts, goodwill, uncalled capital and intellectual property and a floating charge over all other assets dated 28 July 1992.
First legal charge dated 31 January 2008 over Leasehold Property known as 116 South Ealing Road, South Ealing, W5 4QJ.
At the year end the company had an outstanding BSP liability of £373,978 (2022: £542,016)

Page 6

 
EALING TRAVEL SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Government grants

2023
2022
£
£



Coronavirus Job Retention Scheme
-
158,580

Local Council Government Grant
-
8,000

-
166,580


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,218 (2021: £6,369). Contributions totalling £Nil (2022: £-) were payable to the fund at the reporting date and are included in creditors.


11.


Related party transactions

During the year the company had a loan account with a director. Advances totalled £670  and interest of £20,210 (2022: £9,466) has been charged. At the year end the Company was owed  £451,452 (2022: £430,572).


12.


Post balance sheet events

The directors have concluded that no material events have occurred since the date of approval of these financial statements that would affect the financial statements of the Company.


13.


Controlling party

The Company is controlled by D B Harridge by virtue of his majority shareholding.


14.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2023 was unqualified.

The audit report was signed on 18 July 2023 by Yasin Khandwalla FCCA (Senior statutory auditor) on behalf of Xeinadin Audit Limited.

 
Page 7