Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.52022-04-01falseThe nature of the company's opeartions and principal activities are that of a tour operator.7true 05061401 2022-04-01 2023-03-31 05061401 2021-04-01 2022-03-31 05061401 2023-03-31 05061401 2022-03-31 05061401 c:CompanySecretary1 2022-04-01 2023-03-31 05061401 c:Director1 2022-04-01 2023-03-31 05061401 c:Director2 2022-04-01 2023-03-31 05061401 c:RegisteredOffice 2022-04-01 2023-03-31 05061401 d:PlantMachinery 2022-04-01 2023-03-31 05061401 d:PlantMachinery 2023-03-31 05061401 d:PlantMachinery 2022-03-31 05061401 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05061401 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 05061401 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 05061401 d:CurrentFinancialInstruments 2023-03-31 05061401 d:CurrentFinancialInstruments 2022-03-31 05061401 d:Non-currentFinancialInstruments 2023-03-31 05061401 d:Non-currentFinancialInstruments 2022-03-31 05061401 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05061401 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05061401 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05061401 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 05061401 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 05061401 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 05061401 d:ShareCapital 2023-03-31 05061401 d:ShareCapital 2022-03-31 05061401 d:RetainedEarningsAccumulatedLosses 2023-03-31 05061401 d:RetainedEarningsAccumulatedLosses 2022-03-31 05061401 c:OrdinaryShareClass1 2022-04-01 2023-03-31 05061401 c:OrdinaryShareClass1 2023-03-31 05061401 c:OrdinaryShareClass1 2022-03-31 05061401 c:FRS102 2022-04-01 2023-03-31 05061401 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05061401 c:FullAccounts 2022-04-01 2023-03-31 05061401 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05061401 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2022-04-01 2023-03-31 05061401 2 2022-04-01 2023-03-31 05061401 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 05061401


BUSH BABY TRAVEL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2023

 
BUSH BABY TRAVEL LIMITED
 
 
COMPANY INFORMATION


Directors
J Shaw 
A Shaw 




Company secretary
J Shaw



Registered number
05061401



Registered office
Bealeswood Cottage
Bealeswood Lane

Dockenham

Farnham

Surrey

GU10 4HS




Accountants
Elman Wall Limited
Accountants

8th Floor

Becket House

36 Old Jewry

London

EC2R 8DD





 
BUSH BABY TRAVEL LIMITED
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 11


 
BUSH BABY TRAVEL LIMITED
REGISTERED NUMBER:05061401

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 6 
1,703
568

Tangible assets
 7 
2,199
1,598

  
3,902
2,166

Current assets
  

Debtors: amounts falling due within one year
 8 
559,145
477,172

Cash at bank and in hand
  
482,780
356,938

  
1,041,925
834,110

Creditors: amounts falling due within one year
 9 
(883,047)
(769,861)

Net current assets
  
 
 
158,878
 
 
64,249

Total assets less current liabilities
  
162,780
66,415

Creditors: amounts falling due after more than one year
 10 
(25,996)
(37,761)

Provisions for liabilities
  

Deferred tax
  
(474)
(334)

  
 
 
(474)
 
 
(334)

Net assets
  
136,310
28,320

Page 1

 
BUSH BABY TRAVEL LIMITED
REGISTERED NUMBER:05061401
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Capital and reserves
  

Called up share capital 
 12 
30,100
2

Profit and loss account
  
106,210
28,318

  
136,310
28,320


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 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 on 6 July 2023.



A Shaw
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
BUSH BABY TRAVEL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Bush Baby Travel Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is Bealeswood Cottage, Bealeswood Lane, Dockenham, Farnham, Surrey, GU10 4HS.
The nature of the company's operations and principal activities are that of a tour operator.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

  
2.2

Revenue

Turnover represents amounts receivable from the sales of tours and other services supplied to customers net of VAT. Revenue and expenses are taken to the profit and loss account on the date of departure. Cancellation income is recognised at the date of cancellation.

  
2.3

Advance receipts and payments

All revenue relating to tours with departure dates after the financial year end are treated as advance receipts as at the balance sheet date and are separately disclosed under other accruals and deferred income. Payments made to suppliers in respect of future departures are treated as advance payments and are separately disclosed under other prepayments and accrued income.

 
2.4

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.

 
2.5

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.

Page 3

 
BUSH BABY TRAVEL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

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:

Plant and machinery
-
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.

 
2.6

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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.

 
2.9

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.

Page 4

 
BUSH BABY TRAVEL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

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.

  
2.11

Government grants

Grants are accrued for under the accruals model as permitted by FRS 102. Grants for revenue expenditure are presented as part of the profit or loss in the periods in which the expenditure is recognised.
During the prior year the Company benefitted from taking advantage of government support, in the form of the Coronavirus Job Retention Scheme (CJRS) in the UK, and Local Government Discretionary Grants.

 
2.12

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.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
BUSH BABY TRAVEL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.14

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.

 
2.15

Interest income

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

 
2.16

Borrowing costs

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

 
2.17

Provisions for liabilities

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 profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting 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 Statement of financial position.

 
2.18

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Page 6

 
BUSH BABY TRAVEL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Other operating income - Government grants receivable

2023
2022
£
£



Coronavirus Job Retention Scheme
-
28,664

Local Government Discretionary Grants
-
23,679

-
52,343


4.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 7).


5.


Dividends

2023
2022
£
£


Dividends
66,664
65,000

66,664
65,000

Page 7

 
BUSH BABY TRAVEL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Intangible assets




Development expenditure

£



Cost


At 1 April 2022
16,386


Additions
1,892



At 31 March 2023

18,278



Amortisation


At 1 April 2022
15,818


Charge for the year on owned assets
757



At 31 March 2023

16,575



Net book value



At 31 March 2023
1,703



At 31 March 2022
568



Page 8

 
BUSH BABY TRAVEL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2022
37,202


Additions
2,065



At 31 March 2023

39,267



Depreciation


At 1 April 2022
35,604


Charge for the year on owned assets
1,464



At 31 March 2023

37,068



Net book value



At 31 March 2023
2,199



At 31 March 2022
1,598


8.


Debtors

2023
2022
£
£


Other debtors
5,735
7,479

Prepayments and accrued income
553,410
469,693

559,145
477,172


Included within prepayments and accrued income are £518,533 (2022: £435,663) of prepaid costs relating to tours departing post year end.

Page 9

 
BUSH BABY TRAVEL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
-
17,789

Corporation tax
41,305
20,475

Other creditors
6,373
7,638

Accruals and deferred income
825,369
713,959

883,047
769,861


Included within accruals and deferred income in the above and below note are £815,944 (2022: £705,404) of advanced receipts relating to tours departing post year end.


10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
23,208
32,500

Accruals and deferred income
2,788
5,261

25,996
37,761



11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
23,208
32,500


23,208
32,500



33,208
42,500


Page 10

 
BUSH BABY TRAVEL LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



30,100 (2022 - 2) Ordinary shares of £1.00 each
30,100
2


In the year, 30,098 shares were allotted via a bonus issue, with a nominal value of £1.


13.


Pension commitments

The company operates a defined contributions pension scheme. The assets if the scheme are held seperately from those of the company in an independantly administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,142 (2022: £1,433). Contributions totalling £402 (2022: £254) were payable to the fund at the balance sheet date.


14.


Related party transactions

 At the year end, the Company owed £Nil (2022: £84) to the director.


15.


Controlling party

The company is controlled by the directors. 

 
Page 11