Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302023-11-272023-11-272022-07-01falsetruetrueNo description of principal activity22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 8948064 2022-07-01 2023-06-30 8948064 2021-07-01 2022-06-30 8948064 2023-06-30 8948064 2022-06-30 8948064 c:Director1 2022-07-01 2023-06-30 8948064 d:MotorVehicles 2022-07-01 2023-06-30 8948064 d:MotorVehicles 2023-06-30 8948064 d:MotorVehicles 2022-06-30 8948064 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 8948064 d:OfficeEquipment 2022-07-01 2023-06-30 8948064 d:OfficeEquipment 2023-06-30 8948064 d:OfficeEquipment 2022-06-30 8948064 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 8948064 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 8948064 d:CurrentFinancialInstruments 2023-06-30 8948064 d:CurrentFinancialInstruments 2022-06-30 8948064 d:Non-currentFinancialInstruments 2023-06-30 8948064 d:Non-currentFinancialInstruments 2022-06-30 8948064 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 8948064 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 8948064 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 8948064 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 8948064 d:ShareCapital 2023-06-30 8948064 d:ShareCapital 2022-06-30 8948064 d:RetainedEarningsAccumulatedLosses 2023-06-30 8948064 d:RetainedEarningsAccumulatedLosses 2022-06-30 8948064 c:OrdinaryShareClass1 2022-07-01 2023-06-30 8948064 c:OrdinaryShareClass1 2023-06-30 8948064 c:OrdinaryShareClass1 2022-06-30 8948064 c:FRS102 2022-07-01 2023-06-30 8948064 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 8948064 c:FullAccounts 2022-07-01 2023-06-30 8948064 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 8948064 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 8948064 d:HirePurchaseContracts d:WithinOneYear 2022-06-30 8948064 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 8948064 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-06-30 8948064 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 8948064 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 8948064 2 2022-07-01 2023-06-30 8948064 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-30 8948064 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 8948064









ENDEAVOUR TOURISM MARKETING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
ENDEAVOUR TOURISM MARKETING LIMITED
REGISTERED NUMBER: 8948064

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
18,018
23,142

Current assets
  

Debtors: amounts falling due within one year
 5 
669
2,896

Cash at bank and in hand
 6 
77,978
43,259

  
78,647
46,155

Creditors: amounts falling due within one year
 7 
(24,571)
(8,138)

Net current assets
  
 
 
54,076
 
 
38,017

Total assets less current liabilities
  
72,094
61,159

Creditors: amounts falling due after more than one year
 8 
-
(18,555)

Provisions for liabilities
  

Deferred tax
  
(1,813)
-

  
 
 
(1,813)
 
 
-

Net assets
  
70,281
42,604


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
70,181
42,504

  
70,281
42,604


The director considers 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 director acknowledges his 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 27 
Page 1

 
ENDEAVOUR TOURISM MARKETING LIMITED
REGISTERED NUMBER: 8948064
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

November 2023.

R F Hardless
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ENDEAVOUR TOURISM MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Endeavour Tourism Marketing Limited is a private company limited by shares domiciled in England and Wales. The registered office is at Priory House, 45-51 High Street, Reigate, Surrey RH2 9AE.

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 directors have considered the financial resources available along with the future plans for the Company when considering the going concern of the Company. After making enquiries, the directors have a reasonable expectation that the Company will have access to adequate resources to continue in operational existence for the foreseeable future given the cash balance and net assets. Accordingly, they continue to adopt the going concern basis in the preparation of the 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

 
ENDEAVOUR TOURISM MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.6

Interest income

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

 
2.7

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.

 
2.8

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.

Page 4

 
ENDEAVOUR TOURISM MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.9

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.10

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, .

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing basis
Office equipment
-
33%
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.

 
2.11

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 5

 
ENDEAVOUR TOURISM MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Page 6

 
ENDEAVOUR TOURISM MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.15
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.16

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.


3.


Employees

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

Page 7

 
ENDEAVOUR TOURISM MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2022
30,495
1,136
31,631


Additions
-
1,298
1,298



At 30 June 2023

30,495
2,434
32,929



Depreciation


At 1 July 2022
7,624
865
8,489


Charge for the year on owned assets
5,718
704
6,422



At 30 June 2023

13,342
1,569
14,911



Net book value



At 30 June 2023
17,153
865
18,018



At 30 June 2022
22,871
271
23,142

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
17,153
22,871


5.


Debtors

2023
2022
£
£


Trade debtors
-
831

Other debtors
-
504

Prepayments and accrued income
669
1,561

669
2,896


Page 8

 
ENDEAVOUR TOURISM MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
77,978
43,259



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
528
227

Other taxation and social security
1,246
514

Obligations under finance lease and hire purchase contracts
18,555
980

Other creditors
624
1,561

Accruals and deferred income
3,618
4,856

24,571
8,138



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
-
18,555



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
18,555
980

Between 1-5 years
-
18,155

18,555
19,135

Page 9

 
ENDEAVOUR TOURISM MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

10.


Deferred taxation




2023


£






Charged to profit or loss
1,813



At end of year
1,813

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
1,813
-


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



12.


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 £10,000 (2022 - £10,000) Contributions totalling £nil (2022- £nil) were payable to the fund at the reporting date and are included in creditors.

 
Page 10