Registered number
06885700
Kaya Responsible Travel Ltd
Unaudited Filleted Accounts
31 December 2022
Kaya Responsible Travel Ltd
Registered number: 06885700
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 8,134 3,251
Current assets
Debtors 4 174,454 13,672
Cash at bank and in hand 45,317 76,311
219,771 89,983
Creditors: amounts falling due within one year 5 (320,618) (285,782)
Net current liabilities (100,847) (195,799)
Net liabilities (92,713) (192,548)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (93,713) (193,548)
Shareholders' funds (92,713) (192,548)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Pownall
Director
Approved by the board on 13 February 2024
Kaya Responsible Travel Ltd
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 3 6
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2022 10,688
Additions 5,761
At 31 December 2022 16,449
Depreciation
At 1 January 2022 7,437
Charge for the year 878
At 31 December 2022 8,315
Net book value
At 31 December 2022 8,134
At 31 December 2021 3,251
4 Debtors 2022 2021
£ £
Trade debtors 64,277 13,672
Other debtors 110,177 -
174,454 13,672
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 49,623 50,630
Trade creditors 1,570 223,425
Taxation and social security costs 951 852
Other creditors 268,474 10,875
320,618 285,782
6 Related party transactions 2022 2021
£ £
World Volunterring LLC
Group Company
Loan
Amount due from the related party at year end and included in 48,425 -
other debtors
World Endeavours LLC
Group Company
Loan
Amount due from the related party at year end and included in 14,634 -
other debtors
EcuaExplorer
Group Company
Loan
Amount due from the related party at year end and included in 42,713 -
other debtors
7 Controlling party
The company is controlled by Impact Travel Group, a company incorporated in the USA, by virtue of its ownership of 100% of the issued share capital of Kaya Responsible Travel Ltd.
8 Other information
Kaya Responsible Travel Ltd is a private company limited by shares and incorporated in England. Its registered office is:
91 Princess Street
Manchester
M1 4HT
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