SATOA Ltd 04286621 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is membership organisation for South African tour operators. Digita Accounts Production Advanced 6.30.9574.0 true 04286621 2022-06-01 2023-05-31 04286621 2023-05-31 04286621 core:CurrentFinancialInstruments 2023-05-31 04286621 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 04286621 bus:SmallEntities 2022-06-01 2023-05-31 04286621 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 04286621 bus:FullAccounts 2022-06-01 2023-05-31 04286621 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 04286621 bus:RegisteredOffice 2022-06-01 2023-05-31 04286621 bus:Director4 2022-06-01 2023-05-31 04286621 bus:CompanyLimitedByGuarantee 2022-06-01 2023-05-31 04286621 countries:England 2022-06-01 2023-05-31 04286621 2021-06-01 2022-05-31 04286621 2022-05-31 04286621 core:CurrentFinancialInstruments 2022-05-31 04286621 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 04286621

SATOA Ltd

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

SATOA Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 4

 

SATOA Ltd

Company Information

Director

Patrick North Coombes

Registered office

C/o Reve Tourism
21g Heathmans Road
London
SW6 4TJ

Accountants

Atek Accounting Solutions Ltd
First Floor
111 Queens Road
Weybridge
Surrey
KT13 9UN

 

SATOA Ltd

(Registration number: 04286621)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

33

1,218

Cash at bank and in hand

 

134

1,185

 

167

2,403

Creditors: Amounts falling due within one year

5

1

(1,302)

Net assets

 

168

1,101

Reserves

 

Retained earnings

168

1,101

Surplus

 

168

1,101

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 4 December 2023
 

.........................................
Patrick North Coombes
Director

 

SATOA Ltd

Notes to the Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
C/o Reve Tourism
21g Heathmans Road
London
SW6 4TJ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

SATOA Ltd

Notes to the Financial Statements for the Year Ended 31 May 2023 (continued)

2

Accounting policies (continued)

trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

4

Debtors

Current

2023
£

2022
£

Trade debtors

33

880

Prepayments

-

338

 

33

1,218

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

-

888

Accruals and deferred income

-

144

Other creditors

(1)

270

(1)

1,302