Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-3162022-11-01falseNo description of principal activity6falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02953261 2022-11-01 2023-10-31 02953261 2021-11-01 2022-10-31 02953261 2023-10-31 02953261 2022-10-31 02953261 c:Director1 2022-11-01 2023-10-31 02953261 d:MotorVehicles 2022-11-01 2023-10-31 02953261 d:MotorVehicles 2023-10-31 02953261 d:MotorVehicles 2022-10-31 02953261 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 02953261 d:FurnitureFittings 2022-11-01 2023-10-31 02953261 d:FurnitureFittings 2023-10-31 02953261 d:FurnitureFittings 2022-10-31 02953261 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 02953261 d:OfficeEquipment 2022-11-01 2023-10-31 02953261 d:OfficeEquipment 2023-10-31 02953261 d:OfficeEquipment 2022-10-31 02953261 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 02953261 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 02953261 d:CurrentFinancialInstruments 2023-10-31 02953261 d:CurrentFinancialInstruments 2022-10-31 02953261 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 02953261 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 02953261 d:ShareCapital 2023-10-31 02953261 d:ShareCapital 2022-10-31 02953261 d:RetainedEarningsAccumulatedLosses 2023-10-31 02953261 d:RetainedEarningsAccumulatedLosses 2022-10-31 02953261 c:FRS102 2022-11-01 2023-10-31 02953261 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 02953261 c:FullAccounts 2022-11-01 2023-10-31 02953261 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 02953261 2 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 02953261










UP AND AWAY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
UP AND AWAY LIMITED
REGISTERED NUMBER: 02953261

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
58,789
14,996

Current assets
  

Debtors: amounts falling due within one year
 5 
953,714
571,670

Cash at bank and in hand
 6 
401,633
465,947

  
1,355,347
1,037,617

Creditors: amounts falling due within one year
 7 
(1,247,817)
(883,295)

Net current assets
  
 
 
107,530
 
 
154,322

  

Net assets
  
166,319
169,318


Capital and reserves
  

Called up share capital 
  
55,000
55,000

Profit and loss account
  
111,319
114,318

  
166,319
169,318


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 profit and loss account 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 30 January 2024.




................................................
K J Carmichael
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
UP AND AWAY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Up And Away Limited is a private company limited by shares, incorporated and domiciled in the UK. The registered office and principal place of business are situated at 11 Norfield Road, Dartford, Kent, DA2 7NY. Its principal activity is that of travel agency services.

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

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.

 
2.3

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.

 
2.4

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.

Page 2

 
UP AND AWAY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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:

Motor vehicles
-
20%
straight line
Fixtures and fittings
-
20%
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.

 
2.8

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.

 
2.9

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.

Page 3

 
UP AND AWAY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position when there is an 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.

 
2.12

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 6 (2022 - 6).

Page 4

 
UP AND AWAY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2022
19,995
2,038
2,740
24,773


Additions
57,350
-
-
57,350



At 31 October 2023

77,345
2,038
2,740
82,123



Depreciation


At 1 November 2022
4,999
2,038
2,740
9,777


Charge for the year on owned assets
13,557
-
-
13,557



At 31 October 2023

18,556
2,038
2,740
23,334



Net book value



At 31 October 2023
58,789
-
-
58,789



At 31 October 2022
14,996
-
-
14,996


5.


Debtors

2023
2022
£
£


Trade debtors
638,577
329,643

Other debtors
313,033
240,537

Prepayments and accrued income
2,104
1,490

953,714
571,670



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
401,633
465,947


Page 5

 
UP AND AWAY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
47,421
52,729

Corporation tax
143
143

Other taxation and social security
2,538
2,649

Other creditors
10,000
110,000

Accruals and deferred income
1,187,715
717,774

1,247,817
883,295



8.


Pension commitments

The company operates a defined contribution 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 during the year and amounted to £2,185 (2022 - £2,215). Contributions totalling £nil (2022 - £nil) were payable to the fund at the reporting date and are included in creditors.


Page 6