Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01falsetravel facilities11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09890640 2022-11-01 2023-10-31 09890640 2021-11-01 2022-10-31 09890640 2023-10-31 09890640 2022-10-31 09890640 c:Director1 2022-11-01 2023-10-31 09890640 d:CurrentFinancialInstruments 2023-10-31 09890640 d:CurrentFinancialInstruments 2022-10-31 09890640 d:Non-currentFinancialInstruments 2023-10-31 09890640 d:Non-currentFinancialInstruments 2022-10-31 09890640 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09890640 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09890640 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 09890640 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 09890640 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 09890640 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-10-31 09890640 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 09890640 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 09890640 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 09890640 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-10-31 09890640 d:ShareCapital 2023-10-31 09890640 d:ShareCapital 2022-10-31 09890640 d:RetainedEarningsAccumulatedLosses 2023-10-31 09890640 d:RetainedEarningsAccumulatedLosses 2022-10-31 09890640 c:FRS102 2022-11-01 2023-10-31 09890640 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09890640 c:FullAccounts 2022-11-01 2023-10-31 09890640 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Registered number: 09890640






AWAY TRANSPORT LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










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AWAY TRANSPORT LIMITED
REGISTERED NUMBER:09890640

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
47,919
50,026

Cash at bank and in hand
 5 
188
506

  
48,107
50,532

Creditors: amounts falling due within one year
 6 
(8,154)
(8,968)

Net current assets
  
 
 
39,953
 
 
41,564

Total assets less current liabilities
  
39,953
41,564

Creditors: amounts falling due after more than one year
 7 
(30,745)
(37,038)

  

Net assets
  
9,208
4,526


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
9,207
4,525

  
9,208
4,526


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 by: 




B Stamp
Director

Date: 30 July 2024
Page 1

 
AWAY TRANSPORT LIMITED
REGISTERED NUMBER:09890640
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023


Page 2

 
AWAY TRANSPORT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Away Transport Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Phoenix House, Redhill Aerodrome, Kings Mill Lane, Redhill, Surrey, United Kingdom, RH1 5JY.
The principal activity continued to be the provision of travel facilities. 

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

Taking into account a period exceeding 12 months from the date of approval of these financial statements, the Directors have a reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future, and for this reason will continue to adopt the going concern basis in the preparation of its financial statements.

 
2.3

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.

 
2.4

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.

 
2.5

Borrowing costs

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

Page 3

 
AWAY TRANSPORT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

Taxation

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 balance sheet date in the countries where the company operates and generates income.

 
2.7

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.

 
2.8

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.

 
2.9

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

 
AWAY TRANSPORT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.10

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 Balance Sheet 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.

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 -1).

Page 5

 
AWAY TRANSPORT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
11,305
8,318

Other debtors
36,614
41,708

47,919
50,026



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
188
506

188
506



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,556
5,556

Other taxation and social security
1,098
461

Accruals and deferred income
1,500
2,951

8,154
8,968



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
30,745
37,038

30,745
37,038


Page 6

 
AWAY TRANSPORT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,556
5,556

Amounts falling due 1-2 years

Bank loans
5,556
5,556

Amounts falling due 2-5 years

Bank loans
16,667
16,667

Amounts falling due after more than 5 years

Bank loans
8,523
14,815

36,302
42,594


 
Page 7