Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true22023-05-01falseOther reservation service activities not elsewhere classified1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08051064 2023-05-01 2024-04-30 08051064 2022-05-01 2023-04-30 08051064 2024-04-30 08051064 2023-04-30 08051064 c:CompanySecretary1 2023-05-01 2024-04-30 08051064 c:Director1 2023-05-01 2024-04-30 08051064 c:Director2 2023-05-01 2024-04-30 08051064 c:RegisteredOffice 2023-05-01 2024-04-30 08051064 d:PlantMachinery 2023-05-01 2024-04-30 08051064 d:PlantMachinery 2024-04-30 08051064 d:PlantMachinery 2023-04-30 08051064 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08051064 d:MotorVehicles 2023-05-01 2024-04-30 08051064 d:FurnitureFittings 2023-05-01 2024-04-30 08051064 d:FurnitureFittings 2024-04-30 08051064 d:FurnitureFittings 2023-04-30 08051064 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08051064 d:ComputerEquipment 2023-05-01 2024-04-30 08051064 d:ComputerEquipment 2024-04-30 08051064 d:ComputerEquipment 2023-04-30 08051064 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08051064 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 08051064 d:CurrentFinancialInstruments 2024-04-30 08051064 d:CurrentFinancialInstruments 2023-04-30 08051064 d:Non-currentFinancialInstruments 2024-04-30 08051064 d:Non-currentFinancialInstruments 2023-04-30 08051064 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08051064 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 08051064 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 08051064 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 08051064 c:FRS102 2023-05-01 2024-04-30 08051064 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08051064 c:FullAccounts 2023-05-01 2024-04-30 08051064 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08051064 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 08051064 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 iso4217:GBP xbrli:pure
Registered number: 08051064


AFRICAN AND ORIENTAL LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 APRIL 2024

 
AFRICAN AND ORIENTAL LIMITED
 
 
COMPANY INFORMATION


Directors
H Alexander 
M Jah 




Company secretary
M Jah



Registered number
08051064



Registered office
8th Floor Becket House
36 Old Jewry

London

EC2R 8DD




Accountants
Xeinadin London Limited
Accountants

8th Floor

Becket House

36 Old Jewry

London

EC2R 8DD





 
AFRICAN AND ORIENTAL LIMITED
 

CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 8


 
AFRICAN AND ORIENTAL LIMITED
REGISTERED NUMBER: 08051064

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
£
£


Fixed assets
12,466
9,091

Current assets
129,813
81,398

Creditors: amounts falling due within one year
(66,962)
(56,174)

Net current assets
 
 
62,851
 
 
25,224

Total assets less current liabilities
75,317
34,315

Creditors: amounts falling due after more than one year
(33,420)
(43,530)

Provisions for liabilities

Deferred taxation
(2,369)
-

 
 
(2,369)
 
 
-

Net assets/(liabilities)
39,528
(9,215)



Capital and reserves
39,528
(9,215)


The directors consider 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 directors acknowledge their 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 comprehensive income 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: 




M Jah
Director

Date: 30 July 2024

Page 1

 
AFRICAN AND ORIENTAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

African and Oriental Limited is a private Company limited by shares incorporated in England and Wales. The address of the registered office is given in the Company information page of the financial statements.

The nature of the Company's operations and principal activities in the year under review were those of a tour operator.

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

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.

 
2.3

Revenue

Revenue represents amounts receivable for the sale of travel related services net of VAT and trade discounts. Income and related costs are recognised on a departure date basis.

 
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 2

 
AFRICAN AND ORIENTAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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:

Plant and machinery
-
5 years straight line
Motor vehicles
-
5 years straight line
Fixtures and fittings
-
5 years straight line
Computer equipment
-
5 years 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.

Page 3

 
AFRICAN AND ORIENTAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
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.

 
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

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

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.

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

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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Page 4

 
AFRICAN AND ORIENTAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

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.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 1).

Page 5

 
AFRICAN AND ORIENTAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
20,751
371
-
21,122


Additions
7,701
-
684
8,385



At 30 April 2024

28,452
371
684
29,507



Depreciation


At 1 May 2023
11,836
195
-
12,031


Charge for the year on owned assets
4,799
74
137
5,010



At 30 April 2024

16,635
269
137
17,041



Net book value



At 30 April 2024
11,817
102
547
12,466



At 30 April 2023
8,915
176
-
9,091


5.


Debtors

2024
2023
£
£


Trade debtors
4,166
15,636

Other debtors
1,516
528

Prepayments and accrued income
102,534
60,607

108,216
76,771



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
21,597
4,627

21,597
4,627


Page 6

 
AFRICAN AND ORIENTAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Corporation tax
425
-

Other creditors
-
1,024

Accruals and deferred income
56,537
45,150

66,962
56,174



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
28,821
34,677

Other creditors
4,599
8,853

33,420
43,530



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
28,821
34,677


28,821
34,677



38,821
44,677


Page 7

 
AFRICAN AND ORIENTAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Deferred taxation




2024


£






Charged to profit or loss
(2,369)



At end of year
(2,369)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,369)
-

(2,369)
-


11.


Related party transactions

During the year the Company had a loan account with the directors H Alexander and M Jah. At the year end, the company owes the directors £4,599 (2023: £8,853).


12.


Going Concern

Based on continued support from the directors, they are confident that the Company will have sufficient funds and cash reserves to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

 
Page 8