Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falsetrueNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04556194 2023-01-01 2023-12-31 04556194 2022-01-01 2022-12-31 04556194 2023-12-31 04556194 2022-12-31 04556194 c:Director5 2023-01-01 2023-12-31 04556194 d:FurnitureFittings 2023-01-01 2023-12-31 04556194 d:FurnitureFittings 2023-12-31 04556194 d:FurnitureFittings 2022-12-31 04556194 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04556194 d:CurrentFinancialInstruments 2023-12-31 04556194 d:CurrentFinancialInstruments 2022-12-31 04556194 d:Non-currentFinancialInstruments 2023-12-31 04556194 d:Non-currentFinancialInstruments 2022-12-31 04556194 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04556194 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04556194 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04556194 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04556194 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 04556194 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 04556194 d:RetainedEarningsAccumulatedLosses 2023-12-31 04556194 d:RetainedEarningsAccumulatedLosses 2022-12-31 04556194 c:FRS102 2023-01-01 2023-12-31 04556194 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04556194 c:FullAccounts 2023-01-01 2023-12-31 04556194 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 04556194 2 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 04556194


BRITISH EDUCATIONAL TRAVEL ASSOCIATION LIMITED
(A Company Limited by Guarantee)
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
BRITISH EDUCATIONAL TRAVEL ASSOCIATION LIMITED
 
(A Company Limited by Guarantee)
 

CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7


 
BRITISH EDUCATIONAL TRAVEL ASSOCIATION LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 04556194

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
400
1,067

  
400
1,067

Current assets
  

Debtors: amounts falling due within one year
 5 
500
-

Cash at bank and in hand
 6 
196,692
149,321

  
197,192
149,321

Creditors: amounts falling due within one year
 7 
(59,121)
(37,940)

Net current assets
  
 
 
138,071
 
 
111,381

Total assets less current liabilities
  
138,471
112,448

Creditors: amounts falling due after more than one year
 8 
(31,427)
(36,779)

  

Net assets
  
107,044
75,669


Capital and reserves
  

Profit and loss account
  
107,044
75,669

  
107,044
75,669


Page 1

 
BRITISH EDUCATIONAL TRAVEL ASSOCIATION LIMITED
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 04556194
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 income statement 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 31 July 2024.




S J Lowy
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BRITISH EDUCATIONAL TRAVEL ASSOCIATION LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

British Educational Travel Association Limited is a Company Limited by Guarantee, incorporated in England, United Kingdom.
The address of the registered office is: 8th Floor, Becket House, 36 Old Jewry, London, EC2R 8DD.
The principal activity of the Company continued to be that of a not for profit membership association, representing businesses in the youth, student and educational travel industry.

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.

  
2.2

Revenue

Turnover represents the invoiced value, net of value added tax, of subscriptions and event sales payable by members together with sundry industry related sales.

 
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 Income Statement 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 3

 
BRITISH EDUCATIONAL TRAVEL ASSOCIATION LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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:

Fixtures and fittings
-
33%
Straight line method

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.

 
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.

Page 4

 
BRITISH EDUCATIONAL TRAVEL ASSOCIATION LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2023
24,903



At 31 December 2023

24,903



Depreciation


At 1 January 2023
23,836


Charge for the year on owned assets
667



At 31 December 2023

24,503



Net book value



At 31 December 2023
400



At 31 December 2022
1,067

Page 5

 
BRITISH EDUCATIONAL TRAVEL ASSOCIATION LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Prepayments
500
-

500
-



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
196,692
149,321

196,692
149,321



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,351
5,219

Founder loans
-
1,051

Other taxation and social security
5,714
2,608

Accruals and deferred income
48,056
29,062

59,121
37,940



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
31,427
36,779

31,427
36,779


Page 6

 
BRITISH EDUCATIONAL TRAVEL ASSOCIATION LIMITED

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,351
5,219

Founder loans
-
1,051


5,351
6,270

Amounts falling due 1-2 years

Bank loans
31,427
36,779


31,427
36,779



36,778
43,049




10.


Company status

The Company is a private company limited by guarantee and consequently does not have share capital.
Each of the members is liable to contribute an amount towards the assets of the company in the event of
liquidation.


11.


Pension commitments

The Company operates a defined contributions 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 and amounted to £9,931 (2022: £7,605).
Contributions totalling £nil (2022 - nil) were payable to the fund at the balance sheet date.


12.


Controlling party

Management consider there to be no ultimate controlling party.

 
Page 7