Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31042023-04-01falseTour operator activities3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03850915 2023-04-01 2024-03-31 03850915 2022-04-01 2023-03-31 03850915 2024-03-31 03850915 2023-03-31 03850915 c:Director1 2023-04-01 2024-03-31 03850915 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 03850915 d:Buildings d:ShortLeaseholdAssets 2024-03-31 03850915 d:Buildings d:ShortLeaseholdAssets 2023-03-31 03850915 d:PlantMachinery 2023-04-01 2024-03-31 03850915 d:PlantMachinery 2024-03-31 03850915 d:PlantMachinery 2023-03-31 03850915 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03850915 d:MotorVehicles 2023-04-01 2024-03-31 03850915 d:MotorVehicles 2024-03-31 03850915 d:MotorVehicles 2023-03-31 03850915 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03850915 d:FurnitureFittings 2023-04-01 2024-03-31 03850915 d:FurnitureFittings 2024-03-31 03850915 d:FurnitureFittings 2023-03-31 03850915 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03850915 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03850915 d:CurrentFinancialInstruments 2024-03-31 03850915 d:CurrentFinancialInstruments 2023-03-31 03850915 d:Non-currentFinancialInstruments 2024-03-31 03850915 d:Non-currentFinancialInstruments 2023-03-31 03850915 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03850915 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03850915 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 03850915 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03850915 d:ShareCapital 2024-03-31 03850915 d:ShareCapital 2023-03-31 03850915 d:RetainedEarningsAccumulatedLosses 2024-03-31 03850915 d:RetainedEarningsAccumulatedLosses 2023-03-31 03850915 c:FRS102 2023-04-01 2024-03-31 03850915 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03850915 c:FullAccounts 2023-04-01 2024-03-31 03850915 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03850915 d:EntityControlledByKeyManagementPersonnel1 2023-04-01 2024-03-31 03850915 d:EntityControlledByKeyManagementPersonnel1 2024-03-31 03850915 d:EntityControlledByKeyManagementPersonnel2 2023-04-01 2024-03-31 03850915 d:EntityControlledByKeyManagementPersonnel2 2024-03-31 03850915 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03850915 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 03850915 2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 03850915










ROADS LESS TRAVELLED LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
ROADS LESS TRAVELLED LIMITED
REGISTERED NUMBER: 03850915

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
48,564
52,045

  
48,564
52,045

Current assets
  

Debtors: amounts falling due within one year
 5 
72,245
65,620

Cash at bank and in hand
  
137,382
252,992

  
209,627
318,612

Creditors: amounts falling due within one year
 6 
(97,686)
(221,775)

Net current assets
  
 
 
111,941
 
 
96,837

Total assets less current liabilities
  
160,505
148,882

Creditors: amounts falling due after more than one year
 7 
(46,865)
(58,953)

Provisions for liabilities
  

Deferred tax
 8 
(5,922)
(6,414)

  
 
 
(5,922)
 
 
(6,414)

Net assets
  
107,718
83,515


Capital and reserves
  

Called up share capital 
  
30,000
30,000

Profit and loss account
  
77,718
53,515

  
107,718
83,515


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 on 25 June 2024.
Page 1

 
ROADS LESS TRAVELLED LIMITED
REGISTERED NUMBER: 03850915
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024





Mrs B A Cray
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ROADS LESS TRAVELLED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Road Less Travelled Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The address of the registered office is 8th Floor Becket House, 36 Old Jewry, London, England, EC2R 8DD.
The nature of the company's operations and principal activites in the year under review was that 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

  
2.2

Revenue

Revenue represents income received or receivable, for tours departing during the financial year, recognised on a departure date basis.

 
2.3

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 straight line and reducing balance method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Motor vehicles
-
25%
straight line
Fixtures and fittings
-
20%
reducing balance

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.

 
2.4

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.

Page 3

 
ROADS LESS TRAVELLED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

  
2.7

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants for revenue expenditure are presented as part of the profit or loss in the periods in which the expenditure is recognised.

 
2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.9

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.

Page 4

 
ROADS LESS TRAVELLED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Interest income

Interest income is recognised in profit or loss 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

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 3).

Page 5

 
ROADS LESS TRAVELLED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Property Improvement
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
38,401
25,723
15,417
4,237
83,778


Additions
-
-
-
507
507



At 31 March 2024

38,401
25,723
15,417
4,744
84,285



Depreciation


At 1 April 2023
-
25,723
1,937
4,073
31,733


Charge for the year on owned assets
-
-
3,854
134
3,988



At 31 March 2024

-
25,723
5,791
4,207
35,721



Net book value



At 31 March 2024
38,401
-
9,626
537
48,564



At 31 March 2023
38,401
-
13,480
164
52,045

Page 6

 
ROADS LESS TRAVELLED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
12,526
807

Prepayments and accrued income
59,719
64,813

72,245
65,620


Prepayments include advance payments to suppliers for future travel amounting to £59,719 (2023: £64,813).


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
4,500

Corporation tax
6,169
3,020

Other creditors
16,383
21,471

Accruals and deferred income
75,134
192,784

97,686
221,775


Deferred income includes advance receipt from customers for future travel amounting to £71,384 (2023: £189,284). 


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
46,865
58,953

46,865
58,953


Page 7

 
ROADS LESS TRAVELLED LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Deferred taxation




2024


£






At beginning of year
(6,414)


Charged to profit or loss
492



At end of year
(5,922)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(5,922)
(6,414)

(5,922)
(6,414)


9.


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 £110,371 (2023: £30,255). Contributions totalling £Nil (2023: £Nil) were payable to the fund at the balance sheet date and are included in creditors.


10.


Related party transactions

During the year, J Lightwood made advancements of £5,400 (2023: £23,841) and  repayments of £312 (2023: £25,312) to the company. At the year end the company owed £5,383 (2023: £10,471) to J Lightwood, director of the company. 
During the year, Mrs B A Cray made advancements of £12,400 (2023: £3,393) and repayments of £312 (2023: £25,312) to the company. At the year end the company owed £57,865 (2023: £69,953) to Mrs B A Cray, director of the company. 

11.


Controlling party

The company is controlled by Mr J Lightwood and Mrs B A Cray.

 
Page 8