Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalseTravel Consultancy Services22true 03348019 2023-05-01 2024-04-30 03348019 2022-05-01 2023-04-30 03348019 2024-04-30 03348019 2023-04-30 03348019 c:Director1 2023-05-01 2024-04-30 03348019 d:ComputerEquipment 2023-05-01 2024-04-30 03348019 d:ComputerEquipment 2024-04-30 03348019 d:ComputerEquipment 2023-04-30 03348019 d:CurrentFinancialInstruments 2024-04-30 03348019 d:CurrentFinancialInstruments 2023-04-30 03348019 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03348019 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03348019 d:ShareCapital 2024-04-30 03348019 d:ShareCapital 2023-04-30 03348019 d:RetainedEarningsAccumulatedLosses 2024-04-30 03348019 d:RetainedEarningsAccumulatedLosses 2023-04-30 03348019 c:EntityNoLongerTradingButTradedInPast 2023-05-01 2024-04-30 03348019 c:FRS102 2023-05-01 2024-04-30 03348019 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03348019 c:FullAccounts 2023-05-01 2024-04-30 03348019 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03348019 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 03348019









TRAVELWATCH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
TRAVELWATCH LIMITED
REGISTERED NUMBER: 03348019

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
-
223

  
-
223

Current assets
  

Debtors: amounts falling due within one year
 6 
1,060
1,945

Cash at bank and in hand
 7 
-
4,734

  
1,060
6,679

Creditors: amounts falling due within one year
 8 
(1,058)
(6,581)

Net current assets
  
 
 
2
 
 
98

Total assets less current liabilities
  
2
321

  

Net assets
  
2
321


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
-
319

  
2
321


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 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 by: 


C Beeching
Director

Date: 9 August 2024
Page 1

 
TRAVELWATCH LIMITED
REGISTERED NUMBER: 03348019
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024


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

Page 2

 
TRAVELWATCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Travelwatch Limited is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company ceased trading during the financial year and the directors are planning to undertake a voluntarily strike-off following this period.

 
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

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.

Page 3

 
TRAVELWATCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

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:

Computer equipment
-
33% 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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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 Balance Sheet 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
Page 4

 
TRAVELWATCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

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.

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.

 
2.10

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.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.


4.


Employees

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

Page 5

 
TRAVELWATCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Computer equipment

£





At 1 May 2023
1,703


Disposals
(1,703)



At 30 April 2024

-





At 1 May 2023
1,480


Disposals
(1,480)



At 30 April 2024

-



Net book value



At 30 April 2024
-



At 30 April 2023
223

Page 6

 
TRAVELWATCH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Other debtors
1,060
-

Prepayments and accrued income
-
1,945

1,060
1,945



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
-
4,734

-
4,734



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
1,058
74

Other taxation and social security
-
1,108

Other creditors
-
3,320

Accruals and deferred income
-
2,079

1,058
6,581



9.


Related party transactions

Included within other debtors is a balance due from the directors to the company of £666  (2023: Creditor £2,626). Interest of 0% is paid on this loan and it is repayable on demand. 

 
Page 7