Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseNo description of principal activity2023-01-01false2422trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02763841 2023-01-01 2023-12-31 02763841 2022-01-01 2022-12-31 02763841 2023-12-31 02763841 2022-12-31 02763841 c:Director1 2023-01-01 2023-12-31 02763841 c:Director2 2023-01-01 2023-12-31 02763841 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 02763841 d:Buildings d:LongLeaseholdAssets 2023-12-31 02763841 d:Buildings d:LongLeaseholdAssets 2022-12-31 02763841 d:OfficeEquipment 2023-01-01 2023-12-31 02763841 d:OfficeEquipment 2023-12-31 02763841 d:OfficeEquipment 2022-12-31 02763841 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02763841 d:ComputerEquipment 2023-01-01 2023-12-31 02763841 d:ComputerEquipment 2023-12-31 02763841 d:ComputerEquipment 2022-12-31 02763841 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02763841 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02763841 d:ComputerSoftware 2023-12-31 02763841 d:ComputerSoftware 2022-12-31 02763841 d:CurrentFinancialInstruments 2023-12-31 02763841 d:CurrentFinancialInstruments 2022-12-31 02763841 d:CurrentFinancialInstruments 1 2023-12-31 02763841 d:CurrentFinancialInstruments 1 2022-12-31 02763841 d:Non-currentFinancialInstruments 2023-12-31 02763841 d:Non-currentFinancialInstruments 2022-12-31 02763841 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02763841 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02763841 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 02763841 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 02763841 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 02763841 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 02763841 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 02763841 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 02763841 d:ShareCapital 2023-12-31 02763841 d:ShareCapital 2022-12-31 02763841 d:CapitalRedemptionReserve 2023-12-31 02763841 d:CapitalRedemptionReserve 2022-12-31 02763841 d:ForeignCurrencyTranslationReserve 2023-12-31 02763841 d:ForeignCurrencyTranslationReserve 2022-12-31 02763841 d:RetainedEarningsAccumulatedLosses 2023-12-31 02763841 d:RetainedEarningsAccumulatedLosses 2022-12-31 02763841 c:FRS102 2023-01-01 2023-12-31 02763841 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02763841 c:FullAccounts 2023-01-01 2023-12-31 02763841 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02763841 2 2023-01-01 2023-12-31 02763841 4 2023-01-01 2023-12-31 02763841 9 2023-01-01 2023-12-31 02763841 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 02763841










NORMAN ALLEN GROUP TRAVEL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
NORMAN ALLEN GROUP TRAVEL LIMITED
REGISTERED NUMBER: 02763841

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
8,616
14,308

Tangible assets
 5 
7,053
7,607

  
15,669
21,915

Current assets
  

Debtors: amounts falling due within one year
 6 
167,950
224,462

Cash at bank and in hand
 7 
842,431
971,360

  
1,010,381
1,195,822

Creditors: amounts falling due within one year
 8 
(503,824)
(481,919)

Net current assets
  
 
 
506,557
 
 
713,903

Total assets less current liabilities
  
522,226
735,818

Creditors: amounts falling due after more than one year
 9 
-
(113,371)

Provisions for liabilties
  

Deferred tax
  
(2,022)
(3,223)

  
 
 
(2,022)
 
 
(3,223)

Net assets
  
520,204
619,224


Capital and reserves
  

Called up share capital 
  
50,000
56,750

Capital redemption reserve
  
45,000
38,250

Foreign exchange reserve
  
-
22,900

Profit and loss account
  
425,204
501,324

  
520,204
619,224


Page 1

 
NORMAN ALLEN GROUP TRAVEL LIMITED
REGISTERED NUMBER: 02763841
    
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 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 26 June 2024.




S Hunter
P Mallon
Director
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
NORMAN ALLEN GROUP TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Norman Allen Group Travel Limited is a private company limited by shares incorporated in England and Wales,United Kingdom. The  address of the registered office is: Portfield House, Daws Road, Hereford, HR1 2JJ. The nature of the company's operations and principal activities in the year under review were those of tour operators.

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

Revenue

Turnover is recognised to the extent that is is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises of revenue recognised by the company in respect of sales of bookings made for holidays as tour operator. During the year the sales are recognised in the profit and loss at the date of departure, net of applicable VAT. 

 
2.3

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

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 Statement of comprehensive income in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Borrowing costs

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

Page 3

 
NORMAN ALLEN GROUP TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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.

 
2.9

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.10

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
NORMAN ALLEN GROUP TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

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:

Long-term leasehold property
-
25%
straight line
Office equipment
-
13%
straight line
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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

 
2.15

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.

Page 5

 
NORMAN ALLEN GROUP TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.16

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.

 
2.17

Hedge accounting

The Company uses foreign currency forward contracts to manage its exposure to cash flow risk on its foreign currency payments. These derivatives are measured at fair value at each reporting date.

To the extent the cash flow hedge is effective, movements in fair value are recognised in other comprehensive income and presented in a separate cash flow hedge reserve. Any ineffective portions of those movements are recognised in profit or loss for the year.

Gains and losses on the hedging instruments and the hedged items are recognised in profit or loss for the year. When a hedged item is an unrecognised firm commitment, the cumulative hedging gain or loss on the hedged item is recognised as an asset or liability with a corresponding gain or loss recognised in profit or loss.

 
2.18

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.


Employees

The average monthly number of employees, including directors, during the year was 24 (2022 - 22).

Page 6

 
NORMAN ALLEN GROUP TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Computer software

£



Cost


At 1 January 2023
104,785



At 31 December 2023

104,785



Amortisation


At 1 January 2023
90,477


Charge for the year on owned assets
5,692



At 31 December 2023

96,169



Net book value



At 31 December 2023
8,616



At 31 December 2022
14,308



Page 7

 
NORMAN ALLEN GROUP TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Long-term leasehold property
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
6,968
23,457
54,465
84,890


Additions
-
2,091
1,842
3,933



At 31 December 2023

6,968
25,548
56,307
88,823



Depreciation


At 1 January 2023
6,968
19,531
50,784
77,283


Charge for the year on owned assets
-
2,033
2,454
4,487



At 31 December 2023

6,968
21,564
53,238
81,770



Net book value



At 31 December 2023
-
3,984
3,069
7,053



At 31 December 2022
-
3,926
3,681
7,607


6.


Debtors

2023
2022
£
£


Other debtors
44,425
142,659

Prepayments and accrued income
123,525
63,399

Financial instruments
-
18,404

167,950
224,462


Prepayments and accrued income includes payments to suppliers for future travel amounting to £95,806 (2022: £43,690).

Page 8

 
NORMAN ALLEN GROUP TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
842,431
971,360

842,431
971,360



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
40,000

Trade creditors
122,606
124,812

Corporation tax
77,956
81,934

Other taxation and social security
23,692
29,522

Other creditors
43,212
27,689

Accruals and deferred income
236,358
177,962

503,824
481,919


Accruals and deferred income includes advance receipts from customers for future travel amounting to £159,865 (2022: £114,975 ).


9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
113,371

-
113,371


Barclays Security Trustee Limited holds a fixed and floating charge over all of the property and undertakings of the company.
In the prior years, the company took a Coronavirus Business Interruption Loan. This has now been fully repaid.

Page 9

 
NORMAN ALLEN GROUP TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
-
40,000


-
40,000

Amounts falling due 1-2 years

Bank loans
-
40,000


-
40,000

Amounts falling due 2-5 years

Bank loans
-
73,371


-
73,371


-
153,371



11.


Financial commitments, guarantees and contingencies

As at balance sheet date the company had a commitment to purchase £1,541,683 (2022: £930,890) of foreign currency within one year.


As at 31 December 2023, there were contingent liabilities, in relation to ABTA bonds, given by the
company in the normal course of business amounting to £402,188 (2022: £356,721)







12.


Pension commitments

The Company operates a defined contribution 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 £154,692 (2022 - £177,969).
Contributions totalling £363 (2022 - £Nil) were payable to the fund at the reporting date and are included
in other creditors.

Page 10

 
NORMAN ALLEN GROUP TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

13.


Related party transactions

As at the balance sheet date Path View Properties Limited owed the company £- (2022: £100,500). 







14.


Controlling party

The controlling parties are P Mallon & S Hunter by virtue of their shareholdings






 
Page 11