Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30falsetrue2022-10-01development of common technology and communication standards in the travel industry11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02398368 2022-10-01 2023-09-30 02398368 2021-10-01 2022-09-30 02398368 2023-09-30 02398368 2022-09-30 02398368 c:Director6 2022-10-01 2023-09-30 02398368 d:CurrentFinancialInstruments 2023-09-30 02398368 d:CurrentFinancialInstruments 2022-09-30 02398368 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 02398368 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 02398368 d:ShareCapital 2023-09-30 02398368 d:ShareCapital 2022-09-30 02398368 d:CapitalRedemptionReserve 2023-09-30 02398368 d:CapitalRedemptionReserve 2022-09-30 02398368 d:RetainedEarningsAccumulatedLosses 2023-09-30 02398368 d:RetainedEarningsAccumulatedLosses 2022-09-30 02398368 c:FRS102 2022-10-01 2023-09-30 02398368 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 02398368 c:FullAccounts 2022-10-01 2023-09-30 02398368 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 02398368










TRAVEL TECHNOLOGY INITIATIVE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
TRAVEL TECHNOLOGY INITIATIVE LIMITED
 

CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 3


 
TRAVEL TECHNOLOGY INITIATIVE LIMITED
REGISTERED NUMBER: 02398368

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
£
£

  

Current assets
  

Debtors due within 1 year
 4 
27,098
7,184

Bank and cash balances
  
24,817
59,459

  
51,915
66,643

Creditors: amounts falling due within one year
 5 
(21,330)
(16,672)

Net current assets
  
 
 
30,585
 
 
49,971

Total assets less current liabilities
  
30,585
49,971

  

Net assets
  
30,585
49,971


Capital and reserves
  

Called up share capital 
  
5,880
5,880

Capital redemption reserve
  
5,040
5,040

Profit and loss account
  
19,665
39,051

  
30,585
49,971


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 18 September 2024.




T Wright
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
TRAVEL TECHNOLOGY INITIATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Travel Technology Initiative Limited is a private company, limited by shares, registered in England. The company's registered number and registered office address can be found on the Company information page. 

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

Turnover

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

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.4

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.

 
2.5

Creditors

Short term creditors are measured at the transaction price

 
2.6

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 1 (2022 - 1).

Page 2

 
TRAVEL TECHNOLOGY INITIATIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Debtors

2023
2022
£
£


Other debtors
3,612
2,827

Prepayments and accrued income
23,486
4,357

27,098
7,184



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals and deferred income
21,330
16,672

21,330
16,672



6.


Related party transactions

During the year, directors of the company provided consultancy services to the company amounting to £13,800 (2022: £13,160). 


7.


Controlling party

The company is controlled by the shareholders. 

 
Page 3