Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falsetravel company22falsetrue 05757607 2023-04-01 2024-03-31 05757607 2022-04-01 2023-03-31 05757607 2024-03-31 05757607 2023-03-31 05757607 c:Director2 2023-04-01 2024-03-31 05757607 d:CurrentFinancialInstruments 2024-03-31 05757607 d:CurrentFinancialInstruments 2023-03-31 05757607 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05757607 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05757607 d:ShareCapital 2024-03-31 05757607 d:ShareCapital 2023-03-31 05757607 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 05757607 d:RetainedEarningsAccumulatedLosses 2024-03-31 05757607 d:RetainedEarningsAccumulatedLosses 2023-03-31 05757607 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 05757607 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05757607 c:OrdinaryShareClass1 2023-04-01 2024-03-31 05757607 c:OrdinaryShareClass1 2024-03-31 05757607 c:OrdinaryShareClass1 2023-03-31 05757607 c:FRS102 2023-04-01 2024-03-31 05757607 c:Audited 2023-04-01 2024-03-31 05757607 c:FullAccounts 2023-04-01 2024-03-31 05757607 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05757607 c:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05757607 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05757607










ISON TRAVEL LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
ISON TRAVEL LIMITED
REGISTERED NUMBER: 05757607

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,026,374
104,308

Cash at bank and in hand
 5 
705,590
1,685

  
1,731,964
105,993

Creditors: amounts falling due within one year
 6 
(1,594,202)
(65,892)

Net current assets
  
 
 
137,762
 
 
40,101

Total assets less current liabilities
  
137,762
40,101

Provisions for liabilities
  

Deferred tax
  
(129)
-

  
 
 
(129)
 
 
-

Net assets
  
137,633
40,101


Capital and reserves
  

Called up share capital 
  
40,000
40,000

Profit and loss account
  
97,633
101

  
137,633
40,101


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 by: 




M R Gough
Director

Date: 19 August 2024

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
ISON TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

ISON Travel Limited is a private company limited by shares incorporated in England and Wales, United Kingdom.
The registered office address is Helford House, Hook Heath Road, Woking, United Kingdom, GU22 0QE.
The principal activity of the compant in the year under review was that of a travel agent.

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

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:

Revenue represents amounts receivable from the sales of flights, visas and other travel related services supplied to customers net of VAT. Revenue is recognised at the point when an invoice is raised and when there is reasonable certainty that such transactions will be completed.

 
2.3

Current and deferred taxation

The tax expense for the period 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.

Page 2

 
ISON TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

 
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

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.


3.


Employees

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


4.


Debtors

2024
2023
£
£


Other debtors
1,026,374
104,308

1,026,374
104,308


Other debtors includes a financial guarantee of £894,000 paid to IATA.

Page 3

 
ISON TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
705,590
1,685

705,590
1,685



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
357,607
-

Amounts owed to group undertakings
1,077,818
65,892

Corporation tax
32,554
-

Accruals and deferred income
126,223
-

1,594,202
65,892


Page 4

 
ISON TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Deferred taxation




2024


£






Charged to profit or loss
(129)



At end of year
(129)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(129)
-

(129)
-


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



40,000 (2023 - 40,000) Ordinary shares of £1.00 each
40,000
40,000



9.


Reserves

Profit and loss account

Includes all current and prior period retained profit and losses and current year's profit.


10.


Controlling party

The Company is controlled by the Directors.


11.


Auditors' information

The auditors' report on the financial statements for the period ended 31 March 2024 was unqualified.

The audit report was signed on 19 August 2024 by Ian Palmer FCCA (Senior Statutory Auditor) on behalf of Xeinadin Audit Limited.

 
Page 5