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Registration number: 07570360

Association Of Language Travel Organisations

(A company limited by guarantee)

Filleted Abridged Financial Statements

for the Year Ended 31 December 2023

 

Association Of Language Travel Organisations

Contents

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Abridged Financial Statements

3 to 5

 

Association Of Language Travel Organisations

Company Information

Directors

D Brown

Ms M C Blazquez

J A Quinn

Ms L A Linacre

J M E Sanchez

S Dervish

Registered office

D S House
306 High Street
Croydon
Surrey
CR0 1NG

Auditors

DSK Partners LLP
Chartered Accountants and Statutory Auditors
D S House
306 High Street
Croydon
Surrey
CR0 1NG

 

Association Of Language Travel Organisations

(Registration number: 07570360)
Abridged Statement of Financial Position as at 31 December 2023

Note

2023

2022

Fixed assets

 

Tangible assets

4

-

120

Current assets

 

Debtors

5

213,534

212,278

Cash at bank and in hand

 

83,853

55,824

 

297,387

268,102

Creditors: Amounts falling due within one year

(3,629)

(3,217)

Net current assets

 

293,758

264,885

Total assets less current liabilities

 

293,758

265,005

Accruals and deferred income

 

(192,637)

(152,580)

Net assets

 

101,121

112,425

Reserves

 

Retained earnings

101,121

112,425

Surplus

 

101,121

112,425

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Financial Activities.

Approved and authorised by the Board on 7 October 2024 and signed on its behalf by:
 

.........................................
J M E Sanchez
Director

   
     
 

Association Of Language Travel Organisations

Notes to the Abridged Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
D S House
306 High Street
Croydon
Surrey
CR0 1NG
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Euro (€) rounded to the nearest Euro.

Going concern

As part of the directors' assessment of going concern, they have prepared detailed cash flow and profit and loss forecasts for the next 12 months. The forecasts have been prepared on an appropriate basis, taking into account the current economic conditions that exist.

After making appropriate enquires, the directors have a reasonable expectation that the company has adequate resources to enable it to continue in operational existence for the foreseeable future. They believe it is appropriate to prepare the accounts on a going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 

Association Of Language Travel Organisations

Notes to the Abridged Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Foreign currency transactions and balances

Assets and liabilities in foreign currencies are translated into euros at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Tax

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following rates:

Asset class

Depreciation method and rate

Computer equipment

Straight line - 33.3%

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

 

Association Of Language Travel Organisations

Notes to the Abridged Financial Statements for the Year Ended 31 December 2023 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 €

Total

Cost or valuation

At 1 January 2023

2,135

2,135

At 31 December 2023

2,135

2,135

Depreciation

At 1 January 2023

2,015

2,015

Charge for the year

120

120

At 31 December 2023

2,135

2,135

Carrying amount

At 31 December 2023

-

-

At 31 December 2022

120

120

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Disclosure Under Section 444(5B) of the Companies Act 2006

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 7 October 2024 was Romit Basu FCA, who signed for and on behalf of DSK Partners LLP.