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REGISTERED NUMBER: 08182407 (England and Wales)















REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ACCESS TRAVEL MANAGEMENT LIMITED

ACCESS TRAVEL MANAGEMENT LIMITED (REGISTERED NUMBER: 08182407)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Report of the Director 2

Report of the Independent Auditors 3

Income Statement 7

Abridged Balance Sheet 8

Notes to the Financial Statements 9


ACCESS TRAVEL MANAGEMENT LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: Ms P M Barnes



REGISTERED OFFICE: 20 St John Street
Lichfield
Staffordshire
WS13 6PB



REGISTERED NUMBER: 08182407 (England and Wales)



SENIOR STATUTORY AUDITOR: Michael Atkinson FCA



AUDITORS: Wright & Co Partnership Limited
Chartered Accountants & Statutory Auditors
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ

ACCESS TRAVEL MANAGEMENT LIMITED (REGISTERED NUMBER: 08182407)

REPORT OF THE DIRECTOR
for the Year Ended 31 January 2024

The director presents her report with the financial statements of the company for the year ended 31 January 2024.

DIRECTORS
Ms P M Barnes has held office during the whole of the period from 1 February 2023 to the date of this report.

Other changes in directors holding office are as follows:

I T Brett - deceased 29 September 2023

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and she has taken all the steps that she ought to have taken as a director in order to make herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Wright & Co Partnership Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Ms P M Barnes - Director


16 July 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ACCESS TRAVEL MANAGEMENT LIMITED

Opinion
We have audited the financial statements of Access Travel Management Limited (the 'company') for the year ended 31 January 2024 which comprise the Income Statement, Abridged Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 January 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Director has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ACCESS TRAVEL MANAGEMENT LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Director.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page two, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ACCESS TRAVEL MANAGEMENT LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We obtained an understanding of the legal and regulatory frameworks applicable to the company and the industry in which it operates and determined which may influence the financial statements.
We determined that the following laws and regulations are the most significant which are directly relevant to specific assertions in the financial statements:
Those that relate to reporting frameworks being FRS102 and the Companies Act 2006 and the relevant tax compliance regulations.
Those that relate to the operational activities of the company as roofing contractors being compliant with the various health and safety legislation.
We assessed the susceptibility of the company's financial statements to material misstatements, including how fraud might occur. We performed the following audit procedures to address the risks related to irregularities and fraud:
Evaluation of the processes and controls in place to address the risks related to irregularities and fraud;
challenge of the assumptions and judgements made by management in its significant accounting estimates;
review and testing of journal entries relating to management estimates and journal entries impacting the reported result for the year;
consideration of the potential fraud in revenue recognition;
identifying and testing related party transactions.
We enquired of management whether there was any awareness of instances of non-compliance with laws and regulations or whether they had any knowledge of actual or suspected fraud.
In assessing the potential risks of material misstatement, we obtained an understanding of the company's operations, the applicable statutory provisions and business risks that may result in risk of material misstatement, and the company's control environment including the adequacy of procedures or authorization of transactions.
These audit procedures were designed to provide reasonable assurance that the financial statements were free from fraud or error. The risk of not detecting material misstatements due to fraud is higher than the risk of not detecting one from error and detecting irregularities that result from fraud is inherently more difficult than detection of those that result from error, as fraud may involve collusion, deliberate concealment, forgery or intentional misrepresentations. Also, the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statements, the less likely we would become aware of it,
The engagement team's experience with similar engagements, their understanding and knowledge of the company's industry and their understanding of the industry and regulatory requirements were considered in assessing the appropriateness of the collective competence and capabilities of the engagement team.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ACCESS TRAVEL MANAGEMENT LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Michael Atkinson FCA (Senior Statutory Auditor)
for and on behalf of Wright & Co Partnership Limited
Chartered Accountants & Statutory Auditors
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ

17 July 2024

ACCESS TRAVEL MANAGEMENT LIMITED (REGISTERED NUMBER: 08182407)

INCOME STATEMENT
for the Year Ended 31 January 2024

2024 2023
Notes £    £   

TURNOVER 9,621,758 12,913,837

Cost of sales 8,128,820 10,321,056
GROSS PROFIT 1,492,938 2,592,781

Administrative expenses 1,033,534 761,381
OPERATING PROFIT and
PROFIT BEFORE TAXATION 459,404 1,831,400

Tax on profit 109,195 354,083
PROFIT FOR THE FINANCIAL YEAR 350,209 1,477,317

ACCESS TRAVEL MANAGEMENT LIMITED (REGISTERED NUMBER: 08182407)

ABRIDGED BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 431,513 73,691

CURRENT ASSETS
Debtors 1,444,778 1,173,463
Cash at bank 3,345,327 4,009,367
4,790,105 5,182,830
CREDITORS
Amounts falling due within one year 416,665 772,902
NET CURRENT ASSETS 4,373,440 4,409,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,804,953

4,483,619

PROVISIONS FOR LIABILITIES - 3,875
NET ASSETS 4,804,953 4,479,744

CAPITAL AND RESERVES
Called up share capital 6 30,005 30,005
Retained earnings 7 4,774,948 4,449,739
SHAREHOLDERS' FUNDS 4,804,953 4,479,744

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved by the director and authorised for issue on 16 July 2024 and were signed by:





Ms P M Barnes - Director


ACCESS TRAVEL MANAGEMENT LIMITED (REGISTERED NUMBER: 08182407)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and value added tax.

Turnover from a contract to provide services is recognized in the period in which the services are provided in accordance with the stage of completion of the contract.

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 for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its expected useful life:

Freehold land nil%
Motor vehicles 25% reducing balance
Computer equipment 25% reducing balance

Taxation
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ACCESS TRAVEL MANAGEMENT LIMITED (REGISTERED NUMBER: 08182407)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Going concern
The director has prepared these financial statements on a going concern basis after assessing the expected budget performance of the company out to a period of no less than twelve months from the date on which these financial statements have been signed.
The company is able to meet its day-to-day working capital requirements without the need of its overdraft facilities.
Based on the above, the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and the director believes that it is appropriate to prepare the financial statements on a going concern basis.

Provisions and financial instruments
Provisions are measured at the present value of expenditure.

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities.

Impairment of tangible fixed assets
Management are required to test whether tangible fixed assets have suffered any impairment. The recoverable amount of cash generating units connected to the recorded value of these assets has been determined based on value in use estimates and compared to the book value to determine if an impairment provision is needed.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 21 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 15,118 24,563

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 112,580
Additions 386,159
Disposals (23,500 )
At 31 January 2024 475,239
DEPRECIATION
At 1 February 2023 38,889
Charge for year 15,118
Eliminated on disposal (10,281 )
At 31 January 2024 43,726
NET BOOK VALUE
At 31 January 2024 431,513
At 31 January 2023 73,691

Included in cost of land and buildings is freehold land of £ 386,159 (2023 - £ 0 ) which is not depreciated.

ACCESS TRAVEL MANAGEMENT LIMITED (REGISTERED NUMBER: 08182407)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
30,000 Ordinary £1 30,000 30,000
1 Ordinary A share £1 1 1
1 Ordinary B share £1 1 1
1 Ordinary C share £1 1 1
1 Ordinary D share £1 1 1
1 Ordinary E share £1 1 1
30,005 30,005



7. RESERVES
Retained
earnings
£   

At 1 February 2023 4,449,739
Profit for the year 350,209
Dividends (25,000 )
At 31 January 2024 4,774,948

8. RELATED PARTY DISCLOSURES

At 31st January 2024 the company was owed £1,011,719 (2023 - £470,919) from companies with a director in common.

During the year the company received services amounting to £77,724 (2023 - £78,218) from a company with a director in common.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms P M Barnes.