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Registration number: 04933654

Amazing Journeys Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 October 2024

 

Amazing Journeys Limited

Contents

Company Information

1

Accountants' Report

2

Abridged Profit and Loss Account

3

Abridged Balance Sheet

4

Notes to the Unaudited Abridged Financial Statements

5 to 7

 

Amazing Journeys Limited

Company Information

Director

Mr JM Bartlett

Registered office

B3 Clover House
Harvey Drive
John Wilson Business Park
Whitstable
Kent
CT5 3QZ

Accountants

C W W Ltd
B3 Clover House
Harvey Drive
John Wilson Business Park
Whitstable
Kent
CT5 3QZ

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Amazing Journeys Limited
for the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Amazing Journeys Limited for the year ended 31 October 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Amazing Journeys Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Amazing Journeys Limited and state those matters that we have agreed to state to the Board of Directors of Amazing Journeys Limited. . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Amazing Journeys Limited and its Board of Directors as a body for our work or for this report.

 

It is your duty to ensure that Amazing Journeys Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Amazing Journeys Limited. You consider that Amazing Journeys Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Amazing Journeys Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

C W W Ltd
B3 Clover House
Harvey Drive
John Wilson Business Park
Whitstable
Kent
CT5 3QZ

6 November 2024

Directors statement

Maidstone Scuba School is the trading name of Amazing Journeys Limited (AJL). AJL derives its income from SCUBA training and indirectly through dive travel. Following the Covid pandemic, the ongoing war in Ukraine, inflation, high interest rates and general cost of living crisis, AJL has continued to be severely affected. Restrictions imposed by Virgin Money Bank due to the reduced turnover prevented urgently needed updates to our online booking system which resulted in a further reduction in sales. The foregoing, along with the ongoing cost of living crisis continued to result in reductions in online bookings throughout the period 1st November 2023 to 31st October 2024. As a result of the aforementioned it has been decided to cease trading and to issue a DS01 to Companies House.

 

Amazing Journeys Limited

Abridged Profit and Loss Account for the Year Ended 31 October 2024

Note

2024
£

2023
£

Gross profit

 

2,077

3,485

Administrative expenses

 

(2,172)

(4,630)

Interest payable and similar expenses

 

-

(1)

Loss before tax

(95)

(1,146)

Tax on loss

 

-

(63)

Loss for the financial year

 

(95)

(1,209)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Amazing Journeys Limited

(Registration number: 04933654)
Abridged Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Creditors: Amounts falling due within one year

(11,233)

(11,138)

Capital and reserves

 

Called up share capital

5

2

2

Retained earnings

(11,235)

(11,140)

Shareholders' deficit

 

(11,233)

(11,138)

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 Balance Sheet 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 November 2024
 

.........................................
Mr JM Bartlett
Director

 

Amazing Journeys Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
B3 Clover House
Harvey Drive
John Wilson Business Park
Whitstable
Kent
CT5 3QZ

These financial statements were authorised for issue by the director on 6 November 2024.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

Amazing Journeys Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

5% SL

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Amazing Journeys Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

4

Intangible assets

Total
£

Cost or valuation

At 1 November 2023

29,500

At 31 October 2024

29,500

Amortisation

At 1 November 2023

29,500

At 31 October 2024

29,500

Carrying amount

At 31 October 2024

-

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2