Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302false22023-10-01No description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00893778 2023-10-01 2024-09-30 00893778 2022-10-01 2023-09-30 00893778 2024-09-30 00893778 2023-09-30 00893778 2022-10-01 00893778 c:Director1 2023-10-01 2024-09-30 00893778 d:FurnitureFittings 2023-10-01 2024-09-30 00893778 d:OfficeEquipment 2023-10-01 2024-09-30 00893778 d:OtherPropertyPlantEquipment 2024-09-30 00893778 d:OtherPropertyPlantEquipment 2023-09-30 00893778 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00893778 d:CurrentFinancialInstruments 2024-09-30 00893778 d:CurrentFinancialInstruments 2023-09-30 00893778 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 00893778 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 00893778 d:ShareCapital 2024-09-30 00893778 d:ShareCapital 2023-09-30 00893778 d:RetainedEarningsAccumulatedLosses 2024-09-30 00893778 d:RetainedEarningsAccumulatedLosses 2023-09-30 00893778 c:FRS102 2023-10-01 2024-09-30 00893778 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 00893778 c:FullAccounts 2023-10-01 2024-09-30 00893778 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00893778 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 00893778 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 00893778 2 2023-10-01 2024-09-30 00893778 5 2023-10-01 2024-09-30 00893778 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 00893778









KEITH BAILEY & CO.(TRAVEL)LIMITED







UNAUDITED

DIRECTOR'S REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
KEITH BAILEY & CO.(TRAVEL)LIMITED
REGISTERED NUMBER: 00893778

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,730
3,210

  
2,730
3,210

Current assets
  

Debtors: amounts falling due within one year
 5 
15,000
2,820,825

Cash at bank and in hand
 6 
2,284,957
115,448

  
2,299,957
2,936,273

Creditors: amounts falling due within one year
 7 
(14,943)
(514,418)

Net current assets
  
 
 
2,285,014
 
 
2,421,855

Total assets less current liabilities
  
2,287,744
2,425,065

Provisions for liabilities
  

Deferred tax
 8 
(400)
(400)

  
 
 
(400)
 
 
(400)

Net assets
  
2,287,344
2,424,665


Capital and reserves
  

Called up share capital 
  
81,101
81,101

Profit and loss account
  
2,206,243
2,343,564

  
2,287,344
2,424,665


Page 1

 
KEITH BAILEY & CO.(TRAVEL)LIMITED
REGISTERED NUMBER: 00893778
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers 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 director acknowledges his 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 15 November 2024.




P Bailey
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
KEITH BAILEY & CO.(TRAVEL)LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Keith Bailey and Co.(Travel) Limited is a limited company incorporated in England, registered number 00893778. The registered office is situated at The Old Tannery, Hensington Road, Woodstock, Oxfordshire, OX20 1JL.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
KEITH BAILEY & CO.(TRAVEL)LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year 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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.5

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

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
KEITH BAILEY & CO.(TRAVEL)LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the director or by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 5

 
KEITH BAILEY & CO.(TRAVEL)LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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


4.


TANGIBLE FIXED ASSETS





Other fixed assets

£



Cost or valuation


At 1 October 2023
67,630



At 30 September 2024

67,630



Depreciation


At 1 October 2023
64,420


Charge for the year on owned assets
480



At 30 September 2024

64,900



Net book value



At 30 September 2024
2,730



At 30 September 2023
3,210

Page 6

 
KEITH BAILEY & CO.(TRAVEL)LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
77

Other debtors
15,000
2,820,748

15,000
2,820,825



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,284,957
115,448

2,284,957
115,448



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
484,216

Other taxation and social security
1,220
16,479

Other creditors
9,723
9,723

Accruals and deferred income
4,000
4,000

14,943
514,418



8.


Deferred taxation




2024
2023


£

£






At beginning of year
(400)
(277,200)


Charged to profit or loss
-
276,800



At end of year
(400)
(400)

Page 7

 
KEITH BAILEY & CO.(TRAVEL)LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
 
8.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(400)
(400)

(400)
(400)


9.


Pension commitments

The Company operates a defined contributions pension scheme and contributes to a workplace scheme.. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company and amounted to £1,821 (2023 - £1,743). Contributions totalling £Nil (2023 - £Nil) were payable at the balance sheet date and are included in creditors.


10.


Controlling party

The company is controlled by Mr P Bailey.

 
Page 8