Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-3182023-11-01falsetour operator7falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03650966 2023-11-01 2024-10-31 03650966 2022-11-01 2023-10-31 03650966 2024-10-31 03650966 2023-10-31 03650966 1 2023-11-01 2024-10-31 03650966 d:CompanySecretary1 2023-11-01 2024-10-31 03650966 d:Director1 2023-11-01 2024-10-31 03650966 d:Director2 2023-11-01 2024-10-31 03650966 d:RegisteredOffice 2023-11-01 2024-10-31 03650966 c:MotorVehicles 2023-11-01 2024-10-31 03650966 c:MotorVehicles 2024-10-31 03650966 c:MotorVehicles 2023-10-31 03650966 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03650966 c:FurnitureFittings 2023-11-01 2024-10-31 03650966 c:FurnitureFittings 2024-10-31 03650966 c:FurnitureFittings 2023-10-31 03650966 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03650966 c:OfficeEquipment 2023-11-01 2024-10-31 03650966 c:OfficeEquipment 2024-10-31 03650966 c:OfficeEquipment 2023-10-31 03650966 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03650966 c:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03650966 c:Goodwill 2023-11-01 2024-10-31 03650966 c:Goodwill 2024-10-31 03650966 c:Goodwill 2023-10-31 03650966 c:ComputerSoftware 2024-10-31 03650966 c:ComputerSoftware 2023-10-31 03650966 c:CurrentFinancialInstruments 2024-10-31 03650966 c:CurrentFinancialInstruments 2023-10-31 03650966 c:Non-currentFinancialInstruments 2024-10-31 03650966 c:Non-currentFinancialInstruments 2023-10-31 03650966 c:CurrentFinancialInstruments c:WithinOneYear 2024-10-31 03650966 c:CurrentFinancialInstruments c:WithinOneYear 2023-10-31 03650966 c:Non-currentFinancialInstruments c:AfterOneYear 2024-10-31 03650966 c:Non-currentFinancialInstruments c:AfterOneYear 2023-10-31 03650966 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2024-10-31 03650966 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-10-31 03650966 c:ShareCapital 2024-10-31 03650966 c:ShareCapital 2023-10-31 03650966 c:RetainedEarningsAccumulatedLosses 2024-10-31 03650966 c:RetainedEarningsAccumulatedLosses 2023-10-31 03650966 d:FRS102 2023-11-01 2024-10-31 03650966 d:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03650966 d:FullAccounts 2023-11-01 2024-10-31 03650966 d:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03650966 c:ComputerSoftware c:InternallyGeneratedIntangibleAssets 2023-11-01 2024-10-31 03650966 2 2023-11-01 2024-10-31 03650966 c:InternallyGeneratedIntangibleAssets 2023-11-01 2024-10-31 03650966 c:AcceleratedTaxDepreciationDeferredTax 2024-10-31 03650966 c:AcceleratedTaxDepreciationDeferredTax 2023-10-31 03650966 c:TaxLossesCarry-forwardsDeferredTax 2024-10-31 03650966 c:TaxLossesCarry-forwardsDeferredTax 2023-10-31 03650966 c:Goodwill c:OwnedIntangibleAssets 2023-11-01 2024-10-31 03650966 c:ComputerSoftware c:OwnedIntangibleAssets 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Registered number: 03650966


TRAVELBEAM LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
TRAVELBEAM LIMITED
 
 
COMPANY INFORMATION


Directors
D A C Barker 
M D Barker 




Company secretary
M D Barker



Registered number
03650966



Registered office
Crown House
Manchester Road

Wilmslow

Cheshire

SK9 1BH




Accountants
Xeinadin London Limited
Accountants

8th Floor

Becket House

36 Old Jewry

London

EC2R 8DD





 
TRAVELBEAM LIMITED
 

CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 11


 
TRAVELBEAM LIMITED
REGISTERED NUMBER: 03650966

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 5 
149,602
185,450

Tangible assets
 6 
61,382
85,540

  
210,984
270,990

Current assets
  

Debtors: amounts falling due within one year
 7 
248,852
114,382

Cash at bank and in hand
  
586,320
561,678

  
835,172
676,060

Creditors: amounts falling due within one year
 9 
(617,060)
(469,867)

Net current assets
  
 
 
218,112
 
 
206,193

Total assets less current liabilities
  
429,096
477,183

Creditors: amounts falling due after more than one year
 10 
(33,333)
(83,333)

  

Net assets
  
395,763
393,850


Capital and reserves
  

Called up share capital 
  
30,000
30,000

Profit and loss account
  
365,763
363,850

  
395,763
393,850


Page 1

 
TRAVELBEAM LIMITED
REGISTERED NUMBER: 03650966
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider 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 directors acknowledge their 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 by: 




D A C Barker
Director

Date: 23 December 2024

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
TRAVELBEAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Travelbeam Limited is a private limited company incorporated in England and Wales under the Companies Act 2006. The address of the registered office is Crown Hous, Manchester Road, Wilmslow, Cheshire, England, SK9 1BH.
The principal activity of the Company is that of a tour operator.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

  
2.3

Revenue

Revenue represents amounts receivable from the sale of tours and other services supplied to customers net of TOMS VAT and aising primarily in the UK. Revenue relating to tours are taken to profit and loss accounts on a departure date basis. The related costs of distribution and of providing the holidays and flights are charged to the profit and loss account on the same basis. 

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

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

Page 3

 
TRAVELBEAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

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 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 4

 
TRAVELBEAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.10

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.11

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:

Motor vehicles
-
25%
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.

  
2.12

Advanced payments and receipts

All revenue received relating to bookings that depart after the balance sheet date is treated as advance receipts and is separately disclosed under accruals and deferred income. Payments made to suppliers relating to bookings that depart after the balance sheet date are treated as advance payments and are separately disclosed under prepayments and accrued income.

Page 5

 
TRAVELBEAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.13

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.

  
2.14

Cash and cash equivalents

Cash is represented by cash in hand, monies held in Trust 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.

 
2.15

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.

 
2.16

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.17

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.18

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.

Page 6

 
TRAVELBEAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, the directors are required to make judgments,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. These estimates and associated assumptions are based on historical
experience and other factors that are recognised to be relevant. Actual results may differ from these
estimates. These estimates include depreciation of tangible fixed assets, and amortisation of intangible
fixed assets.


4.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 7).


5.


Intangible assets




Computer software
Goodwill
Total

£
£
£



Cost


At 1 November 2023
39,862
350,000
389,862


Additions
2,500
-
2,500



At 31 October 2024

42,362
350,000
392,362



Amortisation


At 1 November 2023
28,412
176,000
204,412


Charge for the year on owned assets
3,348
35,000
38,348



At 31 October 2024

31,760
211,000
242,760



Net book value



At 31 October 2024
10,602
139,000
149,602



At 31 October 2023
11,450
174,000
185,450



Page 7

 
TRAVELBEAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2023
71,166
292
49,361
120,819


Additions
-
-
279
279



At 31 October 2024

71,166
292
49,640
121,098



Depreciation


At 1 November 2023
2,965
146
32,168
35,279


Charge for the year on owned assets
17,050
73
7,314
24,437



At 31 October 2024

20,015
219
39,482
59,716



Net book value



At 31 October 2024
51,151
73
10,158
61,382



At 31 October 2023
68,201
146
17,193
85,540


7.


Debtors

2024
2023
£
£


Trade debtors
24,129
32,049

Other debtors
4,068
3,402

Prepayments and accrued income
189,075
47,351

Deferred taxation
31,580
31,580

248,852
114,382


Prepayments and accrued income includes advanced payments to suppliers for departures after the balance sheet date amounting to £181,302 (2023: £41,547).

Page 8

 
TRAVELBEAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
586,320
561,678

586,320
561,678


Cash and cash equivalents comprise amounts held in Trust totalling £399,955 (2023: £373,953). Amounts held in Trust are segregated monies received and held in a separate independently administered Trust account. These amounts are held as a financial guarantee for the company’s travel licenses and for the protection of monies collected from passengers.


9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
50,000
50,000

Trade creditors
4,103
4,103

Corporation tax
39,110
36,693

Other taxation and social security
1,170
-

Other creditors
8,201
10,782

Accruals and deferred income
514,476
368,289

617,060
469,867


Accruals and deferred income includes advanced receipts from customers for departures after the balance sheet date amounting to £508,701 (2023: £362,789).


10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
33,333
83,333

33,333
83,333


On 1st June 2020 the company drew down a Coronavirus Business Interruption Loan amounting to £250,000. The loan has a 6 year term with no repayment of capital and interest in the first 12 months. The loan is secured by way of debenture comprising fixed and floating charges over all the assets of the company.

Page 9

 
TRAVELBEAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
50,000
50,000


50,000
50,000

Amounts falling due 1-2 years

Bank loans
33,333
83,333


33,333
83,333



83,333
133,333



12.


Deferred taxation




2024


£






At beginning of year
31,580



At end of year
31,580

The deferred tax asset is made up as follows:

2024
2023
£
£


Fixed asset timing difference
31,524
31,524

Short term timing difference
56
56

31,580
31,580

Page 10

 
TRAVELBEAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

13.


Regulatory requirements and contingent liabilities

The Company currently holds an Air Travel Organisers' License (ATOL) issued by the Civil Aviation Authority (CAA). In order to offer air inclusive package holidays, the company requires the annual renewal by the CAA of its ATOL licence. The CAA grants this license on the basis of meeting agreed financial criteria and renews this in March (effective 1st April) each year. The company has complied with these requirements in previous years. The directors see no reason why the ATOL license will not be renewed in March 2024 on substantially the same terms and conditions as currently agreed with the CAA.
There are no other material contingent liabilities.


14.


Pension commitments

The Company operates a defined contributions pension 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  to the fund and amounted to £3,696 (2023: £4,296). Contributions totalling £334 (2023: £337) were payable to the fund at the reporting date and are included in creditors.


15.


Post balance sheet events

The director has concluded that no other material events have occurred since the date of approval of these financial statements that would affect the financial statements of the Company.


16.


Controlling party

D A C Barker is the ultimate controlling party, by virtue of his majority shareholding in the Company.

 
Page 11