REGISTERED NUMBER: |
Financial Statements for the Period 4 May 2023 to 31 October 2024 |
for |
Journey Alerts Limited |
Previously known as |
Zipabout Local Limited |
REGISTERED NUMBER: |
Financial Statements for the Period 4 May 2023 to 31 October 2024 |
for |
Journey Alerts Limited |
Previously known as |
Zipabout Local Limited |
Journey Alerts Limited (Registered number: 14845426) |
Contents of the Financial Statements |
for the Period 4 May 2023 to 31 October 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Journey Alerts Limited |
Company Information |
for the Period 4 May 2023 to 31 October 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Suite 540, 5th Floor, |
Linen Hall |
162- 168 Regent Street |
London |
W1B 5TF |
Journey Alerts Limited (Registered number: 14845426) |
Balance Sheet |
31 October 2024 |
Notes | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Share premium |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
Journey Alerts Limited (Registered number: 14845426) |
Balance Sheet - continued |
31 October 2024 |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Journey Alerts Limited (Registered number: 14845426) |
Notes to the Financial Statements |
for the Period 4 May 2023 to 31 October 2024 |
1. | STATUTORY INFORMATION |
Journey Alerts Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
The company passed a special resolution on 31 December 2024 changing its name from Zipabout Local Limited to Journey Alerts Limited. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Rendering of services - Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all the following conditions are satisfied: |
- the amount of revenue can be measured reliably; |
- it is probable that the company will receive the consideration due under the contract; |
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and |
- the costs incurred and the costs to complete the contract can be measured reliably. |
Intangible assets |
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less 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. |
Tangible fixed assets |
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Computer equipment - 2 and 3 years straight line. |
Journey Alerts Limited (Registered number: 14845426) |
Notes to the Financial Statements - continued |
for the Period 4 May 2023 to 31 October 2024 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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 period 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. |
Research and development |
In the research phase of an internal project, it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if, and only if, certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, being a maximum of ten years. |
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the 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. |
Operating leases |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pensions |
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. |
Journey Alerts Limited (Registered number: 14845426) |
Notes to the Financial Statements - continued |
for the Period 4 May 2023 to 31 October 2024 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
The Directors confirm that they are satisfied that the company has adequate resources to continue trading for the foreseeable future for a period of at least 12 months from the date of approval of this report. On this basis, the Directors adopt the going concern basis in preparing the accounts. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
Goodwill | assets | Totals |
£ | £ | £ |
COST |
Additions |
At 31 October 2024 |
NET BOOK VALUE |
At 31 October 2024 |
5. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
Additions |
At 31 October 2024 |
DEPRECIATION |
Charge for period |
At 31 October 2024 |
NET BOOK VALUE |
At 31 October 2024 |
Journey Alerts Limited (Registered number: 14845426) |
Notes to the Financial Statements - continued |
for the Period 4 May 2023 to 31 October 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | 0.01 | 5 |
On 4 May 2023, the company was incorporated with 2 ordinary shares of £1.00 each for £2.00. |
On 30 June 2023, the company issued 2 ordinary shares of £1.00 each for £250,000. |
On 3 April 2024, 4 ordinary shares of £1.00 each were sub-divided into 400 ordinary shares of £0.01 each. |
On 3 April 2024, the company issued 64 ordinary shares of £0.01 each for £100,000. |