Acorah Software Products - Accounts Production 16.1.300 false true 29 September 2023 30 September 2022 false 30 September 2023 29 September 2024 29 September 2024 07961162 Miss Amanda Turner Mr Peter Warsop Mr Thomas Warsop Miss Gemma Heath Travel and Entertainment Group Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07961162 2023-09-29 07961162 2024-09-29 07961162 2023-09-30 2024-09-29 07961162 frs-core:CurrentFinancialInstruments 2024-09-29 07961162 frs-core:ComputerEquipment 2024-09-29 07961162 frs-core:ComputerEquipment 2023-09-30 2024-09-29 07961162 frs-core:ComputerEquipment 2023-09-29 07961162 frs-core:FurnitureFittings 2024-09-29 07961162 frs-core:FurnitureFittings 2023-09-30 2024-09-29 07961162 frs-core:FurnitureFittings 2023-09-29 07961162 frs-core:PlantMachinery 2024-09-29 07961162 frs-core:PlantMachinery 2023-09-30 2024-09-29 07961162 frs-core:PlantMachinery 2023-09-29 07961162 frs-core:WithinOneYear 2024-09-29 07961162 frs-core:ShareCapital 2024-09-29 07961162 frs-core:RetainedEarningsAccumulatedLosses 2024-09-29 07961162 frs-bus:PrivateLimitedCompanyLtd 2023-09-30 2024-09-29 07961162 frs-bus:FilletedAccounts 2023-09-30 2024-09-29 07961162 frs-bus:SmallEntities 2023-09-30 2024-09-29 07961162 frs-bus:AuditExempt-NoAccountantsReport 2023-09-30 2024-09-29 07961162 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-30 2024-09-29 07961162 1 2023-09-30 2024-09-29 07961162 frs-bus:Director1 2023-09-30 2024-09-29 07961162 frs-bus:Director2 2023-09-30 2024-09-29 07961162 frs-bus:Director3 2023-09-30 2024-09-29 07961162 frs-bus:Director4 2023-09-30 2024-09-29 07961162 frs-countries:EnglandWales 2023-09-30 2024-09-29 07961162 2022-09-29 07961162 2023-09-29 07961162 2022-09-30 2023-09-29 07961162 frs-core:CurrentFinancialInstruments 2023-09-29 07961162 frs-core:WithinOneYear 2023-09-29 07961162 frs-core:ShareCapital 2023-09-29 07961162 frs-core:RetainedEarningsAccumulatedLosses 2023-09-29
Registered number: 07961162
Thames Cruises London Limited
Unaudited Financial Statements
For The Year Ended 29 September 2024
Nigel Ricks & Company Ltd
Chartered Accountants
42 Glebe Street
Loughborough
Leicestershire
LE11 1JR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07961162
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,379 502
26,379 502
CURRENT ASSETS
Debtors 5 642,181 830,502
Cash at bank and in hand 69,573 108,806
711,754 939,308
Creditors: Amounts Falling Due Within One Year 6 (694,837 ) (863,808 )
NET CURRENT ASSETS (LIABILITIES) 16,917 75,500
TOTAL ASSETS LESS CURRENT LIABILITIES 43,296 76,002
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (95 ) (95 )
NET ASSETS 43,201 75,907
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 43,200 75,906
SHAREHOLDERS' FUNDS 43,201 75,907
Page 1
Page 2
For the year ending 29 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Thomas Warsop
Director
28th January 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Thames Cruises London Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07961162 . The registered office is 42 Glebe Street, Loughborough, Leicestershire, LE11 1JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% straight line basis
Fixtures & Fittings 25% straight line basis
Office Equipment 33% straight line basis
2.4. Leasing and Hire Purchase Contracts
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the
lease term.
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 5 5
5 5
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Office Equipment Total
£ £ £ £
Cost
As at 30 September 2023 - 53,396 2,221 55,617
Additions 30,417 - - 30,417
As at 29 September 2024 30,417 53,396 2,221 86,034
Depreciation
As at 30 September 2023 - 52,894 2,221 55,115
Provided during the period 4,540 - - 4,540
As at 29 September 2024 4,540 52,894 2,221 59,655
Net Book Value
As at 29 September 2024 25,877 502 - 26,379
As at 30 September 2023 - 502 - 502
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,178 85,163
Amounts owed by associates 624,003 260,935
Amounts owed by other participating interests - 484,404
642,181 830,502
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Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,679 (7,199 )
Trade creditors 106,836 21,419
Bank loans and overdrafts 100,001 165,882
Corporation tax (505 ) (505 )
VAT 35,445 27,246
Other creditors - 4,402
Accruals and deferred income 140,363 184,888
Amounts owed to group undertakings 297,018 100,000
Amounts owed to associates - 367,675
694,837 863,808
7. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 15,679 (7,199 )
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 95 95
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Ultimate Controlling Party
The company's ultimate controlling party is Travel and Entertainment Group Ltd by virtue of an ownership of 100% of the issued share capital in the company.
Page 5