Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30272023-07-01falseSports and recreation education28falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04348126 2023-07-01 2024-06-30 04348126 2022-07-01 2023-06-30 04348126 2024-06-30 04348126 2023-06-30 04348126 1 2023-07-01 2024-06-30 04348126 d:Director1 2023-07-01 2024-06-30 04348126 c:Buildings 2023-07-01 2024-06-30 04348126 c:Buildings 2024-06-30 04348126 c:Buildings 2023-06-30 04348126 c:Buildings c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04348126 c:MotorVehicles 2023-07-01 2024-06-30 04348126 c:MotorVehicles 2024-06-30 04348126 c:MotorVehicles 2023-06-30 04348126 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04348126 c:FurnitureFittings 2023-07-01 2024-06-30 04348126 c:FurnitureFittings 2024-06-30 04348126 c:FurnitureFittings 2023-06-30 04348126 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04348126 c:ComputerEquipment 2023-07-01 2024-06-30 04348126 c:ComputerEquipment 2024-06-30 04348126 c:ComputerEquipment 2023-06-30 04348126 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04348126 c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04348126 c:CurrentFinancialInstruments 2024-06-30 04348126 c:CurrentFinancialInstruments 2023-06-30 04348126 c:CurrentFinancialInstruments c:WithinOneYear 2024-06-30 04348126 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 04348126 c:ShareCapital 2024-06-30 04348126 c:ShareCapital 2023-06-30 04348126 c:CapitalRedemptionReserve 2024-06-30 04348126 c:CapitalRedemptionReserve 2023-06-30 04348126 c:RetainedEarningsAccumulatedLosses 2024-06-30 04348126 c:RetainedEarningsAccumulatedLosses 2023-06-30 04348126 d:FRS102 2023-07-01 2024-06-30 04348126 d:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04348126 d:FullAccounts 2023-07-01 2024-06-30 04348126 d:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04348126 2 2023-07-01 2024-06-30 04348126 6 2023-07-01 2024-06-30 04348126 7 2023-07-01 2024-06-30 04348126 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 04348126


NONSTOP ADVENTURE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2024

 
NONSTOP ADVENTURE LIMITED
REGISTERED NUMBER: 04348126

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
855,543
782,176

Investments
 6 
2
2

  
855,545
782,178

Current assets
  

Stocks
  
1,990
4,055

Debtors: amounts falling due within one year
 7 
130,142
90,985

Cash at bank and in hand
 8 
1,388,504
1,163,767

  
1,520,636
1,258,807

Creditors: amounts falling due within one year
 9 
(367,628)
(379,562)

Net current assets
  
 
 
1,153,008
 
 
879,245

Total assets less current liabilities
  
2,008,553
1,661,423

Provisions for liabilities
  

Deferred tax
  
(56,117)
(6,745)

  
 
 
(56,117)
 
 
(6,745)

Net assets
  
1,952,436
1,654,678


Capital and reserves
  

Called up share capital 
  
34,653
34,653

Capital redemption reserve
  
9,450
9,450

Profit and loss account
  
1,908,333
1,610,575

  
1,952,436
1,654,678


Page 1

 
NONSTOP ADVENTURE LIMITED
REGISTERED NUMBER: 04348126
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 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 profit and loss account 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 13 December 2024.




R J E Taylor
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
NONSTOP ADVENTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Nonstop Adventure Limited is a private company limited by shares which is incorporated in England and Wales, United Kingdom. The address of the registered office is given in the company information page of these financial statements.
The nature of the company's operations and principal activities is the sale of sports and recreation education.

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 financial statements contain information about Nonstop Adventure Limited as an individual company and do not contain consolidated financial information as the parent of the group. 
The Company and the Group headed by it, qualify as small as set out in section 383 of Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

The following principal accounting policies have been applied:

 
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 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. Turnover comprises amounts receivable for the provision of courses delivered in the year, hospitality and travel facilities net of VAT.

 
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.

Page 3

 
NONSTOP ADVENTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Interest income

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

 
2.6

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.

 
2.7

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.

 
2.8

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.

Page 4

 
NONSTOP ADVENTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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:

Freehold property
-
4%
Motor vehicles
-
30%
Fixtures and fittings
-
20%
- 50%
Computer equipment
-
35%
- 55%

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.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 5

 
NONSTOP ADVENTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.14

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the reporting date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the reporting date.

 
2.15

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.

 
2.16

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.

 
2.17

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.


Other operating income

2024
2023
£
£

Other operating income
13,328
32,727

13,328
32,727



4.


Employees

The average monthly number of employees, including directors, during the year was 28 (2023 - 27).

Page 6

 
NONSTOP ADVENTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
1,059,688
48,174
404,835
69,533
1,582,230


Additions
-
48,795
58,085
23,013
129,893


Disposals
-
(8,675)
(24,524)
(2,842)
(36,041)



At 30 June 2024

1,059,688
88,294
438,396
89,704
1,676,082



Depreciation


At 1 July 2023
391,399
42,187
333,034
33,434
800,054


Charge for the year on owned assets
20,748
9,073
21,948
2,220
53,989


Disposals
-
(8,012)
(22,741)
(2,751)
(33,504)



At 30 June 2024

412,147
43,248
332,241
32,903
820,539



Net book value



At 30 June 2024
647,541
45,046
106,155
56,801
855,543



At 30 June 2023
668,289
5,987
71,801
36,099
782,176


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
2



At 30 June 2024
2




The company owns 100% of the issued share capital of Nonstop Ski Limited, a company which was dormant in the year.

Page 7

 
NONSTOP ADVENTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Debtors

2024
2023
£
£


Other debtors
81,938
59,091

Prepayments and accrued income
48,204
31,894

130,142
90,985



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,388,504
1,163,767

1,388,504
1,163,767



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
33,324
2,371

Corporation tax
68,148
104,131

Other taxation and social security
2,165
2,657

Other creditors
54,262
45,208

Accruals and deferred income
209,729
225,195

367,628
379,562



10.


Contingent liabilities

The company provided a bond to the Association of Bonded Travel Organisers Trust Limited, to the sum of £1,011,605 (2023: £nil).


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held seprately from those of the Company in an independently administered fund. The pensions cost charge represents payable by the Company to the fund and amounted to £188,747 (2023 - £16,745). Contributions totalling £2,459 (2023 - £4,156) were payable to the fund at the reporting date.

Page 8

 
NONSTOP ADVENTURE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

12.


Post balance sheet events

The directors have 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 Group.


13.


Controlling party

The ultimate controlling party of the company is R J Taylor, the director of the company, by virtue of his shareholding.

 
Page 9