Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-3162024-01-01falseNo description of principal activity6truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05324268 2024-01-01 2024-12-31 05324268 2023-01-01 2023-12-31 05324268 2024-12-31 05324268 2023-12-31 05324268 c:Director1 2024-01-01 2024-12-31 05324268 c:RegisteredOffice 2024-01-01 2024-12-31 05324268 c:Agent1 2024-01-01 2024-12-31 05324268 d:FurnitureFittings 2024-01-01 2024-12-31 05324268 d:FurnitureFittings 2024-12-31 05324268 d:FurnitureFittings 2023-12-31 05324268 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05324268 d:ComputerEquipment 2024-01-01 2024-12-31 05324268 d:ComputerEquipment 2024-12-31 05324268 d:ComputerEquipment 2023-12-31 05324268 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05324268 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05324268 d:CurrentFinancialInstruments 2024-12-31 05324268 d:CurrentFinancialInstruments 2023-12-31 05324268 d:Non-currentFinancialInstruments 2024-12-31 05324268 d:Non-currentFinancialInstruments 2023-12-31 05324268 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05324268 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05324268 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 05324268 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05324268 d:ShareCapital 2024-12-31 05324268 d:ShareCapital 2023-12-31 05324268 d:SharePremium 2024-12-31 05324268 d:SharePremium 2023-12-31 05324268 d:RetainedEarningsAccumulatedLosses 2024-12-31 05324268 d:RetainedEarningsAccumulatedLosses 2023-12-31 05324268 c:FRS102 2024-01-01 2024-12-31 05324268 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05324268 c:FullAccounts 2024-01-01 2024-12-31 05324268 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05324268 2 2024-01-01 2024-12-31 05324268 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 05324268







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


THE DIFFERENT TRAVEL COMPANY LIMITED






































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THE DIFFERENT TRAVEL COMPANY LIMITED
 


 
COMPANY INFORMATION


Director
S J Burgess 




Registered number
05324268



Registered office
4 Downs Park Crescent
Totton

Southampton

Hampshire

SO40 9GH




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX




Bankers
Barclays Bank PLC
Corporate Banking Centre

PO Box 612

Ocean Way

Southampton

SO14 2SB





 


THE DIFFERENT TRAVEL COMPANY LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


THE DIFFERENT TRAVEL COMPANY LIMITED
REGISTERED NUMBER:05324268



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
884
1,178

  
884
1,178

Current assets
  

Debtors: amounts falling due within one year
 5 
85,781
78,325

Cash at bank and in hand
  
437,591
305,741

  
523,372
384,066

Creditors: amounts falling due within one year
 6 
(378,587)
(316,237)

Net current assets
  
 
 
144,785
 
 
67,829

Total assets less current liabilities
  
145,669
69,007

Creditors: amounts falling due after more than one year
 7 
(66,357)
(96,169)

  

Net assets/(liabilities)
  
79,312
(27,162)

Page 1

 


THE DIFFERENT TRAVEL COMPANY LIMITED
REGISTERED NUMBER:05324268


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
270
270

Share premium account
  
174,825
174,825

Profit and loss account
  
(95,783)
(202,257)

  
79,312
(27,162)


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 her 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 income and retained earnings 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: 




S J Burgess
Director

Date: 13 March 2025

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

Page 2

 


THE DIFFERENT TRAVEL COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

The Different Travel Company Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

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

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

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 of 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.

Page 3

 


THE DIFFERENT TRAVEL COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Interest income

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

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

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.

 
2.8

Taxation

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.

 
2.9

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

 


THE DIFFERENT TRAVEL COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.9
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:

Fixtures and fittings
-
25%
Reducing Balance
Computer 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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial
Page 5

 


THE DIFFERENT TRAVEL COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)

instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 6

 


THE DIFFERENT TRAVEL COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
8,832
2,016
10,848



At 31 December 2024

8,832
2,016
10,848



Depreciation


At 1 January 2024
8,788
882
9,670


Charge for the year on owned assets
11
283
294



At 31 December 2024

8,799
1,165
9,964



Net book value



At 31 December 2024
33
851
884



At 31 December 2023
44
1,134
1,178

Page 7

 


THE DIFFERENT TRAVEL COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Other debtors
2,861
3,351

Prepayments and accrued income
82,920
74,974

85,781
78,325



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,272
9,768

Corporation tax
16,533
-

Other taxation and social security
3,609
3,104

Other creditors
2,617
1,458

Accruals and deferred income
345,556
301,907

378,587
316,237



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
16,133
25,945

Other creditors
50,224
70,224

66,357
96,169


 
Page 8