Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31false2024-01-01business services55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04283077 2024-01-01 2024-12-31 04283077 c:EntitiesControlledByKeyManagementPersonnel 2024-01-01 2024-12-31 04283077 c:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-01-01 2024-12-31 04283077 c:KeyManagementIndividualGroup5 2024-01-01 2024-12-31 04283077 c:KeyManagementIndividualGroup4 2024-01-01 2024-12-31 04283077 c:KeyManagementIndividualGroup3 2024-01-01 2024-12-31 04283077 c:KeyManagementIndividualGroup2 2024-01-01 2024-12-31 04283077 2023-01-01 2023-12-31 04283077 2024-12-31 04283077 c:EntitiesControlledByKeyManagementPersonnel 2024-12-31 04283077 c:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-12-31 04283077 c:KeyManagementIndividualGroup5 2024-12-31 04283077 c:KeyManagementIndividualGroup4 2024-12-31 04283077 c:KeyManagementIndividualGroup3 2024-12-31 04283077 c:KeyManagementIndividualGroup2 2024-12-31 04283077 2023-12-31 04283077 c:EntitiesControlledByKeyManagementPersonnel 2023-12-31 04283077 c:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-31 04283077 c:KeyManagementIndividualGroup5 2023-12-31 04283077 c:KeyManagementIndividualGroup4 2023-12-31 04283077 c:KeyManagementIndividualGroup3 2023-12-31 04283077 c:KeyManagementIndividualGroup2 2023-12-31 04283077 1 2024-01-01 2024-12-31 04283077 d:CompanySecretary1 2024-01-01 2024-12-31 04283077 d:Director1 2024-01-01 2024-12-31 04283077 d:Director2 2024-01-01 2024-12-31 04283077 d:Director3 2024-01-01 2024-12-31 04283077 d:Director4 2024-01-01 2024-12-31 04283077 d:RegisteredOffice 2024-01-01 2024-12-31 04283077 c:Buildings c:LongLeaseholdAssets 2024-01-01 2024-12-31 04283077 c:Buildings c:LongLeaseholdAssets 2024-12-31 04283077 c:Buildings c:LongLeaseholdAssets 2023-12-31 04283077 c:FurnitureFittings 2024-01-01 2024-12-31 04283077 c:FurnitureFittings 2024-12-31 04283077 c:FurnitureFittings 2023-12-31 04283077 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04283077 c:ComputerEquipment 2024-01-01 2024-12-31 04283077 c:ComputerEquipment 2024-12-31 04283077 c:ComputerEquipment 2023-12-31 04283077 c:ComputerEquipment c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04283077 c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04283077 c:CurrentFinancialInstruments 2024-12-31 04283077 c:CurrentFinancialInstruments 2023-12-31 04283077 c:Non-currentFinancialInstruments 2024-12-31 04283077 c:Non-currentFinancialInstruments 2023-12-31 04283077 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 04283077 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 04283077 c:Non-currentFinancialInstruments c:AfterOneYear 2024-12-31 04283077 c:Non-currentFinancialInstruments c:AfterOneYear 2023-12-31 04283077 c:ShareCapital 2024-12-31 04283077 c:ShareCapital 2023-12-31 04283077 c:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 04283077 c:RetainedEarningsAccumulatedLosses 2024-12-31 04283077 c:RetainedEarningsAccumulatedLosses 2023-12-31 04283077 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-12-31 04283077 c:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 04283077 c:AcceleratedTaxDepreciationDeferredTax 2024-12-31 04283077 c:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04283077 c:TaxLossesCarry-forwardsDeferredTax 2024-12-31 04283077 c:TaxLossesCarry-forwardsDeferredTax 2023-12-31 04283077 d:OrdinaryShareClass1 2024-01-01 2024-12-31 04283077 d:OrdinaryShareClass1 2024-12-31 04283077 d:OrdinaryShareClass1 2023-12-31 04283077 d:FRS102 2024-01-01 2024-12-31 04283077 d:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04283077 d:FullAccounts 2024-01-01 2024-12-31 04283077 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04283077 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 04283077


AMSALEM BUSINESS TRAVEL (UK) LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024

 
AMSALEM BUSINESS TRAVEL (UK) LTD
 
 
COMPANY INFORMATION


Directors
Y Amsalem 
C Goldberger 
A Meisels 
E Amsalem 




Company secretary
A Meisels



Registered number
04283077



Registered office
8th Floor Becket House
36 Old Jewry

EC2R 8DD




Accountants
Xeinadin London Limited
Accountants

8th Floor

Becket House

36 Old Jewry

London

EC2R 8DD





 
AMSALEM BUSINESS TRAVEL (UK) LTD
 
 
  
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AMSALEM BUSINESS TRAVEL (UK) LTD
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Amsalem Business Travel (UK) Limited for the year ended 31 December 2024 which comprise the Statement of comprehensive income, the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given us.
This report is made solely to the Directors of Amsalem Business Travel (UK) Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Amsalem Business Travel (UK) Limited and state those matters that we have agreed to state to the Directors of Amsalem Business Travel (UK) Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Amsalem Business Travel (UK) Limited and its Directors for our work or for this report.
It is your duty to ensure that Amsalem Business Travel (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position, and profit of Amsalem Business Travel (UK) Limited. You consider that Amsalem Business Travel (UK) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of Amsalem Business Travel (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



  



Xeinadin London Limited
Accountants
8th Floor
Becket House
36 Old Jewry
London
EC2R 8DD
25 June 2025
Page 1

 
AMSALEM BUSINESS TRAVEL (UK) LTD
REGISTERED NUMBER:04283077

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
650,698
655,494

  
650,698
655,494

Current assets
  

Debtors: amounts falling due within one year
 5 
619,367
513,752

Bank and cash balances
  
121,982
227,197

  
741,349
740,949

Creditors: amounts falling due within one year
 6 
(444,067)
(446,572)

Net current assets
  
 
 
297,282
 
 
294,377

Total assets less current liabilities
  
947,980
949,871

Creditors: amounts falling due after more than one year
 7 
(904,721)
(859,320)

  

Net assets
  
43,259
90,551


Capital and reserves
  

Called up share capital 
 10 
41,000
41,000

Profit and loss account
 11 
2,259
49,551

  
43,259
90,551


Page 2

 
AMSALEM BUSINESS TRAVEL (UK) LTD
REGISTERED NUMBER:04283077
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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: 


Y Amsalem
E Amsalem
Director
Director


Date: 25 June 2025

The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
AMSALEM BUSINESS TRAVEL (UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Amsalem Business Travel (UK) Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is given in the company information of these financial statements. 
The nature of the company's operations and principal activities are that of a travel management company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

  
2.2

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.
Revenue represents the aggregate amount of net commission and transaction fees earned for the arrangement of travel services.

 
2.3

Going concern

Amsalem Tours and Travel Israel, a company incorporated in Israel and in common control, has indicated its willingness and intention to continue to provide ongoing support to the Company.
On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Page 4

 
AMSALEM BUSINESS TRAVEL (UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

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 resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

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

 
2.5

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 January 2023 to continue to be charged over the period to the first market rent review rather than the term of the lease.

 
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.

Page 5

 
AMSALEM BUSINESS TRAVEL (UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
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.


 
2.10

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 6

 
AMSALEM BUSINESS TRAVEL (UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Computer equipment
-
20%

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.

 
2.11

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.

  
2.14

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.

Page 7

 
AMSALEM BUSINESS TRAVEL (UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.15

  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.
Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found, an
impairment loss is recognised in the Statement of comprehensive income.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


4.


Tangible fixed assets





Long-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
640,178
11,638
34,414
686,230



At 31 December 2024

640,178
11,638
34,414
686,230



Depreciation


At 1 January 2024
-
2,868
27,868
30,736


Charge for the year on owned assets
-
2,879
1,917
4,796



At 31 December 2024

-
5,747
29,785
35,532



Net book value



At 31 December 2024
640,178
5,891
4,629
650,698



At 31 December 2023
640,178
8,770
6,546
655,494

Page 8

 
AMSALEM BUSINESS TRAVEL (UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
251,701
256,563

Other debtors
350,519
241,667

Deferred taxation
17,147
15,522

619,367
513,752



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
36,740
34,593

Trade creditors
16,684
40,987

Other taxation and social security
1,321
-

Other creditors
389,322
367,198

Accruals and deferred income
-
3,794

444,067
446,572


At the year end the company had an outstanding BSP liability of £11,592 (2023: £38,238).


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
313,721
339,320

Other loans
91,000
20,000

Other creditors
500,000
500,000

904,721
859,320


Lloyds Bank PLC has fixed and floating charges covering all the property or undertaking of the company, containing a negative pledge.

Page 9

 
AMSALEM BUSINESS TRAVEL (UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
121,982
227,197




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.


9.


Deferred taxation




2024


£






At beginning of year
15,522


Charged to profit or loss
1,625



At end of year
17,147

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
1,625
(3,829)

Tax losses carried forward
15,522
19,351

17,147
15,522

Page 10

 
AMSALEM BUSINESS TRAVEL (UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



41,000 (2023 - 41,000) Ordinary shares of £1.00 each
41,000
41,000



11.


Reserves

Profit and loss account

Profit and loss includes all current and prior year retained profits.


12.


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 £12,430 (2023: £7,982).


13.


Related party transactions

At the year end, the company had a balance receivable of £8,301 (2023: £2,504) to Amsalem UK, a company incorporated in the United Kingdom and under common control.
At the year end, the company had a balance payable of £821,197 (2023: £726,051) to Amsalem Tours and Travel Israel, a company incorporated in Israel and under common control.
At the year end, the company had a balance receivable of £36,707 (2023: £28,979) to Amsalem USA, a company incorporated in the United States and under common control.
At the year end, the company had a balance receivable of £5,231 (2023: £5,321) from Amsalem Mexico, a company incorporated in Mexico and under common control.
At the year end, the company had a balance receivable of £18,828 (2023: £18,828) from Amsalem Turkey, a company incorporated in Turkey and under common control.
At the year end, the company had a balance receivable of £237,257 (2023: £143,410) from Amsalem Hong Kong, a company incorporated in Hong Kong and under common control.
At the year end, the company had a balance payable of £128,221 (2023: £128,221) to Amsalem India, a company incorporated in India and under common control.

Page 11

 
AMSALEM BUSINESS TRAVEL (UK) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

14.


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 Company.


15.


Controlling party

The controlling party is the Amsalem family by virtue of their shareholding in the company.

 
Page 12