Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-319The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.trueNo description of principal activity2024-04-01false9falsefalse 02773456 2024-04-01 2025-03-31 02773456 2023-04-01 2024-03-31 02773456 2025-03-31 02773456 2024-03-31 02773456 c:Director1 2024-04-01 2025-03-31 02773456 d:ComputerEquipment 2024-04-01 2025-03-31 02773456 d:ComputerEquipment 2025-03-31 02773456 d:ComputerEquipment 2024-03-31 02773456 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 02773456 d:CurrentFinancialInstruments 2025-03-31 02773456 d:CurrentFinancialInstruments 2024-03-31 02773456 d:Non-currentFinancialInstruments 2025-03-31 02773456 d:Non-currentFinancialInstruments 2024-03-31 02773456 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 02773456 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02773456 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 02773456 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02773456 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 02773456 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 02773456 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 02773456 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 02773456 d:ShareCapital 2025-03-31 02773456 d:ShareCapital 2024-03-31 02773456 d:RetainedEarningsAccumulatedLosses 2025-03-31 02773456 d:RetainedEarningsAccumulatedLosses 2024-03-31 02773456 c:OrdinaryShareClass1 2024-04-01 2025-03-31 02773456 c:OrdinaryShareClass1 2025-03-31 02773456 c:OrdinaryShareClass1 2024-03-31 02773456 c:FRS102 2024-04-01 2025-03-31 02773456 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02773456 c:FullAccounts 2024-04-01 2025-03-31 02773456 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02773456 2 2024-04-01 2025-03-31 02773456 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02773456









TRAVELCO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
TRAVELCO LIMITED
REGISTERED NUMBER: 02773456

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
4,296

  
-
4,296

Current assets
  

Debtors: amounts falling due within one year
 5 
1,442,947
1,279,388

Cash at bank and in hand
 6 
782,437
744,555

  
2,225,384
2,023,943

Creditors: amounts falling due within one year
 7 
(1,836,685)
(1,548,146)

Net current assets
  
 
 
388,699
 
 
475,797

Total assets less current liabilities
  
388,699
480,093

Creditors: amounts falling due after more than one year
 8 
(1,667)
(223,786)

  

Net assets
  
387,032
256,307


Capital and reserves
  

Called up share capital 
 10 
30,000
30,000

Profit and loss account
  
357,032
226,307

  
387,032
256,307


Page 1

 
TRAVELCO LIMITED
REGISTERED NUMBER: 02773456
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

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 on 31 July 2025.



N R Smithson
Director

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

Page 2

 
TRAVELCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Travelco Limited is a private company limited by shares, incorporated in England and Wales, registration number 02773456. The registered office is 2nd Floor, Nucleus House, 2 Lower Mortlake Road, Richmond, TW9 2JA.

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

Going concern

The directors continue to monitor and review the Company’s financial position, including its budgets and forecasts, to assess the potential financial impact of any slowdown in trading and its impact on the liquidity of the business. This on-going sensitivity analysis enables the directors to have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being at least the following 12 months from the signing of these financial statements.
As a result, and with the Company continuing to receive the full support of its shareholders, the directors believe that it is still appropriate to apply the going concern basis for the foreseeable future.

 
2.3

Revenue

Turnover is the amount derived from ordinary activities and represents the aggregate revenue receivable from tours booked during the financial year, stated net of value added tax and trade discounts.
Turnover is attributable to one continuing activity.

 
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.

Page 3

 
TRAVELCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
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.

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:

Computer equipment
-
33%

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.

Page 4

 
TRAVELCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
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

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.


Employees

The average monthly number of employees, including directors, during the year was 9 (2024 - 9).

Page 5

 
TRAVELCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Computer equipment

£





At 1 April 2024
7,051


Disposals
(7,051)



At 31 March 2025

-





At 1 April 2024
2,755


Charge for the year on owned assets
2,350


Disposals
(5,105)



At 31 March 2025

-



Net book value



At 31 March 2025
-



At 31 March 2024
4,296

Page 6

 
TRAVELCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Debtors

2025
2024
£
£


Trade debtors
1,385,754
1,202,404

Other debtors
28,061
45,929

Prepayments and accrued income
29,132
31,055

1,442,947
1,279,388



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
782,437
744,555

782,437
744,555



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
20,000
20,000

Other loans
99,910
-

Trade creditors
1,601,117
1,482,414

Corporation tax
52,320
-

Other taxation and social security
18,472
12,965

Other creditors
14,866
6,111

Accruals and deferred income
30,000
26,656

1,836,685
1,548,146


Page 7

 
TRAVELCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
1,667
21,667

Other loans
-
202,119

1,667
223,786



9.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
20,000
20,000

Other loans
99,910
-


119,910
20,000

Amounts falling due 1-2 years

Bank loans
1,667
20,000

Other loans
-
202,119


1,667
222,119

Amounts falling due 2-5 years

Bank loans
-
1,667


-
1,667


121,577
243,786


Included above is a bank loan from the Company's bankers, Lloyds Bank Plc, under the Coronavirus Business Interruption Loan Scheme (CBILS). The loan is for a term of 6 years, with no capital repayments for the the first 12 months. There is also no interest payable for the first 12 months, with a rate of 2.64% per annum charged thereafter.

Page 8

 
TRAVELCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

10.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



30,000 (2024 - 30,000) Ordinary shares of £1.00 each
30,000
30,000



11.


Contingent liabilities

At 31 March 2025, there were contingent liabilities in respect of counter indemnities and guarantees given by the Company in the normal course of business to the Company's bond insurance obligors in respect of ABTA and other similar bonds of £27,000 (2024 - £98,060).


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 £18,796 (2024 - £39,250). Contributions totalling £1,683 (2024 - £854) were payable to the fund at the reporting date and are included in creditors.


13.


Related party transactions

Travelbrands Limited: A company in which one of the directors, Mr N R Smithson, is also a director. The Company makes gross cost purchases of travel arrangements from Travelbrands Limited. The total gross cost purchases made for the year amounted to £13,905 (2024 - £36,211). 
As at the year end, the amount owed to Travelbrands Limited by the company amounted to £872 (2024 - £Nil).


14.


BSP Outstanding

As at 31 March 2025, the Company had £3,750 of outstanding payments due to International Air Transport Association (IATA) for tickets issued in the month of March 2025 (2024 - £3,538).


15.


Controlling party

In the opinion of the directors, there is no ultimate controlling party.

 
Page 9