Caseware UK (AP4) 2023.0.135 2023.0.135 2025-03-312025-03-31true2024-04-01falseTour operator specialising in bespoke travel to Africa1111trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03773781 2024-04-01 2025-03-31 03773781 c:KeyManagementIndividualGroup2 2024-04-01 2025-03-31 03773781 c:KeyManagementIndividualGroup1 2024-04-01 2025-03-31 03773781 2023-04-01 2024-03-31 03773781 2025-03-31 03773781 c:KeyManagementIndividualGroup2 2025-03-31 03773781 c:KeyManagementIndividualGroup1 2025-03-31 03773781 2024-03-31 03773781 c:KeyManagementIndividualGroup2 2024-03-31 03773781 1 2024-04-01 2025-03-31 03773781 d:CompanySecretary1 2024-04-01 2025-03-31 03773781 d:Director1 2024-04-01 2025-03-31 03773781 d:Director2 2024-04-01 2025-03-31 03773781 d:Director3 2024-04-01 2025-03-31 03773781 d:RegisteredOffice 2024-04-01 2025-03-31 03773781 c:Buildings 2024-04-01 2025-03-31 03773781 c:Buildings 2025-03-31 03773781 c:Buildings 2024-03-31 03773781 c:Buildings c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03773781 c:Buildings c:LongLeaseholdAssets 2024-04-01 2025-03-31 03773781 c:Buildings c:LongLeaseholdAssets 2025-03-31 03773781 c:Buildings c:LongLeaseholdAssets 2024-03-31 03773781 c:FurnitureFittings 2024-04-01 2025-03-31 03773781 c:FurnitureFittings 2025-03-31 03773781 c:FurnitureFittings 2024-03-31 03773781 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03773781 c:ComputerEquipment 2024-04-01 2025-03-31 03773781 c:ComputerEquipment 2025-03-31 03773781 c:ComputerEquipment 2024-03-31 03773781 c:ComputerEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03773781 c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03773781 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 03773781 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 03773781 c:CurrentFinancialInstruments 2025-03-31 03773781 c:CurrentFinancialInstruments 2024-03-31 03773781 c:Non-currentFinancialInstruments 2025-03-31 03773781 c:Non-currentFinancialInstruments 2024-03-31 03773781 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 03773781 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 03773781 c:Non-currentFinancialInstruments c:AfterOneYear 2025-03-31 03773781 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 03773781 c:ShareCapital 2025-03-31 03773781 c:ShareCapital 2024-03-31 03773781 c:SharePremium 2025-03-31 03773781 c:SharePremium 2024-03-31 03773781 c:CapitalRedemptionReserve 2025-03-31 03773781 c:CapitalRedemptionReserve 2024-03-31 03773781 c:RevaluationReserve 2024-04-01 2025-03-31 03773781 c:RevaluationReserve 2025-03-31 03773781 c:RevaluationReserve 2024-03-31 03773781 c:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 03773781 c:RetainedEarningsAccumulatedLosses 2025-03-31 03773781 c:RetainedEarningsAccumulatedLosses 2024-03-31 03773781 d:FRS102 2024-04-01 2025-03-31 03773781 d:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03773781 d:FullAccounts 2024-04-01 2025-03-31 03773781 d:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03773781 c:WithinOneYear 2025-03-31 03773781 c:WithinOneYear 2024-03-31 03773781 c:BetweenOneFiveYears 2025-03-31 03773781 c:BetweenOneFiveYears 2024-03-31 03773781 2 2024-04-01 2025-03-31 03773781 5 2024-04-01 2025-03-31 03773781 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Registered number: 03773781


JOURNEYS BY DESIGN LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

 
JOURNEYS BY DESIGN LIMITED
 
 
COMPANY INFORMATION


DIRECTORS
Paul Herbertson 
William George Jones 
Carole Lesley Jordan 




COMPANY SECRETARY
Carole Lesley Jordan



REGISTERED NUMBER
03773781



REGISTERED OFFICE
8-9 Ship Street

Brighton

BN1 1AD




ACCOUNTANTS
Xeinadin London Limited
Accountants

8th Floor

Becket House

36 Old Jewry

London

EC2R 8DD





 
JOURNEYS BY DESIGN LIMITED
 

CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 11


 
JOURNEYS BY DESIGN LIMITED
REGISTERED NUMBER: 03773781

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
£
£

Fixed assets
  

Tangible assets
 6 
195,844
221,745

  
195,844
221,745

Current assets
  

Stocks
  
25,264
26,540

Debtors: amounts falling due within one year
 7 
2,256,717
1,890,168

Cash at bank and in hand
 8 
1,517,980
1,017,710

  
3,799,961
2,934,418

Creditors: amounts falling due within one year
 9 
(2,884,690)
(2,102,720)

Net current assets
  
 
 
915,271
 
 
831,698

Total assets less current liabilities
  
1,111,115
1,053,443

Creditors: amounts falling due after more than one year
 10 
(255,905)
(433,717)

  

Net assets
  
855,210
619,726

Page 1

 
JOURNEYS BY DESIGN LIMITED
REGISTERED NUMBER: 03773781
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Capital and reserves
  

Called up share capital 
  
9,501
9,501

Share premium account
 11 
4,800
4,800

Revaluation reserve
 11 
26,912
26,912

Capital redemption reserve
 11 
500
500

Profit and loss account
 11 
813,497
578,013

  
855,210
619,726


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 period 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: 




Paul Herbertson
Director

Date: 24 July 2025


The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
JOURNEYS BY DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

1.


GENERAL INFORMATION

Journeys By Design 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 page of these financial statements.
The nature of the Company's operations and principal activities in the year under review were those of a tour operator specialising in bespoke travel to Africa. 

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.

 
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 receivable for inclusive tours arranged by the Company is recognised on the date of departure, excluding value added tax.

 
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.

 
2.5

INTEREST INCOME

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

 
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.

Page 3

 
JOURNEYS BY DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

BORROWING COSTS

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

 
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 period 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

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
JOURNEYS BY DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

  
2.11

ADVANCED RECEIPTS AND PAYMENTS

All revenue relating to tours with departure dates after the year end are treated as advance receipts at the balance sheet date and are separately disclosed under accruals and deferred income.
Payments made to suppliers in respect of these trips are included in prepayments.

 
2.12

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
5% on reducing balance
Leasehold improvements
-
10 Years Straight Line
Fixtures and fittings
-
5 Years Straight Line
Computer equipment
-
4 Years Straight Line

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.

 
2.13

REVALUATION OF TANGIBLE FIXED ASSETS

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Page 5

 
JOURNEYS BY DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.14

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 first in, first out 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.

 
2.15

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.

 
2.16

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.

 
2.17

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.

 
2.18

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.


 
2.19

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 period was 11 (2024 - 11).

Page 6

 
JOURNEYS BY DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

4.


DIVIDENDS

2025
2024
£
£


Dividends
61,326
74,482

61,326
74,482


5.


INTANGIBLE ASSETS




Website

£



Cost


At 1 April 2024
44,438



At 31 March 2025

44,438



Amortisation


At 1 April 2024
44,438



At 31 March 2025

44,438



Net book value



At 31 March 2025
-



At 31 March 2024
-



Page 7

 
JOURNEYS BY DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

6.


TANGIBLE FIXED ASSETS





Freehold property
Leasehold improvement
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



COST


At 1 April 2024
147,112
191,804
60,352
34,585
433,853


Additions
-
-
-
3,589
3,589


Disposals
-
-
-
(1,022)
(1,022)



At 31 March 2025

147,112
191,804
60,352
37,152
436,420



Depreciation


At 1 April 2024
27,618
100,019
57,453
27,018
212,108


Charge for the period on owned assets
5,976
18,357
1,465
3,505
29,303


Disposals
-
-
-
(835)
(835)



At 31 March 2025

33,594
118,376
58,918
29,688
240,576



Net book value



At 31 March 2025
113,518
73,428
1,434
7,464
195,844



At 31 March 2024
119,494
91,785
2,899
7,567
221,745

Page 8

 
JOURNEYS BY DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

7.


DEBTORS

2025
2024
£
£


Trade debtors
501
15,875

Other debtors
720,517
732,708

Prepayments and accrued income
1,491,898
1,105,890

Deferred taxation
43,801
35,695

2,256,717
1,890,168


Prepayments and accrued income includes advanced payments to suppliers for departures after the year end amounting to £1,457,007 (2024: £1,085,893).


8.


CASH AND CASH EQUIVALENTS

2025
2024
£
£

Cash at bank and in hand
1,517,980
1,017,710

1,517,980
1,017,710



9.


CREDITORS: Amounts falling due within one year

2025
2024
£
£

Bank loans
37,473
137,466

Trade creditors
38,722
39,232

Corporation tax
118,172
63,891

Other taxation and social security
19,287
17,975

Other creditors
27,855
30,738

Accruals and deferred income
2,643,181
1,813,418

2,884,690
2,102,720


Accruals and deferred income includes receipts from customers for departures after the year end amounting to £2,640,969 (2024: £1,811,206).

Page 9

 
JOURNEYS BY DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

10.


CREDITORS: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
106,112
170,911

Accruals and deferred income
149,793
262,806

255,905
433,717


Accruals and deferred income includes receipts from customers for departures after the financial position date amounting to £149,793 (2024: £262,806).


11.


RESERVES

Revaluation reserve

Includes all current and prior period revaluations.

Profit and loss account

Includes all current and prior period retained profit and losses.


12.


CONTINGENT LIABILITIES

The Company currently holds an Air Travel Organisers' License (ATOL) issued by the Civil Aviation Authority (CAA). In order to offer air inclusive package holidays, the company requires the annual renewal by the CAA of its ATOL licence. The CAA grants this license on the basis of meeting agreed financial criteria and renews this in September (effective 1st October) each year. The company has complied with these requirements in previous years. The directors see no reason why the ATOL license will not be renewed in September 2025 on substantially the same terms and conditions as currently agreed with the CAA.


13.


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 £18,752 (2024: £18,451) Contributions totalling £3,317 (2024: £3,117) were payable to the fund at the balance sheet date.

Page 10

 
JOURNEYS BY DESIGN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

14.


COMMITMENTS UNDER OPERATING LEASES

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
63,006
25,680

Later than 1 year and not later than 5 years
-
19,260

63,006
44,940


15.


RELATED PARTY TRANSACTIONS

During the year the Company had a loan account with the director W Jones. At the period end W Jones owed £15,995 to the company (2024: £70,866 owed by the company).

During the year the Company had a loan account with the director P Herbertson. At the period end P Herbertson owed £25,505 to the company (2024: £Nil) 
Wild Enterprise Limited is a company related by virtue of a common director. At the period end the amount owed by Wild Enterprise Limited was £635,325 (2024: £638,111).


16.


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.


17.


CONTROLLING PARTY

The Company is controlled by Mr W G Jones by virtue of his shareholding. 

 
Page 11