REGISTERED NUMBER: 05704112 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

ONWARD TRAVEL SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Roach

N P Beer

SECRETARY:

S Roach

REGISTERED OFFICE:

3 Viking House

Cheddar Business Park

Wedmore Road

Cheddar

Somerset

BS27 3EB

REGISTERED NUMBER:

05704112 (England and Wales)

ACCOUNTANTS:

Gravita

Chartered Accountants

Bath House

6 - 8 Bath Street

Bristol

BS1 6HL

FIXED ASSETS

Tangible assets

4

25,926

38,098

CURRENT ASSETS

Debtors

5

251,102

202,120

Cash at bank

2,557,224

2,775,119

2,808,326

2,977,239

CREDITORS

Amounts falling due within one year

6

(2,826,955

)

(3,006,333

)

NET CURRENT LIABILITIES

(18,629

)

(29,094

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,297

9,004

PROVISIONS FOR LIABILITIES

(7,100

)

(8,869

)

NET ASSETS

197

135

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

97

35

SHAREHOLDERS' FUNDS

197

135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2025 and were signed on its behalf by:

S Roach - Director

1.	COMPANY INFORMATION

Onward Travel Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company in the year under review was that of web based travel solutions.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year 28 February 2025 and derives from the provision of services falling within the company's ordinary activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Fixtures, fittings, and equipment

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. 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.

Financial assets

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Financial liabilities

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2024 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Improvements

fittings,

to

and

Motor

Computer

property

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

49,029

20,352

5,000

64,588

138,969

Additions

-

460

-

4,402

4,862

At 28 February 2025

49,029

20,812

5,000

68,990

143,831

DEPRECIATION

At 1 March 2024

29,412

18,228

5,000

48,231

100,871

Charge for year

5,709

592

-

10,733

17,034

At 28 February 2025

35,121

18,820

5,000

58,964

117,905

NET BOOK VALUE

At 28 February 2025

13,908

1,992

-

10,026

25,926

At 29 February 2024

19,617

2,124

-

16,357

38,098

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

241,353

192,817

Prepayments

9,749

9,303

251,102

202,120

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

878,407

830,019

Tax

224,925

579,390

Social security and other taxes

24,844

26,244

VAT

370,130

222,251

Other creditors

1,081,753

1,057,041

Pension creditor

4,621

3,118

Directors' current accounts

236,600

282,670

Accruals and deferred income

5,675

5,600

2,826,955

3,006,333