ACCOUNTS - Final Accounts preparation

Registered number: 05757607

ISON TRAVEL LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

ISON TRAVEL LIMITED

REGISTERED NUMBER: 05757607

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	1,144,066		1,026,374
Cash at bank and in hand	5	3,879		705,590
		1,147,945		1,731,964
Creditors: amounts falling due within one year	6	(937,700)		(1,594,202)
Net current assets			210,245		137,762
Total assets less current liabilities			210,245		137,762
Provisions for liabilities
Deferred tax	7	-		(129)
			-		(129)
Net assets			210,245		137,633

Capital and reserves
Called up share capital	8	40,000	40,000
Profit and loss account	9	170,245	97,633
		210,245	137,633

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:

H K Cannon

Director

Date: 11 September 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

ISON TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

ISON Travel Limited is a private company limited by shares incorporated in England and Wales, United Kingdom.
The registered office address is Helford House, Hook Heath Road, Woking, United Kingdom, GU22 0QE.
The principal activity of the compant in the year under review was that of a travel agent.

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

These financial statements are presented in pound sterling, which is the Company's functional
currency. All amounts have been rounded to the nearest pound, unless otherwise indicated.

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 are recognised in the profit and loss account.

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:

Revenue represents amounts receivable from the sales of flights, visas and other travel related services supplied to customers net of VAT. Revenue is recognised at the point when an invoice is raised and when there is reasonable certainty that such transactions will be completed.

Page 2

ISON TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

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.

2.5

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.

2.6

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.

2.7

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.

Page 3

ISON TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Employees

The average monthly number of employees, including directors, during the period was 2 (2024 - 2).

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	1,144,066	-
Other debtors	-	1,026,374
	1,144,066	1,026,374

5.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	3,879	705,590
	3,879	705,590

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	908,289	357,607
Amounts owed to group undertakings	-	1,077,818
Corporation tax	24,161	32,554
Accruals and deferred income	5,250	126,223
	937,700	1,594,202

Page 4

ISON TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

7.	Deferred taxation

		2025
		£

	At beginning of year	(129)
	Charged to profit or loss	129
	At end of year	-

The deferred taxation balance is made up as follows:
	2025	2024
	£	£

	Accelerated capital allowances	-	(129)
		-	(129)

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

40,000 (2024 - 40,000) Ordinary shares of £1.00 each	40,000	40,000

Page 5

ISON TRAVEL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

Reserves

Profit and loss account

Includes all current and prior period retained profit and losses and current year's profit.

10.	Controlling party

The Company is controlled by the Directors.

11.	Auditors' information

The auditors' report on the financial statements for the period ended 31 March 2025 was unqualified.

The audit report was signed on 11 September 2025 by Ian Palmer FCA (Senior Statutory Auditor) on behalf of Xeinadin Audit Limited.

Page 6