Company Registration No. 12531538 (England and Wales)
Expeditions International Limited
Unaudited accounts
for the year ended 31 March 2025
Expeditions International Limited
Unaudited accounts
Contents
Expeditions International Limited
Company Information
for the year ended 31 March 2025
Directors
Michael John Burton
Emile Alexander Waite-Taylor
Company Number
12531538 (England and Wales)
Registered Office
White Barn
Coggeshall Road
Kelvedon
Colchester
Essex
CO5 9PH
England
Expeditions International Limited
Statement of financial position
as at 31 March 2025
Intangible assets
2,620
3,024
Cash at bank and in hand
3,478
1,245
Creditors: amounts falling due within one year
(5,072)
(16,427)
Net current assets/(liabilities)
4,763
(13,000)
Net assets/(liabilities)
7,383
(9,976)
Called up share capital
4
4
Profit and loss account
7,379
(9,980)
Shareholders' funds
7,383
(9,976)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by
Michael John Burton
Director
Company Registration No. 12531538
Expeditions International Limited
Notes to the Accounts
for the year ended 31 March 2025
Expeditions International Limited is a private company, limited by shares, registered in England and Wales, registration number 12531538. The registered office is White Barn, Coggeshall Road, Kelvedon, Colchester, Essex, CO5 9PH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.
Other 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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Expeditions International Limited
Notes to the Accounts
for the year ended 31 March 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Intangible fixed assets
Goodwill
Other
Total
At 1 April 2024
2,000
2,040
4,040
At 31 March 2025
2,000
2,040
4,040
At 1 April 2024
650
366
1,016
Charge for the year
200
204
404
At 31 March 2025
850
570
1,420
At 31 March 2025
1,150
1,470
2,620
At 31 March 2024
1,350
1,674
3,024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Loans from directors
4,438
-
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.
Other creditors includes loans from a connected company totalling £15,550 (2023 £20,000).
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Average number of employees
During the year the average number of employees was 2 (2024: 2).