Discovery Tours And Events Ltd


Director	Richard Jones


Registered Address	42 High Street, Wanstead
	London
	E11 2RJ


Registered Number	05005842 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		485		970
Tangible assets	4		490		1,446
			975		2,416
Current assets
Debtors	5	6,332		7,902
Cash at bank and on hand		55,661		151,250
		61,993		159,152
Creditors amounts falling due within one year	6	(18,884)		(77,539)
Net current assets (liabilities)			43,109		81,613
Total assets less current liabilities			44,084		84,029
Provisions for liabilities	7		-		(274)
Net assets			44,084		83,755
Capital and reserves
Called up share capital			400		400
Profit and loss account			43,684		83,355
Shareholders' funds			44,084		83,755

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 April 2026, and are signed on its behalf by:

Richard Jones
Director
Registered Company No. 05005842

Discovery Tours And Events Ltd

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	Discovery Tours And Events Ltd is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Goodwill being the amount paid in connection with the acquisition of a business in 2004 and has been fully amortised. Intangible assets Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortization and any accumulated impairment losses. Trademarks are being amortized evenly over their estimated useful life of ten years.

Intangible assets

Goodwill being the amount paid in connection with the acquisition of a business in 2004 and has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost.  After initial recognition, intangible assets are measured at cost less any accumulated amortization and any accumulated impairment losses.
Trademarks are being amortized evenly over their estimated useful life of ten years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	4
	Office Equipment	3

2.	Average number of employees


		2026		2025
	Average number of employees during the year	3		2

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 25	74,850	74,850
At 31 March 26	74,850	74,850
Amortisation and impairment
At 01 April 25	73,880	73,880
Charge for year	485	485
At 31 March 26	74,365	74,365
Net book value
At 31 March 26	485	485
At 31 March 25	970	970

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 25	12,890	12,890
At 31 March 26	12,890	12,890
Depreciation and impairment
At 01 April 25	11,444	11,444
Charge for year	956	956
At 31 March 26	12,400	12,400
Net book value
At 31 March 26	490	490
At 31 March 25	1,446	1,446

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	-	5,020
Other debtors	5,982	2,374
Prepayments and accrued income	350	508
Total	6,332	7,902


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	877	1,200
Amounts owed to related parties	13,743	48,639
Taxation and social security	1,864	23,950
Accrued liabilities and deferred income	2,400	3,750
Total	18,884	77,539


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	-	274
Total	-	274