Footprints Tours Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Footprints Tours Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07427089 . The registered office is 34 Rotherfield Road, Henley-On-Thames, Oxon, RG9 1NN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover 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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Straight Line
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Straight Line
Computer Equipment	25% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Footprints Tours Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 19 (2025: 14)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	2,224	176,136	43,430	-	221,790
Additions	-	101,960	-	2,129	104,089

As at 31 January 2026	2,224	278,096	43,430	2,129	325,879

Depreciation
As at 1 February 2025	2,224	83,179	20,376	-	105,779
Provided during the period	-	48,729	7,988	532	57,249

As at 31 January 2026	2,224	131,908	28,364	532	163,028

Net Book Value
As at 31 January 2026	-	146,188	15,066	1,597	162,851

As at 1 February 2025	-	92,957	23,054	-	116,011

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2026	2025 as restated
	£	£
Motor Vehicles	76,470	-

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Footprints Tours Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Debtors

	2026	2025 as restated
	£	£
Due within one year
Trade debtors	4,752	1,007
Other debtors	18,074	9,937

	22,826	10,944

6. Creditors: Amounts Falling Due Within One Year

	2026	2025 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	16,017	-
Trade creditors	-	7,614
Bank loans and overdrafts	10,874	-
Other creditors	69,309	58,992
Taxation and social security	113,584	167,240

	209,784	233,846

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	25,360	-

8. Secured Creditors

Of the creditors the following amounts are secured.

	2026		2025 as restated
	£		£
Net obligations under finance lease and hire purchase contracts	41,377		-

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025 as restated
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	16,017	-
Later than one year and not later than five years	25,360	-

	41,377	-

	41,377	-

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Footprints Tours Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

10. Share Capital

	2026	2025 as restated
	£	£
Allotted, Called up and fully paid	200	200

11. Other Commitments

At the balance sheet date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases totalling £367,763 (2025: £417,763).

12. First Time Adoption of FRS 102 Section 1A

These are the first financial statements prepared in accordance with FRS 102, Section 1A. The company previously prepared its financial statements under FRS105.

The transition to FRS 102 Section 1A has resulted in one material adjustment to the amounts previously reported. Under FRS 102, the company is required to recognise deferred tax on a full provision basis using the timing differences approach. Under FRS105, the company was prohibited from providing for deferred tax.

On transition, a deferred tax liability of £33,608 has been recognised, with a corresponding adjustment to retained earnings. This represents timing differences between the carrying value of assets and liabilities and their tax base, primarily arising from accelerated capital allowances.

Although the restatement has resulted in a reduction to opening retained earnings, dividends declared in prior periods were lawful when paid, having been determined by reference to accounts properly prepared under the then-applicable accounting framework. Their validity is therefore not affected by this transition adjustment.

Reconciliation of equity at the date of transition:

Equity as previously reported under FRS105: £122,954

Recognition of deferred tax liability: £33,608

Equity as restated under FRS 102 Section 1A: £89,346

There was no impact on the profit before tax figure for the comparative period. The profit after tax increased as a result of a credit of £4,605, resprenting a reduction in the deferred tax provision in the year.

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		2026		2025 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		162,851		116,011

			162,851		116,011
CURRENT ASSETS
Debtors	5	22,826		10,944
Cash at bank and in hand		318,328		110,403

		341,154		121,347
Creditors: Amounts Falling Due Within One Year	6	(209,784 )		(233,846 )

NET CURRENT ASSETS (LIABILITIES)			131,370		(112,499 )

TOTAL ASSETS LESS CURRENT LIABILITIES			294,221		3,512

Creditors: Amounts Falling Due After More Than One Year	7		(25,360 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(40,712 )		(29,003 )

NET ASSETS/(LIABILITIES)			228,149		(25,491 )

CAPITAL AND RESERVES
Called up share capital	10		200		200
Profit and Loss Account			227,949		(25,691 )

SHAREHOLDERS' FUNDS			228,149		(25,491)