Company Registration No. 07131361 (England and Wales)
BORN TO TRAVEL HOLIDAYS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
BORN TO TRAVEL HOLIDAYS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BORN TO TRAVEL HOLIDAYS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2015
30 June 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
5,955
7,255
Tangible assets
2
1,781
2,587
7,736
9,842
Current assets
Creditors: amounts falling due within one year
(23,726)
(23,788)
Net current liabilities
(23,726)
(23,788)
Total assets less current liabilities
(15,990)
(13,946)
Capital and reserves
Called up share capital
3
2
1
Profit and loss account
(15,992)
(13,947)
Shareholders' funds
(15,990)
(13,946)
For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 9 March 2016
Mrs J McBride
Director
Company Registration No. 07131361
BORN TO TRAVEL HOLIDAYS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33.33 % straight line
Fixtures, fittings & equipment
15% written down value
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 July 2014
12,995
11,451
24,446
Additions
-
1,320
1,320
At 30 June 2015
12,995
12,771
25,766
Depreciation
At 1 July 2014
5,740
8,864
14,604
Charge for the year
1,300
2,126
3,426
At 30 June 2015
7,040
10,990
18,030
Net book value
At 30 June 2015
5,955
1,781
7,736
At 30 June 2014
7,255
2,587
9,842
BORN TO TRAVEL HOLIDAYS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
1
During the year 1 ordinary share of £1 each was allotted and fully paid at par for cash consideration to provide additional working capital.