Registration number:
MYBREAKTRIP LIMITED
for the Year Ended 30 June 2017
Saville Court
11 Saville Place
Clifton
Bristol
BS8 4EJ
MYBREAKTRIP LIMITED
Contents
Company Information |
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Accountants' Report |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
MYBREAKTRIP LIMITED
Company Information
Director |
N Gemenetzidis |
Registered office |
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Accountants |
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Page 1 |
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
MYBREAKTRIP LIMITED
for the Year Ended 30 June 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MYBREAKTRIP LIMITED for the year ended 30 June 2017 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of MYBREAKTRIP LIMITED, as a body, in accordance with the terms of our engagement letter dated 14 May 2012. Our work has been undertaken solely to prepare for your approval the accounts of MYBREAKTRIP LIMITED and state those matters that we have agreed to state to the Board of Directors of MYBREAKTRIP LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MYBREAKTRIP LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MYBREAKTRIP LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of MYBREAKTRIP LIMITED. You consider that MYBREAKTRIP LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MYBREAKTRIP LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
11 Saville Place
Clifton
Bristol
BS8 4EJ
Page 2 |
MYBREAKTRIP LIMITED
Statement of Comprehensive Income for the Year Ended 30 June 2017
Note |
2017 |
2016 |
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Loss for the year |
( |
( |
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Total comprehensive income for the year |
( |
( |
Page 3 |
MYBREAKTRIP LIMITED
(Registration number: 07673374)
Balance Sheet as at 30 June 2017
Note |
2017 |
2016 |
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Fixed assets |
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Tangible assets |
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Current assets |
|||
Cash at bank and in hand |
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|
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
For the financial year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
N Gemenetzidis
Director
Page 4 |
MYBREAKTRIP LIMITED
Statement of Changes in Equity for the Year Ended 30 June 2017
Share capital |
Share premium |
Profit and loss account |
Total |
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At 1 July 2016 |
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|
( |
( |
Loss for the year |
- |
- |
( |
( |
Total comprehensive income |
- |
- |
( |
( |
At 30 June 2017 |
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|
( |
( |
Share capital |
Share premium |
Profit and loss account |
Total |
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At 1 July 2015 |
|
- |
( |
( |
Loss for the year |
- |
- |
( |
( |
Total comprehensive income |
- |
- |
( |
( |
New share capital subscribed |
- |
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- |
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At 30 June 2016 |
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|
( |
( |
Page 5 |
MYBREAKTRIP LIMITED
Notes to the Financial Statements for the Year Ended 30 June 2017
General information |
The company is a private company limited by share capital incorporated in Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
straight line - 25% |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Page 6 |
MYBREAKTRIP LIMITED
Notes to the Financial Statements for the Year Ended 30 June 2017
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Page 7 |
MYBREAKTRIP LIMITED
Notes to the Financial Statements for the Year Ended 30 June 2017
Tangible assets |
Other property, plant and equipment |
Total |
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Cost or valuation |
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At 1 July 2016 |
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At 30 June 2017 |
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Depreciation |
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At 1 July 2016 |
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Charge for the year |
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At 30 June 2017 |
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Carrying amount |
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At 30 June 2017 |
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At 30 June 2016 |
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Creditors |
Note |
2017 |
2016 |
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Due within one year |
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Bank loans and overdrafts |
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Other creditors |
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Loans and borrowings |
2017 |
2016 |
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Current loans and borrowings |
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Other borrowings |
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Transition to FRS 102 |
Balance Sheet at 1 July 2015
Page 8 |
MYBREAKTRIP LIMITED
Notes to the Financial Statements for the Year Ended 30 June 2017
Note |
As originally reported |
Reclassification |
Remeasurement |
As restated |
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Capital and reserves |
|||||
Total equity |
- |
- |
- |
- |
Page 9 |
MYBREAKTRIP LIMITED
Notes to the Financial Statements for the Year Ended 30 June 2017
Balance Sheet at 30 June 2016
Note |
As originally reported |
Reclassification |
Remeasurement |
As restated |
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Capital and reserves |
|||||
Total equity |
- |
- |
- |
- |
Page 10 |
MYBREAKTRIP LIMITED
Notes to the Financial Statements for the Year Ended 30 June 2017
Profit and Loss Account for the year ended 30 June 2016
Note |
As originally reported |
Reclassification |
Remeasurement |
As restated |
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Turnover |
- |
- |
- |
- |
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Operating profit/(loss) |
- |
- |
- |
- |
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Profit/(loss) before tax |
- |
- |
- |
- |
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Profit/(loss) for the financial year |
- |
- |
- |
- |
Page 11 |