Company Registration No. 08341904 (England and Wales)
HOLIDAY INSPIRATIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
HOLIDAY INSPIRATIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HOLIDAY INSPIRATIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
5,175
6,901
Current assets
Debtors
5,655
3,216
Cash at bank and in hand
6,019
483
11,674
3,699
Creditors: amounts falling due within one year
(18,870)
(18,234)
Net current liabilities
(7,196)
(14,535)
Total assets less current liabilities
(2,021)
(7,634)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(2,023)
(7,636)
Shareholders' funds
(2,021)
(7,634)
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 15 September 2015
Mr N, W Basnett
Mr P, P Mannion
Director
Director
Company Registration No. 08341904
HOLIDAY INSPIRATIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 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).
The financial statements have been prepared on the going concern basis. The appropriateness of this basis is dependent upon the continued support of the directors and certain other creditors. The financial statements do not include any adjustments that would result in a withdrawal of this support as assurances have been obtained from the directors that this support will be ongoing.
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
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:
Plant and machinery
25% Reducing balance
Computer equipment
25% Reducing balance
Fixtures, fittings & equipment
25% Reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014 & at 31 December 2014
9,201
Depreciation
At 1 January 2014
2,300
Charge for the year
1,726
At 31 December 2014
4,026
Net book value
At 31 December 2014
5,175
At 31 December 2013
6,901
HOLIDAY INSPIRATIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2