Elite Worldchoice Travel Agency Ltd
|
For the year ended 30 September 2015
Unaudited Abbreviated Report and Financial Statements
Scotland
Registered Number: SC376946
Elite Worldchoice Travel Agency Ltd
For the year ended 30 September 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Accountants' Report
For the year ended 30 September 2015
Elite Worldchoice Travel Agency Ltd
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
30
September
2015
and you consider that the company is exempt from an audit under the Companies Act
|
2006
.
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In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you
|
to fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
Stewart & Cumming Limited
31-33 Bridge Street
Musselburgh
EH21 6AA
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Abbreviated Balance Sheet
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Elite Worldchoice Travel Agency Ltd
2015
2014
2
5,355
5,355
3
362
483
5,717
5,838
9,101
7,980
7,980
9,101
Creditors
:
amounts falling due within one year
|
(14,592)
(13,495)
(5,491)
(5,515)
Net current liabilities
Total assets less current liabilities
|
202
347
202
Net assets
347
1
1
201
346
202
347
Shareholders funds
For the year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 06 June 2016
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Mr Giancarlo Frankitti Director
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Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
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For the year ended 30 September 2015
Elite Worldchoice Travel Agency Ltd
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
|
Acquired goodwill is stated at cost less amortisation
.
Amortisation is calculated on a straight line basis over the
|
estimated expected useful economic life of the goodwill of
0
years
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Fixtures and Fittings
2
Intangible fixed assets
|
8,925
8,925
3,570
3,570
5,355
5,355
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Notes to the Abbreviated Financial Statements
|
For the year ended 30 September 2015
Elite Worldchoice Travel Agency Ltd
1,296
1,296
813
121
Charge for year
934
362
483
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