Elite Worldchoice Travel Agency Ltd
|
Registered Number
:
SC
376946
|
For the year ended 30 September 2017
Scotland
Unaudited Financial Statements
For the year ended 30 September 2017
Elite Worldchoice Travel Agency Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Elite Worldchoice Travel Agency Ltd
Statement of Financial Position
2016
2017
5,355
5,355
2
Property
,
plant and equipment
|
550
667
3
5,905
6,022
Trade and other receivables
|
6,695
11,234
4
2
Cash and cash equivalents
|
2
11,236
6,697
Trade and other payables
:
amounts falling due within one
|
year
|
(13,684)
(17,191)
5
(6,987)
(5,955)
Net current liabilities
Total assets less current liabilities
|
(50)
(965)
(50)
Net liabilities
(965)
3
3
(53)
(968)
(50)
(965)
Shareholders' funds
For the year ended 30 September 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
|
b
)
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
|
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
|
394
and
395
and which otherwise comply with the requirements of the Companies Act
2006
relating to financial
|
statements
,
so far as applicable to the company
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
Mr Giancarlo Frankitti Director
|
These financial statements were approved and authorised for issue by the Board on 30 June 2018 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 30 September 2017
Elite Worldchoice Travel Agency Ltd
Notes to the Financial Statements
Statutory Information
Elite Worldchoice Travel Agency Ltd is a private limited company
,
limited by shares
,
domiciled in Scotland
,
registration
|
number SC
376946
.
|
1 Sidegate
Haddington
East Lothian
EH41 4BT
The presentation currency is £ sterling
.
|
Investment property is included at fair value. Changes in value are recognised in profit and loss.
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
|
Intangible assets
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.
|
Property, plant and equipment
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:
|
Fixtures and fittings
2 of 4
For the year ended 30 September 2017
Elite Worldchoice Travel Agency Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
8,925
8,925
3,570
3,570
5,355
5,355
3
.
Property
,
plant and equipment
|
1,823
50
1,873
Provision for depreciation and impairment
|
1,156
Charge for year
167
1,323
550
667
4
.
Trade and other receivables
|
2016
2017
4,190
3,200
7,044
3,495
6,695
11,234
3 of 4
For the year ended 30 September 2017
Elite Worldchoice Travel Agency Ltd
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
9,885
9,787
Taxation and social security
|
5,948
3,392
1,358
505
17,191
13,684
4 of 4