Registered Number 02909641
TRAVEL TECHNOLOGY SYSTEMS LIMITED
Abbreviated Accounts
30 June 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Called up share capital not paid |
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Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: amounts falling due within one year | 4 |
( |
( |
Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 4 |
( |
( |
Provisions for liabilities |
( |
( |
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Accruals and deferred income |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 5 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
income is recognised in the period to which it relates.
Tangible assets depreciation policy
instalments over their estimated useful economic lives as follows:
Computer equipment 25-30% straight line
Motor vehicles 25% reducing balance
Fixtures, fittings and equipment 15% reducing balance and 10 years straight line
Intangible assets amortisation policy
on a straight basis over their estimated useful economic lives. Computer software has been reclassified as
Intangible.
Other accounting policies
Research expenditure is written off to the profit and loss account in the year in which it is incurred.
Development expenditure is written off in the same year unless the Directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the Company is expected to benefit.
Deferred taxation
Provision is made for deferred taxation in accordance with FRS 19.
£ | |
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Cost | |
At 1 July 2015 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 30 June 2016 |
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Amortisation | |
At 1 July 2015 |
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Charge for the year |
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On disposals |
( |
At 30 June 2016 |
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Net book values | |
At 30 June 2016 | 157,154 |
At 30 June 2015 | 47,728 |
£ | |
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Cost | |
At 1 July 2015 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
( |
At 30 June 2016 |
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Depreciation | |
At 1 July 2015 |
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Charge for the year |
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On disposals |
( |
At 30 June 2016 |
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Net book values | |
At 30 June 2016 | 202,782 |
At 30 June 2015 | 252,384 |
2016
£ |
2015
£ |
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Secured Debts |
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