REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE PERIOD 17 NOVEMBER 2015 TO 30 NOVEMBER 2016 |
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FOR |
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VAKAY TRAVEL GROUP LTD |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE PERIOD 17 NOVEMBER 2015 TO 30 NOVEMBER 2016 |
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FOR |
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VAKAY TRAVEL GROUP LTD |
VAKAY TRAVEL GROUP LTD (REGISTERED NUMBER: 09875451) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 17 NOVEMBER 2015 TO 30 NOVEMBER 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
VAKAY TRAVEL GROUP LTD |
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COMPANY INFORMATION |
FOR THE PERIOD 17 NOVEMBER 2015 TO 30 NOVEMBER 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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VAKAY TRAVEL GROUP LTD (REGISTERED NUMBER: 09875451) |
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ABBREVIATED BALANCE SHEET |
30 NOVEMBER 2016 |
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Notes | £ | £ |
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 |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Share premium |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps 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 Sections 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. |
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The financial statements were approved by the Board of Directors on
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VAKAY TRAVEL GROUP LTD (REGISTERED NUMBER: 09875451) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 17 NOVEMBER 2015 TO 30 NOVEMBER 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Intangible fixed asset |
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, |
over their expected useful economic life. Where the directors consider that there has been a permanent |
impairment in value the asset is written down to its realisable value in the year of impairment. |
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Trademark - 20% on straight line |
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Tangible fixed assets |
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Computer equipment | - |
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Research and development |
Expenditure on research and development is written off in the period in which it is incurred. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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Going concern |
The financial statements have been prepared on the going concern basis. The company incurred losses during the |
period however the directors were successful in raising additional share capital which in turn has resulted in |
sufficient cash balances so that the company may meets obligations, if and when, they become due. The directors |
are therefore of the opinion that they should adopt the going concern basis of accounting in preparing the annual |
financial statements. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
Additions |
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At 30 November 2016 |
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AMORTISATION |
Amortisation for period |
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At 30 November 2016 |
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NET BOOK VALUE |
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At 30 November 2016 |
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VAKAY TRAVEL GROUP LTD (REGISTERED NUMBER: 09875451) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE PERIOD 17 NOVEMBER 2015 TO 30 NOVEMBER 2016 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
Additions |
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At 30 November 2016 |
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DEPRECIATION |
Charge for period |
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At 30 November 2016 |
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NET BOOK VALUE |
At 30 November 2016 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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A Ordinary | £0.01 |
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B Investment | £0.01 |
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38,500 |
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On incorporation, the company issued 26,135 Ordinary £1 shares at par. |
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On 18 October 2016, the company issued 1,967 Ordinary £1 shares at par. |
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On 27 October 2016, the company redesignated its issued Ordinary £1 shares into A Ordinary £1 shares. On the |
same date, the company subdivided its issued share capital of 28,102 A Ordinary £1 shares into 2,810,200 A |
Ordinary £0.01 shares. No consideration was received as part of either of these transactions. |
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On 22 November 2016, the company issued 723,629 A Ordinary £0.01 shares and 316,126 B Investment £0.01 |
shares for total considerations of £103,000 and £45,000 respectively. |