Registered Number 02719776
TRAVEL & LEISURE GROUP LIMITED
Abbreviated Accounts
30 September 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Debtors |
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Investments |
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Prepayments and accrued income |
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Creditors: amounts falling due within one year |
( |
( |
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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 |
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( |
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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 | 4 |
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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
accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover policy
exclusive of Value Added Tax.
Tangible assets depreciation policy
over the useful economic life of that asset as follows:
Freehold Property - 2% Straight Line
Leasehold Property - 15% Reducing Balance
Computers & Equipment - 15% Reducing Balance
Motor Vehicles - 25% Reducing Balance
Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with the
following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value
adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over
into replacement assets, only to the extent that, at the balance sheet date, there is a binding
agreement to dispose of the assets concerned. However, no provision is made where, on the
basis of all available evidence at the balance sheet date, it is more likely than not that the
taxable gain will be rolled over into replacement assets and charged to tax only where the
replacement assets are sold.
Deferred tax assets are recognised only to the extent that the director considers that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in
the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange
ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at
the rate of exchange ruling at the date of the transaction. Exchange differences are taken into
account in arriving at the operating profit.
£ | |
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Cost | |
At 1 October 2015 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 30 September 2016 |
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Amortisation | |
At 1 October 2015 |
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Charge for the year |
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On disposals |
( |
At 30 September 2016 |
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Net book values | |
At 30 September 2016 | 20,285 |
At 30 September 2015 | 214,608 |
3
Fixed assets Investments
are both registered in England and Wales. At the Balance Sheet date the aggregate value of
capital and reserves for each company was as follows;
Timeshare Advertising Bureau Limited 2016 £100, 2015 £100
Travel and Leisure Advisory Services Limited 2016 £100, 2015 £100
Both Timeshare Advertising Bureau Limited and Travel and Leisure Advisory Services Limited
remained dormant throughout the reporting year.
The company is exempt from preparing consolidated accounts and has not done so, therefore the
accounts show information about the company as an individual entity.