Company Registration No. 05501408 (England and Wales)
TRAVEL DEFINITIONS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
TRAVEL DEFINITIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
TRAVEL DEFINITIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
150
Current assets
Debtors
350,105
173,466
Cash at bank and in hand
5,893
1,776
355,998
175,242
Creditors: amounts falling due within one year
(244,790)
(69,856)
Net current assets
111,208
105,386
Total assets less current liabilities
111,208
105,536
Capital and reserves
Called up share capital
3
30,000
30,000
Profit and loss account
81,208
75,536
Shareholders' funds
111,208
105,536
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 September 2015
Kevin Tasker
Director
Company Registration No. 05501408
TRAVEL DEFINITIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents gross revenue receivable from inclusive tours, travel agency commissions receivable (revenue recognised is the amount billed to the customer less the amount paid to the principal) and other services supplied to customers in the ordinary course of business.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
33% Straight Line
1.4
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2014 & at 31 December 2014
900
Depreciation
At 1 January 2014
750
Charge for the year
150
At 31 December 2014
900
Net book value
At 31 December 2014
-
At 31 December 2013
150
TRAVEL DEFINITIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
10,000 Ordinary shares of £1 each
10,000
10,000
10,000 Ordinary A share of £1 each
10,000
10,000
10,000 Ordinary B share of £1 each
10,000
10,000
30,000
30,000