Registered Number 06642656
TRAVEL DATA SYSTEMS INTL LIMITED
Abbreviated Accounts
31 July 2015
Notes | 2015 | 2014 | |
---|---|---|---|
£ | £ | ||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
( |
( |
|
Total net assets (liabilities) |
( |
( |
|
Capital and reserves | |||
Called up share capital |
|
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Other accounting policies
As the company's total liabilities exceed its total assets, it is dependent on continued financial support from its creditors in order to meet its liabilities as they fall due and to continue operating without the immediate realisation of all its assets. The director considers that present trading conditions will enable past liabilities to be met and provide the necessary level of funding to ensure the company's continuance on a "going concern" basis. In consequence, it is appropriate to prepare the accounts on a going concern basis. If continued funding were not to be made available, the going concern basis would be invalid and adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities which may arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.