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AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2017 |
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A1 TRAVEL DEALS LIMITED |
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REGISTERED NUMBER:
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AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2017 |
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FOR |
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A1 TRAVEL DEALS LIMITED |
A1 TRAVEL DEALS LIMITED (REGISTERED NUMBER: 06981085) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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A1 TRAVEL DEALS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Certified Accountants |
& Statutory Auditors |
187 High Road Leyton |
London |
E15 2BY |
A1 TRAVEL DEALS LIMITED (REGISTERED NUMBER: 06981085) |
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BALANCE SHEET |
30 NOVEMBER 2017 |
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30.11.17 | 30.11.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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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 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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A1 TRAVEL DEALS LIMITED (REGISTERED NUMBER: 06981085) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2017 |
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1. | STATUTORY INFORMATION |
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A1 Travel Deals Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. The turnover of the |
company for the period has been derived from the provision of goods and services falling within the company's |
principal activities. Income is is recognised on the date of departure basis. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Computer Software is amortised evenly over a period of twelve years. |
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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 transaction. Exchange differences are taken into account in arriving at the operating result. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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No going concern |
No material uncertainties related to events or conditions that may casts significant doubt on the ability of the |
company to continue as a going concern have been identified by the directors. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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A1 TRAVEL DEALS LIMITED (REGISTERED NUMBER: 06981085) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2017 |
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4. | INTANGIBLE FIXED ASSETS |
Computer |
software |
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COST |
At 1 December 2016 |
and 30 November 2017 |
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AMORTISATION |
At 1 December 2016 |
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Amortisation for year |
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At 30 November 2017 |
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NET BOOK VALUE |
At 30 November 2017 |
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At 30 November 2016 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 December 2016 |
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Additions |
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At 30 November 2017 |
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DEPRECIATION |
At 1 December 2016 |
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Charge for year |
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At 30 November 2017 |
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NET BOOK VALUE |
At 30 November 2017 |
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At 30 November 2016 |
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6. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST |
At 1 December 2016 |
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Additions |
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At 30 November 2017 |
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NET BOOK VALUE |
At 30 November 2017 |
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At 30 November 2016 |
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A1 TRAVEL DEALS LIMITED (REGISTERED NUMBER: 06981085) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2017 |
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6. | FIXED ASSET INVESTMENTS - continued |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Registered office: |
Nature of business:
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Class of shares: | holding |
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£ | £ |
Aggregate capital and reserves |
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Profit for the year |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.17 | 30.11.16 |
£ | £ |
Trade debtors |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.17 | 30.11.16 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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9. | SECURED DEBTS |
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The Barclays Bank has given the company overdraft facility of £20,000 on account number 73137953 repayable |
on demand; Barclays Internet Banking (BIB)/ Business Master Online facility of £100,000; Foreign Exchange |
facility of £40,000. Limited guaranteed was given by Ms Prabha Adhikari and Mrs Swati Verma for £20,000 |
dated 28 September 2012. |
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The company has also Purchasing Card facility of £50,000 with HSBC Bank. The bank in return has security |
over Debenture including Fixed Charge over all present freehold and leasehold property; First Fixed Charge over |
book and other debts, chattels, goodwill and uncalled capital, both present and future; and First Floating Charge |
over all assets and undertakings both present and future dated 28 April 2015. |
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Guarantee (joint and several) dated 10 April 2015 was given by Ms Prabha Adhikari and Mrs Swati Verma. |
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10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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A1 TRAVEL DEALS LIMITED (REGISTERED NUMBER: 06981085) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2017 |
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11. | RELATED PARTY DISCLOSURES |
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During the current year the company paid dividends totalling £222,300 (2016 : £116,200) to its shareholders. |
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The company also paid commercial rent totalling £nil (2016 : £4,230) to one of its directors Ms P S Adhikari. |
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At the balance sheet date, the company was owed £nil (2016 : £620 owed to) by Liveyoung Limited. The |
company was owed £nil (2016 : £4,070) by The Globe Hunters Limited; and £nil (2016 : £9,155) by Fly and |
Save Limited. These four companies are connected by virtue of common directorship. |
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At the balance sheet date, the company also owed £90,920 (2016 : £13,773) to its directors. |
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12. | APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
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In common with many other businesses of our size and nature we use our auditors to prepare and submit returns |
to the tax authorities and assist with the preparation of the financial statements. |
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13. | ULTIMATE CONTROLLING PARTY |
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During the current and previous years the company was controlled by its directors, Ms P S Adhikari and Mrs S |
Verma and their close families, by virtue of their ownership of the entire issued share capital. |
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14. | FIRST YEAR ADOPTION |
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Transitional relief |
On transition to FRS 102, the company has taken advantage of the following transitional relief: |
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• | to measure fair value at date of transition to FRS 102 and use as deemed cost on: |
- | an item of property, plant and equipment; |
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an intangible asset which meets the recognition criteria and criteria for revaluation in Section 18
Intangible Assets other than Goodwill. |