Company Registration No. 11307102 (England and Wales)
Holiday Online Ltd
Unaudited accounts
for the period from 1 May 2019 to 30 September 2020
Holiday Online Ltd
Unaudited accounts
Contents
Holiday Online Ltd
Company Information
for the period from 1 May 2019 to 30 September 2020
Director
Mr, Shameem Golamy
Company Number
11307102 (England and Wales)
Registered Office
185 Fakenham Road
Taverham
Norwich
Norfolk
NR8 6LZ
England
Accountants
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
Holiday Online Ltd
Accountants' report
Accountants' report to the director of Holiday Online Ltd on the preparation of the unaudited statutory accounts for the period from 1 May 2019 to 30 September 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Holiday Online Ltd for the period from
1 May 2019 to
30 September 2020 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Holiday Online Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Holiday Online Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Holiday Online Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Holiday Online Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Holiday Online Ltd. You consider that Holiday Online Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Holiday Online Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Together Accounting Limited
17-19 St Georges Street
Norwich
Norfolk
NR3 1AB
29 October 2020
Holiday Online Ltd
Statement of financial position
as at
30 September 2020
Intangible assets
24,340
32,453
Cash at bank and in hand
20,590
367
Creditors: amounts falling due within one year
(34,177)
(45,769)
Net current liabilities
(13,247)
(45,402)
Net assets/(liabilities)
11,348
(12,949)
Called up share capital
1
1
Profit and loss account
(79,659)
(12,950)
Shareholders' funds
11,348
(12,949)
For the period ending 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 October 2020 and were signed on its behalf by
Mr, Shameem Golamy
Director
Company Registration No. 11307102
Holiday Online Ltd
Notes to the Accounts
for the period from 1 May 2019 to 30 September 2020
Holiday Online Ltd is a private company, limited by shares, registered in England and Wales, registration number 11307102. The registered office is 185 Fakenham Road, Taverham, Norwich, Norfolk, NR8 6LZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% - Straight Line Method
During the Year Ended 30th April 2019 the Company made a net loss of £12,950 and at the period end had net liabilities of £12,949.
The Company meets its day-to-day working capital requirements through financial support provided by other related Companies and the Shareholders. The Director has received assurances that the other related Companies and the Shareholders will
continue to provide financial support for at least the next twelve months from the date approval of the financial statements.
It is on this basis that the Director considers it appropriate to prepare the accounts on the going concern basis.
Holiday Online Ltd
Notes to the Accounts
for the period from 1 May 2019 to 30 September 2020
4
Intangible fixed assets
Goodwill
Other
Total
At 1 May 2019
30,000
8,180
38,180
At 30 September 2020
30,000
8,180
38,180
At 1 May 2019
3,000
2,727
5,727
Charge for the period
4,250
3,863
8,113
At 30 September 2020
7,250
6,590
13,840
At 30 September 2020
22,750
1,590
24,340
At 30 April 2019
27,000
5,453
32,453
5
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
Charge for the period
229
7
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
(19,611)
9
Other creditors
20,690
15,701
Loans from directors
32,517
29,743
8
Share capital
2020
2019
Allotted, called up and fully paid:
10,000 Ordinary shares of £0.0001 each
1
1
Holiday Online Ltd
Notes to the Accounts
for the period from 1 May 2019 to 30 September 2020
9
Transactions with related parties
INK CONSULTING LIMITED
(A related party by virtue of it having a common director, Mr. Shameem Golamy)
Loan as at 30th April 2019 (Included in Other Creditors)
2019 £13,001.10
10
Average number of employees
During the period the average number of employees was 1 (2019: 0).