Harvest Moon Holidays Ltd. - Accounts to registrar (filleted) - small 18.2
Harvest Moon Holidays Ltd. - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Harvest Moon Holidays Ltd. |
| Unaudited Financial Statements |
| for the Year Ended 31st December 2021 |
| Harvest Moon Holidays Ltd. (Registered number: SC390169) |
| Contents of the Financial Statements |
| for the year ended 31st December 2021 |
| Page |
| Company information | 1 |
| Balance sheet | 2 | to | 3 |
| Notes to the financial statements | 4 | to | 7 |
| Harvest Moon Holidays Ltd. |
| Company Information |
| for the year ended 31st December 2021 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Academy House |
| Shedden Park Road |
| Kelso |
| Roxburghshire |
| TD5 7AL |
| Harvest Moon Holidays Ltd. (Registered number: SC390169) |
| Balance Sheet |
| 31st December 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Retained earnings |
| Shareholders' funds |
| Harvest Moon Holidays Ltd. (Registered number: SC390169) |
| Balance Sheet - continued |
| 31st December 2021 |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Harvest Moon Holidays Ltd. (Registered number: SC390169) |
| Notes to the Financial Statements |
| for the year ended 31st December 2021 |
| 1. | Statutory information |
| Harvest Moon Holidays Ltd. is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end. |
| Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts. |
| Tangible fixed assets |
| Property improvements | - |
| Fixtures, fittings and equipment | - |
| Motor vehicles | - |
| Office equipment | - |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
| Stocks |
| Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion. |
| Financial instruments |
| The following assets and liabilities are classified as financial instruments - trade creditors, accruals, finance leases, bank loans, other loans and directors' loans. |
| Finance leases and bank loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently at amortised cost using the relevant interest method. |
| Directors' loans (being repayable on demand), trade creditors, other loans and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings. |
| Harvest Moon Holidays Ltd. (Registered number: SC390169) |
| Notes to the Financial Statements - continued |
| for the year ended 31st December 2021 |
| 2. | Accounting policies - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the period of the lease. |
| 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. |
| Provisions |
| Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis. |
| Employee benefits |
| Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred. |
| Going concern |
| Despite the very unpredictable development of the Covid-19 pandemic, the Directors of the company have after extensive planning derived at a conclusion that this event should not have a material impact on the business therefore the going concern of the company is currently not at risk. Accordingly, they continue to adopt the going concern basis in preparing these financial statements. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| Harvest Moon Holidays Ltd. (Registered number: SC390169) |
| Notes to the Financial Statements - continued |
| for the year ended 31st December 2021 |
| 4. | Tangible fixed assets |
| Fixtures, |
| fittings |
| Property | and | Motor | Office |
| improvements | equipment | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1st January 2021 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st December 2021 |
| Depreciation |
| At 1st January 2021 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st December 2021 |
| Net book value |
| At 31st December 2021 |
| At 31st December 2020 |
| 5. | Debtors: amounts falling due within one year |
| 2021 | 2020 |
| £ | £ |
| Other debtors |
| 6. | Creditors: amounts falling due within one year |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Finance leases |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | Creditors: amounts falling due after more than one year |
| 2021 | 2020 |
| £ | £ |
| Finance leases |
| Harvest Moon Holidays Ltd. (Registered number: SC390169) |
| Notes to the Financial Statements - continued |
| for the year ended 31st December 2021 |
| 8. | Secured debts |
| The following secured debts are included within creditors: |
| 2021 | 2020 |
| £ | £ |
| Finance leases | - | 9,281 |
| The finance lease liabilities are secured against the assets to which they relate. |
| 9. | Other financial commitments |
| At 31 December 2021, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £Nil (2020 - 9,281). |
| 10. | Directors' advances, credits and guarantees |
| Included within other debtors are the following loans to directors: |
| at 1 Jan | Amount | Amount | at 31 Dec |
| 2021 | Advanced | Repaid | 2021 |
| Director 1 | 130,164 | 3,443 | 60,675 | 72,932 |
| Total | 130,164 | 3,443 | 60,675 | 72,932 |
| This loan is unsecured, interest has been charged at the rates published by HMRC and is repayable on demand. |