Abbreviated Company Accounts - HAN YOUNG TOURS LIMITED

HAN YOUNG TOURS LIMITED - Company Information

03703052 HAN YOUNG TOURS LIMITED 2015-01-31 false 2014-02-01 2015-01-31 true 03703052 2014-02-01 2015-01-31 03703052 2015-01-31 03703052 2014-01-31 03703052 uk-gaap-cd-bus:Director1 2014-02-01 2015-01-31 03703052 uk-gaap-cd-bus:Director2 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-01 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 iso4217:GBP shares

Registered Number 03703052

HAN YOUNG TOURS LIMITED

Abbreviated Accounts

31 January 2015

HAN YOUNG TOURS LIMITED Registered Number 03703052

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	329	438
		329	438
Current assets
Debtors		81,492	95,502
Cash at bank and in hand		29,704	14,173
		111,196	109,675
Creditors: amounts falling due within one year		(120,241)	(93,024)
Net current assets (liabilities)		(9,045)	16,651
Total assets less current liabilities		(8,716)	17,089
Total net assets (liabilities)		(8,716)	17,089
Capital and reserves
Called up share capital	3	40,000	40,000
Profit and loss account		(48,716)	(22,911)
Shareholders' funds		(8,716)	17,089

For the year ending 31 January 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 October 2015

And signed on their behalf by:
S C Paek, Director

HAN YOUNG TOURS LIMITED Registered Number 03703052

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% pa reducing balance basis

Valuation information and policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% pa reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 February 2014	13,927
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	13,927
Depreciation
At 1 February 2014	13,489
Charge for the year	109
On disposals	-
At 31 January 2015	13,598
Net book values
At 31 January 2015	329
At 31 January 2014	438

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
40,000 Ordinary shares of £1 each	40,000	40,000

The company was under the control of Mr Sung Chul Paek throughout the current and previous year. Mr Sung Chul Paek is the managing director and majority shareholder.

Other creditors include £37,100 owed to related company in which Mr Sung Chul Peak is a Director and shareholder.