SailandStay Ltd,Ltd - Accounts

SAILANDSTAY LTD - Company Information

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SailandStay Ltd

For the year ended 31 March 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 02457135

Contents Page

SailandStay Ltd

For the year ended 31 March 2015

Balance Sheet

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Notes to the Abbreviated Financial Statements

Abbreviated Balance Sheet

SailandStay Ltd

As at 31 March 2015

02457135

Registered Number :

2015

Notes

2014

Fixed assets

Tangible assets

93,224

103,155

93,224

103,155

Current assets

Debtors

6,196

5,387

Cash at bank and in hand

58,327

154,186

63,714

160,382

Creditors: amounts falling due within one year

(162,176)

(131,489)

(1,794)

(67,775)

Net current liabilities

Total assets less current liabilities

25,449

101,361

Creditors: amounts falling due after more than one year

(3,252)

25,449

Net assets

98,109

Capital and reserves

Called up share capital

102

Profit and loss account

25,347

98,007

25,449

98,109

Shareholders funds

For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Date approved by the board: 16 December 2015

S Stewart-Harris Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

For the year ended 31 March 2015

SailandStay Ltd

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

Deferred taxation

Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

15% Reducing balance

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and

rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets

and depreciated over the shorter of the lease term and their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

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Notes to the Abbreviated Financial Statements

For the year ended 31 March 2015

SailandStay Ltd

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

121,359

At 01 April 2014

6,520

Additions

At 31 March 2015

127,879

Depreciation

18,204

At 01 April 2014

16,451

Charge for year

34,655

At 31 March 2015

Net book values

At 31 March 2015

93,224

103,155

At 31 March 2014

2014

2015

3 Creditors due after more than one year

3,252

Bank loans and overdraft

4 Share capital

Allotted called up and fully paid

2015

2014

100 Ordinary shares of £1.00 each

100

2 Ordinary B shares of £1.00 each

102

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