| Dream Fishing Holidays Limited |
|
| Report to the directors on the preparation of the unaudited abbreviated accounts of Dream Fishing Holidays Limited for the year ended 31 March 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Dream Fishing Holidays Limited for the year ended 31 March 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
|
| Barnes Clark of Tiptree |
| Chartered Certified Accountants |
| Lime House |
| 75 Church Road |
| Tiptree |
| Essex |
| CO5 0HB |
|
| 21 December 2015 |
|
| Dream Fishing Holidays Limited |
| Registered number: |
06763048 |
| Abbreviated Balance Sheet |
| as at 31 March 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
55,000 |
|
|
58,750 |
| Tangible assets |
3 |
|
|
559 |
|
|
730 |
|
|
|
|
55,559 |
|
|
59,480 |
|
| Current assets |
| Debtors |
|
|
6,520 |
|
|
6,600 |
| Cash at bank and in hand |
|
|
40,381 |
|
|
19,872 |
|
|
|
46,901 |
|
|
26,472 |
|
| Creditors: amounts falling due within one year |
|
|
(86,285) |
|
|
(59,769) |
|
| Net current liabilities |
|
|
|
(39,384) |
|
|
(33,297) |
|
| Total assets less current liabilities |
|
|
|
16,175 |
|
|
26,183 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(97,900) |
|
|
(119,285) |
|
|
|
| Net liabilities |
|
|
|
(81,725) |
|
|
(93,102) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(81,825) |
|
|
(93,202) |
|
| Shareholders' funds |
|
|
|
(81,725) |
|
|
(93,102) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| S A Bond |
| Director |
| Approved by the board on 21 December 2015 |
|
| Dream Fishing Holidays Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Intangible assets and amortisation |
|
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of twenty years. |
|
|
Turnover |
|
Turnover represents the value of bookings provided to customers and commissions for work carried out in respect of services provided. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Computer and office equipment |
25% reducing balance |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
75,000 |
|
At 31 March 2015 |
75,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2014 |
16,250 |
|
Provided during the year |
3,750 |
|
At 31 March 2015 |
20,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
55,000 |
|
At 31 March 2014 |
58,750 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2014 |
2,224 |
|
Additions |
183 |
|
Disposals |
(224) |
|
At 31 March 2015 |
2,183 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2014 |
1,494 |
|
Charge for the year |
186 |
|
On disposals |
(56) |
|
At 31 March 2015 |
1,624 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2015 |
559 |
|
At 31 March 2014 |
730 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to (from) directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
S A Bond |
|
Loan - interest free - amount owed to director |
(36,024) |
|
- |
|
(162) |
|
(36,186) |
|
|
I P R Bond |
|
Loan - interest free - amount owed to director |
(36,025) |
|
- |
|
(161) |
|
(36,186) |
|
|
T Romano |
|
Loan - interest free from 1 April 2014 (previously 4%) - amount owed to company |
4,973 |
|
- |
|
- |
|
4,973 |
|
|
|
(67,076) |
|
- |
|
(323) |
|
(67,399) |
|
|
|
|
|
|
|
|
|
