Crete Escapes Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05207604 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2015

for

Crete Escapes Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs J Stimson

Mrs J Houston

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

05207604 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

2

1,607

2,039

CURRENT ASSETS

Debtors

1,755

5,804

Cash at bank

25,494

23,270

27,249

29,074

CREDITORS

Amounts falling due within one year

19,464

27,050

NET CURRENT ASSETS

7,785

2,024

TOTAL ASSETS LESS CURRENT LIABILITIES

9,392

4,063

CAPITAL AND RESERVES

Called up share capital

3

4

4

Share premium

2,999

2,999

Profit and loss account

6,389

1,060

SHAREHOLDERS' FUNDS

9,392

4,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 March 2016 and were signed on its behalf by:

Mrs J Stimson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all material timing differences.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

7,015

DEPRECIATION

At 1 November 2014

4,976

Charge for year

432

At 31 October 2015

5,408

NET BOOK VALUE

At 31 October 2015

1,607

At 31 October 2014

2,039

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary A

£1

2

2

2

Ordinary B

£1

2

2

4

4