PHAROAH_TRAVEL_LIMITED - Accounts

PHAROAH TRAVEL LIMITED - Company Information

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Company Registration No. 2042092 (England and Wales)

PHAROAH TRAVEL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

PHAROAH TRAVEL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PHAROAH TRAVEL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

510

476

Current assets

Debtors

384

Cash at bank and in hand

13,044

11,323

13,044

11,707

Creditors: amounts falling due within one year

(4,525)

(2,197)

Net current assets

8,519

9,510

Total assets less current liabilities

9,029

9,986

Capital and reserves

Called up share capital

100

Profit and loss account

8,929

9,886

Shareholders' funds

9,029

9,986

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 March 2016

G W Pharoah

Director

Company Registration No. 2042092

PHAROAH TRAVEL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 2 -

Accounting policies

1.1

Accounting convention

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

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents the invoiced amount from the income derived from its principal trading activities.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures & Fittings

25 % Reducing balance

Office Equipment

25 % Reducing balance

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 July 2014

11,805

Additions

204

At 30 June 2015

12,009

Depreciation

At 1 July 2014

11,329

Charge for the year

170

At 30 June 2015

11,499

Net book value

At 30 June 2015

510

At 30 June 2014

476

PHAROAH TRAVEL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100