Abbreviated Company Accounts - PLANET DESTINATIONS LTD

WE DEFINE TRAVEL LTD - Company Information

07079401 PLANET DESTINATIONS LTD 2013-10-31 false 2012-10-01 2013-10-31 true 07079401 2012-10-01 2013-10-31 07079401 2013-10-31 07079401 2012-09-30 07079401 uk-gaap-cd-bus:Director1 2012-10-01 2013-10-31 07079401 uk-gaap-cd-bus:Director2 2012-10-01 2013-10-31 uk-gaap-cd-bus:Director3 2012-10-01 2013-10-31 uk-gaap-cd-bus:Director3 2013-10-31 uk-gaap-cd-bus:Director3 2012-09-30 uk-gaap-cd-bus:Director4 2012-10-01 2013-10-31 uk-gaap-cd-bus:Director4 2013-10-31 uk-gaap-cd-bus:Director4 2012-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-09-30 iso4217:GBP shares

Registered Number 07079401

PLANET DESTINATIONS LTD

Abbreviated Accounts

31 October 2013

PLANET DESTINATIONS LTD Registered Number 07079401

Abbreviated Balance Sheet as at 31 October 2013

	Notes	31/10/2013	30/09/2012
		£	£
Fixed assets
Intangible assets	2	70,278	-
Tangible assets	3	1,543	-
		71,821	-
Current assets
Debtors		50,985	-
Cash at bank and in hand		28,169	2
		79,154	2
Creditors: amounts falling due within one year		(134,344)	-
Net current assets (liabilities)		(55,190)	2
Total assets less current liabilities		16,631	2
Total net assets (liabilities)		16,631	2
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		16,629	-
Shareholders' funds		16,631	2

For the year ending 31 October 2013 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 15 July 2014

And signed on their behalf by:
D Joshi, Director
S Dovey, Director

PLANET DESTINATIONS LTD Registered Number 07079401

Notes to the Abbreviated Accounts for the period ended 31 October 2013

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

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery - 20% straight line

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of three years.

2Intangible fixed assets

	£
Cost
At 1 October 2012	-
Additions	110,000
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	110,000
Amortisation
At 1 October 2012	-
Charge for the year	39,722
On disposals	-
At 31 October 2013	39,722
Net book values
At 31 October 2013	70,278
At 30 September 2012	-

3Tangible fixed assets

	£
Cost
At 1 October 2012	-
Additions	1,899
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	1,899
Depreciation
At 1 October 2012	-
Charge for the year	356
On disposals	-
At 31 October 2013	356
Net book values
At 31 October 2013	1,543
At 30 September 2012	-

4Called Up Share Capital
Allotted, called up and fully paid:

	31/10/2013 £	30/09/2012 £
2 Ordinary shares of £1 each	2	2

5Transactions with directors

Name of director receiving advance or credit:	S Dovey
Description of the transaction:	Directors loan to company
Balance at 1 October 2012:	-
Advances or credits made:	£ 55,924
Advances or credits repaid:	-
Balance at 31 October 2013:	£ 55,924

Name of director receiving advance or credit:	D Joshi
Description of the transaction:	Directors loan to company
Balance at 1 October 2012:	-
Advances or credits made:	£ 52,915
Advances or credits repaid:	-
Balance at 31 October 2013:	£ 52,915

During the year the company borrowed monies from the following:

S Dovey £55,924
D Joshi £52,915