Friends Travel International Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05202642 (England and Wales)

Abbreviated Accounts for the Year Ended 30 November 2013

for

Friends Travel International Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr M Arif

REGISTERED OFFICE:

246 Ashton Road

Oldham

Lancashire

OL8 1QN

REGISTERED NUMBER:

05202642 (England and Wales)

ACCOUNTANTS:

Abraham Certified Charterd Accountants

Sher House

46 Houghton Place

Bradford

West Yorkshire

BD1 3RG

FIXED ASSETS

Tangible assets

2

3,327

4,436

CURRENT ASSETS

Debtors

274,990

273,967

Cash at bank and in hand

26,543

35,406

301,533

309,373

CREDITORS

Amounts falling due within one year

241,760

250,981

NET CURRENT ASSETS

59,773

58,392

TOTAL ASSETS LESS CURRENT LIABILITIES

63,100

62,828

CAPITAL AND RESERVES

Called up share capital

3

200

200

Share premium

49,800

49,800

Profit and loss account

13,100

12,828

SHAREHOLDERS' FUNDS

63,100

62,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 10 July 2014 and were signed by:

Mr M Arif - 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 goods, 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.

FF & equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

and 30 November 2013

23,825

DEPRECIATION

At 1 December 2012

19,389

Charge for year

1,109

At 30 November 2013

20,498

NET BOOK VALUE

At 30 November 2013

3,327

At 30 November 2012

4,436

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

200

Ordinary Sharee

£1

200

200