Hart Holidays Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC406794 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2015

for

Hart Holidays Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

L Steinert

T D Hart

REGISTERED OFFICE:

The Holiday Centre

Building 3, Cameron Drive

Bearsden

Glasgow

G61 2NH

REGISTERED NUMBER:

SC406794 (Scotland)

ACCOUNTANTS:

Gillespie & Anderson

Chartered Accountants

147 Bath Street

Glasgow

G2 4SN

FIXED ASSETS

Tangible assets

2

10,686

13,251

CURRENT ASSETS

Debtors

82,783

38,964

Cash at bank and in hand

75,098

108,935

157,881

147,899

CREDITORS

Amounts falling due within one year

33,651

27,916

NET CURRENT ASSETS

124,230

119,983

TOTAL ASSETS LESS CURRENT
LIABILITIES

134,916

133,234

PROVISIONS FOR LIABILITIES

(1,672

)

(2,420

)

ACCRUALS AND DEFERRED INCOME

(2,325

)

(3,488

)

NET ASSETS

130,919

127,326

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

129,919

126,326

SHAREHOLDERS' FUNDS

130,919

127,326

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 14 July 2016 and were signed on its behalf by:

T D Hart - 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 is the amount derived from ordinary activities and is stated after discount and net of VAT. It represents

the sale of holidays (recognised as income dependent on the date of travel) together with the receipt of

commissions & management fees (recognised when entitlement to the income becomes unconditional).

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 10% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date, at the average tax rates that are expected to apply when the timing differences reverse, based on current

tax rates and laws. It is not provided on timing differences arising from fixed asset revaluations where there are no

commitments to sell the asset, whilst neither deferred tax assets nor liabilities are discounted.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period

of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

19,497

Additions

2,614

At 31 October 2015

22,111

DEPRECIATION

At 1 November 2014

6,246

Charge for year

5,179

At 31 October 2015

11,425

NET BOOK VALUE

At 31 October 2015

10,686

At 31 October 2014

13,251

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary

£1

1,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2015 and

31 October 2014:

2015

2014

£

T D Hart

Balance outstanding at start of year

-

Amounts advanced

50,500

60,000

Amounts repaid

(50,500

)

(60,000

)

Balance outstanding at end of year

-

The loan advanced and repaid in the year was interest-free.