Travelsights Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06399653

Abbreviated Unaudited Accounts For The Year Ended 31st October 2015

for

Travelsights Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr S Mayer

REGISTERED OFFICE:

10 Market Street

Swavesey

Cambridge

Cambridgeshire

CB24 4QG

REGISTERED NUMBER:

06399653

FIXED ASSETS

Intangible assets

2

20,000

30,000

CURRENT ASSETS

Debtors

57,324

61,867

Cash at bank

69,050

53,446

126,374

115,313

CREDITORS

Amounts falling due within one year

128,182

120,930

NET CURRENT LIABILITIES

(1,808

)

(5,617

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

18,192

24,383

CAPITAL AND RESERVES

Called up share capital

3

500

Profit and loss account

17,692

23,883

SHAREHOLDERS' FUNDS

18,192

24,383

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2015 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 20th July 2016 and were signed by:

Mr S Mayer - 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 January 2015).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Deferred tax

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

the balance sheet date.

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.

Going concern

These financial statements have been prepared on the going concern basis. The Director considers

this basis to be appropriate but has not assessed a period in excess of 12 months from the date of

approving the accounts.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2014

and 31st October 2015

100,000

AMORTISATION

At 1st November 2014

70,000

Amortisation for year

10,000

At 31st October 2015

80,000

NET BOOK VALUE

At 31st October 2015

20,000

At 31st October 2014

30,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/15

31/10/14

value:

£

100

Ordinary A

£1

100

Ordinary B

£1

100

Ordinary C

£1

100

Ordinary D

£1

100

Ordinary E

£1

100

500

4.	ULTIMATE CONTROLLING PARTY

The company was under the ultimate control of the sole director and major shareholder Mr S Mayer,

for this and the preceding period.