Regent Travel & Incentives Ltd - Period Ending 2015-12-31

Registration number: 03686338

Regent Travel & Incentives Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Regent Travel & Incentives Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Regent Travel & Incentives Ltd
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Regent Travel & Incentives Ltd for the year ended 31 December 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Regent Travel & Incentives Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Regent Travel & Incentives Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Regent Travel & Incentives Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Regent Travel & Incentives Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Regent Travel & Incentives Ltd. You consider that Regent Travel & Incentives Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Regent Travel & Incentives Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Thomas Quinn
Accountants
The Station House
15 Station Road
St Ives
Cambridgeshire
PE27 5BH

9 September 2016

Page 1

Regent Travel & Incentives Ltd
(Registration number: 03686338)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Current assets
Debtors					405			3,246
Cash at bank and in hand					51,230			21,346
					51,635			24,592
Creditors: Amounts falling due within one year					(37,387)			(24,053)
Total assets less current liabilities					14,248			539
Creditors: Amounts falling due after more than one year					(400)			(400)
Net assets					13,848			139
Capital and reserves
Called up share capital		3			2			-
Profit and loss account					13,846			139
Shareholders' funds					13,848			139

For the year ending 31 December 2015 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 director acknowledges her 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 director on 9 September 2016

Ms J Thorne
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Regent Travel & Incentives Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis as the director and shareholder has confirmed her commitment to support the company financially going forward.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Deprecation has beed provided at the following rates inorder to write off the assets over their estimated useful lives.

Asset class	Depreciation method and rate
Office Equipments	20% Straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Regent Travel & Incentives Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		5,932			5,932
At 31 December 2015		5,932			5,932
Depreciation
At 1 January 2015		5,932			5,932
At 31 December 2015		5,932			5,932
Net book value
At 31 December 2015		-			-
At 31 December 2014		-			-

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary Shares of £1 each		2			2			2			2

Page 4