Abbreviated Company Accounts - HOLIDAYS ALGARVE LTD

Abbreviated Company Accounts - HOLIDAYS ALGARVE LTD

HOLIDAYS ALGARVE LTD - Company Information

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Registered Number SC385096

HOLIDAYS ALGARVE LTD

Abbreviated Accounts

31 December 2015

HOLIDAYS ALGARVE LTD Registered Number SC385096

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 869 1,736
Tangible assets 3 26,577 2,004
27,446 3,740
Current assets
Debtors 412 -
Cash at bank and in hand 40,507 24,648
40,919 24,648
Creditors: amounts falling due within one year (40,447) (19,930)
Net current assets (liabilities) 472 4,718
Total assets less current liabilities 27,918 8,458
Creditors: amounts falling due after more than one year (27,274) -
Provisions for liabilities - (748)
Total net assets (liabilities) 644 7,710
Capital and reserves
Called up share capital 1 1
Profit and loss account 643 7,709
Shareholders' funds 644 7,710
  • 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 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 28 September 2016

And signed on their behalf by:
D Cleminson, Director

HOLIDAYS ALGARVE LTD Registered Number SC385096

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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 the total invoice value of sales made during the year and derives from the company's ordinary activities

Tangible assets depreciation policy
Plant and machinery - 25% straight line
Motor vehicles - 25% reducing balance

2Intangible fixed assets
£
Cost
At 1 January 2015 4,337
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 4,337
Amortisation
At 1 January 2015 2,601
Charge for the year 867
On disposals -
At 31 December 2015 3,468
Net book values
At 31 December 2015 869
At 31 December 2014 1,736
3Tangible fixed assets
£
Cost
At 1 January 2015 4,450
Additions 34,249
Disposals -
Revaluations -
Transfers -
At 31 December 2015 38,699
Depreciation
At 1 January 2015 2,446
Charge for the year 9,676
On disposals -
At 31 December 2015 12,122
Net book values
At 31 December 2015 26,577
At 31 December 2014 2,004