Abbreviated Company Accounts - SMILE GROUP TRAVEL LIMITED

SMILE GROUP TRAVEL LIMITED - Company Information

08794585 SMILE GROUP TRAVEL LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 08794585 2015-01-01 2015-12-31 08794585 2015-12-31 08794585 2014-12-31 08794585 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 08794585 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 08794585

SMILE GROUP TRAVEL LIMITED

Abbreviated Accounts

31 December 2015

SMILE GROUP TRAVEL LIMITED Registered Number 08794585

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,386	-
		1,386	-
Current assets
Debtors		341,491	457,664
		341,491	457,664
Creditors: amounts falling due within one year		(396,525)	(511,903)
Net current assets (liabilities)		(55,034)	(54,239)
Total assets less current liabilities		(53,648)	(54,239)
Total net assets (liabilities)		(53,648)	(54,239)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(53,748)	(54,339)
Shareholders' funds		(53,648)	(54,239)

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 30 September 2016

And signed on their behalf by:
S M Weeks, Director

SMILE GROUP TRAVEL LIMITED Registered Number 08794585

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 January 2015.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. Revenue is recognised on a departure date basis.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets , less estimated residual value, over their expected useful lives on the following bases:

Computer equipment - 25% straight line

Other accounting policies
Operating Leases

Rentals under operating leases are charged to the Profit and Loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

Foreign Currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Profit and Loss account.

2Tangible fixed assets

	£
Cost
At 1 January 2015	0
Additions	1,848
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	1,848
Depreciation
At 1 January 2015	0
Charge for the year	462
On disposals	-
At 31 December 2015	462
Net book values
At 31 December 2015	1,386
At 31 December 2014	0

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100