Abbreviated Company Accounts - HOLIDAYS BY LKJ LIMITED
Abbreviated Company Accounts - HOLIDAYS BY LKJ LIMITED
Registered Number SC407683
HOLIDAYS BY LKJ LIMITED
Abbreviated Accounts
31 December 2015
HOLIDAYS BY LKJ LIMITED Registered Number SC407683
Abbreviated Balance Sheet as at 31 December 2015
| Notes | 2015 | 2014 | |
|---|---|---|---|
| £ | £ | ||
| Current assets | |||
| Debtors |
|
|
|
|
|
|
||
| Creditors: amounts falling due within one year |
( |
( |
|
| Net current assets (liabilities) |
( |
( |
|
| Total assets less current liabilities |
( |
( |
|
| Total net assets (liabilities) |
( |
( |
|
| Capital and reserves | |||
| Called up share capital | 2 |
|
|
| Profit and loss account |
( |
( |
|
| Shareholders' funds |
( |
( |
|
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
And signed on their behalf by:
HOLIDAYS BY LKJ LIMITED Registered Number SC407683
Notes to the Abbreviated Accounts for the period ended 31 December 2015
1Accounting Policies
Basis of measurement and preparation of accounts
The balance sheet shows that liabilities exceed assets by £38,639 (2014: £50,271) including
borrowing from the company's related undertaking, Barrhead Travel Service Limited, amounting to
£40,181 (2014: £70,235). The company's ability to continue normal trading operations is dependent
on the continued financial support of Barrhead Travel Service Limited. The financial statements have
been drawn up on the assumption that this support will continue for the foreseeable future and do not include any adjustments that would arise from withdrawal of this support.
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 policy
Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Deferred tax is provided at the average rates that are expected to apply when the timing differences
reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets and where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.