Select Travel Holidays Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06019051 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

SELECT TRAVEL HOLIDAYS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R H Wright

P S Wright

Miss A Wright

B F Wright

SECRETARY:

P S Wright

REGISTERED OFFICE:

71 High Street

Gt Barford

Bedford

Bedfordshire

MK44 3LF

REGISTERED NUMBER:

06019051 (England and Wales)

ACCOUNTANTS:

Darrington & Co Limited

71 High Street

Gt Barford

Bedford

Bedfordshire

MK44 3LF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

21,457

22,641

21,457

22,641

CURRENT ASSETS

Debtors

6

72,791

90,582

Cash at bank and in hand

13,853

23,617

86,644

114,199

CREDITORS

Amounts falling due within one year

7

39,687

55,724

NET CURRENT ASSETS

46,957

58,475

TOTAL ASSETS LESS CURRENT LIABILITIES

68,414

81,116

PROVISIONS FOR LIABILITIES

3,526

3,701

NET ASSETS

64,888

77,415

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

64,388

76,915

SHAREHOLDERS' FUNDS

64,888

77,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14 August 2017 and were signed on its behalf by:

Mrs R H Wright - Director

P S Wright - Director

1.	STATUTORY INFORMATION

Select Travel Holidays Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents commissions received and advertising revenue, net of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

period of the lease

Plant and machinery etc

-

33% on cost and 20% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

46,000

AMORTISATION

At 1 April 2016

and 31 March 2017

46,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2016

4,604

41,839

46,443

Additions

-

5,886

5,886

Disposals

-

(4,321

)

(4,321

)

At 31 March 2017

4,604

43,404

48,008

DEPRECIATION

At 1 April 2016

345

23,457

23,802

Charge for year

461

6,609

7,070

Eliminated on disposal

-

(4,321

)

(4,321

)

At 31 March 2017

806

25,745

26,551

NET BOOK VALUE

At 31 March 2017

3,798

17,659

21,457

At 31 March 2016

4,259

18,382

22,641

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

48,024

70,212

Other debtors

24,767

20,370

72,791

90,582

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

7,743

11,210

Taxation and social security

19,946

15,577

Other creditors

11,998

28,937

39,687

55,724