SMILE GROUP TRAVEL LIMITED

SMILE GROUP TRAVEL LIMITED - Company Information

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Company Registration Number:
08794585 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2016

Period of accounts

Start date: 01 January 2016

End date: 31 December 2016

Contents of the Financial Statements

for the Period Ended 31 December 2016


Balance sheet
Notes

Balance sheet

As at 31 December 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets:	3	1,182	1,386
Total fixed assets:		1,182	1,386
Current assets
Debtors:	4	1,010,015	341,491
Total current assets:		1,010,015	341,491
Creditors: amounts falling due within one year:	5	(1,080,647)	(396,525)
Net current assets (liabilities):		(70,632)	(55,034)
Total assets less current liabilities:		(69,450)	(53,648)
Creditors: amounts falling due after more than one year:	6	(23,080)	0
Total net assets (liabilities):		(92,530)	(53,648)
Capital and reserves
Called up share capital:		100	100
Profit and loss account:		(92,630)	(53,748)
Shareholders funds:		(92,530)	(53,648)

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2016 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 21 December 2017
and signed on behalf of the board by:

Name: S M Weeks
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2016

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulateddepreciation and any accumulated impairment losses. Historical cost includes expenditure that isdirectly attributable to bringing the asset to the location and condition necessary for it to be capableof operating in the manner intended by management.Depreciation is charged so as to allocate the cost of assets less their residual value over theirestimated useful lives, using the straight-line method.Depreciation is provided on the following basis:Office equipment - 25%Computer equipment - 25%The assets' residual values, useful lives and depreciation methods are reviewed, and adjustedprospectively if appropriate, or if there is an indication of a significant change since the last reportingdate.Gains and losses on disposals are determined by comparing the proceeds with the carrying amountand are recognised in the Statement of comprehensive income.

Other accounting policies

-Advance receipts and payments-All revenue relating to tours with departure dates after the financial year end are treated as advancereceipts as at the balance sheet date and are separately disclosed under other creditors. Paymentsmade to suppliers in respect of future departures are treated as advance payments and areseparately disclosed under other debtors.

Notes to the Financial Statements

for the Period Ended 31 December 2016

2. Employees

	2016	2015
Average number of employees during the period	5	4

Notes to the Financial Statements

for the Period Ended 31 December 2016

3. Tangible Assets

	Total
Cost	£
At 01 January 2016	1,848
Additions	318
At 31 December 2016	2,166
Depreciation
At 01 January 2016	462
Charge for year	522
At 31 December 2016	984
Net book value
At 31 December 2016	1,182
At 31 December 2015	1,386

Notes to the Financial Statements

for the Period Ended 31 December 2016

4. Debtors

During the period under review, South Quay Travel & Leisure Limited (SQTL), a shareholder in thecompany, received and paid money on behalf of the company for a net amount of £310,404 DR (2015:£229,578 CR). At the period end, the company was owed by SQTL £391,563 (2015: £81,159).

Notes to the Financial Statements

for the Period Ended 31 December 2016

5. Creditors: amounts falling due within one year note

Trade creditors 2016: £180,210; 2015: £0Other creditors 2016: £267,167; 2015: £180,740Accruals and deferred income 2016: £633,270; 2015: £215,785Total: 2016 £1,080,647; 2015: £396,525.During the period under review, Cruise & Maritime Voyages Limited (CMV), a company under commoncontrol, paid for expenses on behalf of the company in the sum of £87,649 (2015: £91,749). At the periodend, the company owed CMV £264,334 (2015: £176,685).

Notes to the Financial Statements

for the Period Ended 31 December 2016

6. Creditors: amounts falling due after more than one year note

Accruals and deferred income 2016: £23,080; 2015: £0

SMILE GROUP TRAVEL LIMITED