Travel Indulgence Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 10492145 (England and Wales)

Unaudited Financial Statements

for the Period 23 November 2016 to 30 November 2017

for

Travel Indulgence Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Ms K Shukla

Ms J Shukla

Ms H Shukla

REGISTERED OFFICE:

76-80

Baddow Road

Chelmsford

Essex

CM2 7PJ

REGISTERED NUMBER:

10492145 (England and Wales)

ACCOUNTANTS:

Pinnacle Accountancy Limited

76-80

Baddow Road

Chelmsford

Essex

CM2 7PJ

FIXED ASSETS

Intangible assets

3

8,637

Tangible assets

4

2,160

10,797

CURRENT ASSETS

Debtors

5

100

Cash at bank

96

196

CREDITORS

Amounts falling due within one year

6

13,083

NET CURRENT LIABILITIES

(12,887

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,090

)

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

8

(2,190

)

SHAREHOLDERS' FUNDS

(2,090

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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 13 August 2018 and were signed on its behalf by:

Ms H Shukla - Director

1.	STATUTORY INFORMATION

Travel Indulgence 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

Going concern

The financial statements have been prepared on a going concern basis even through at the

balance sheet date the company had net liabilities amounting to £2,090 and incurred a net

loss after tax of £2,190.

The directors have concluded that a material uncertainly exists that cast's significant doubt

upon the company's ability to continue as a going concern and that, therefore, the company

may be unable to realise its assets and discharge its liabilities in the normal course of

business.

However, the shareholders have expressed their willingness to provide financial support for

the next 12 months as from the date of approval of the financial statements in order for the

company to meet its current liabilities, therefore the directors continue to adopt the going

concern basis of accounting

3.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

Additions

9,597

At 30 November 2017

9,597

AMORTISATION

Amortisation for period

960

At 30 November 2017

960

NET BOOK VALUE

At 30 November 2017

8,637

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

2,700

At 30 November 2017

2,700

DEPRECIATION

Charge for period

540

At 30 November 2017

540

NET BOOK VALUE

At 30 November 2017

2,160

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

1,983

Other creditors

11,100

13,083

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

8.

RESERVES

Retained

earnings

£

Deficit for the period

(2,190

)

At 30 November 2017

(2,190

)

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 30 November 2017 set out on pages one to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Pinnacle Accountancy Limited

76-80

Baddow Road

Chelmsford

Essex

CM2 7PJ

13 August 2018