Purely Travel Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05253008 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31 October 2018

for

Purely Travel Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

D Hodson

A Bird

SECRETARY:

D Hodson

REGISTERED OFFICE:

Hallings Hatch

Parkgate Road

Dorking

RH5 5DY

REGISTERED NUMBER:

05253008 (England and Wales)

ACCOUNTANTS:

Reed Accounts & Tax Limited

Chartered Accountant & Statutory Auditor

Hallings Hatch

Parkgate Road

Dorking

Surrey

RH5 5DY

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

Abridged Income Statement and certain other primary statements and the Report of the

Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Purely Travel Limited for the year ended 31 October 2018

which comprise the Abridged Statement of Income and Retained Earnings, Abridged Balance

Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Purely Travel Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Purely Travel Limited and state those matters that we have agreed to state to the Board of Directors of Purely Travel Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Purely Travel Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Purely Travel Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Purely Travel Limited. You consider that Purely Travel Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Purely Travel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Reed Accounts & Tax Limited

Chartered Accountant & Statutory Auditor

Hallings Hatch

Parkgate Road

Dorking

Surrey

RH5 5DY

23 January 2019

FIXED ASSETS

Tangible assets

4

305

55

CURRENT ASSETS

Debtors

169,699

276,308

Cash at bank

299,787

244,667

469,486

520,975

CREDITORS

Amounts falling due within one year

248,243

308,821

NET CURRENT ASSETS

221,243

212,154

TOTAL ASSETS LESS CURRENT LIABILITIES

221,548

212,209

CAPITAL AND RESERVES

Called up share capital

30,010

30,010

Retained earnings

191,538

182,199

SHAREHOLDERS' FUNDS

221,548

212,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 October 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 23 January 2019 and were signed on its behalf by:

D Hodson - Director

A Bird - Director

1.	STATUTORY INFORMATION

Purely Travel 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.

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

-

33% on reducing balance

Taxation

Taxation for the year 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 year 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.

Revenue recognition

Turnover represents the invoice value of tours sold during the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2017

3,134

Additions

403

At 31 October 2018

3,537

DEPRECIATION

At 1 November 2017

3,079

Charge for year

153

At 31 October 2018

3,232

NET BOOK VALUE

At 31 October 2018

305

At 31 October 2017

55

5.	RELATED PARTY DISCLOSURES

Included within creditors are balances due to related parties of £656 (2017 £180).

6.	ULTIMATE CONTROLLING PARTY

The controlling party is no one party.

The ultimate controlling party is no one party.