Accounts filed on 31-10-2019

Accounts filed on 31-10-2019

THE HOLIDAY AND FLIGHT CENTRE LIMITED - Company Information

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Registered number: 04473325
The Holiday & Flight Centre Limited
ACCOUNTS
FOR THE YEAR ENDED 31/10/2019
Prepared By:
Victor Stewart
The Holiday & Flight Centre Limited
ACCOUNTS
FOR THE YEAR ENDED 31/10/2019
DIRECTORS
Roseann Ratter
James Ratter
REGISTERED OFFICE
The White House
164 Bridge Road
Southampton
Hampshire
SO31 7EH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04473325
ACCOUNTANTS
Victor Stewart
The Holiday & Flight Centre Limited
ACCOUNTS
FOR THEYEARENDED31/10/2019
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
The Holiday & Flight Centre Limited
BALANCE SHEET AT 31/10/2019
20192018
Notes££
FIXED ASSETS
Intangible assets210,967-
Tangible assets344,06147,104
55,02847,104
CURRENT ASSETS
Debtors41,349,038799,188
1,349,038799,188
CREDITORS: Amounts falling due within one year5963,690360,333
NET CURRENT ASSETS385,348438,855
TOTAL ASSETS LESS CURRENT LIABILITIES440,376485,959
CREDITORS: Amounts falling due after more than one year623,61631,945
NET ASSETS416,760454,014
CAPITAL AND RESERVES
Called up share capital8100,003100,003
Profit and loss account316,757354,011
SHAREHOLDERS' FUNDS416,760454,014
For the year ending 31/10/2019 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 13/02/2020 and signed on their behalf by
.............................
Roseann Ratter
Director
The Holiday & Flight Centre Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2019
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 25%
Commercial Vehicles 25%
Fixtures and Fittings 15%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
Additions10,96710,967
At 31/10/201910,96710,967
Depreciation
At 31/10/2019--
Net Book Amounts
At 31/10/201910,96710,967
The Holiday & Flight Centre Limited
3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsTotal
££££
Cost
At 01/11/201867,8912,80054,107124,798
Additions2,010--2,010
At 31/10/201969,9012,80054,107126,808
Depreciation
At 01/11/201824,3412,13551,21877,694
For the year4,1651667225,053
At 31/10/201928,5062,30151,94082,747
Net Book Amounts
At 31/10/201941,3954992,16744,061
At 31/10/201843,5506652,88947,104
Included within the net book value are assets held under purchase lease to the value of £43,313 (2017: £NIL).
4. DEBTORS 20192018
££
Amounts falling due within one year
Trade debtors1,348,652797,903
Prepayments3861,285
1,349,038799,188
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20192018
££
Corporation tax20,78916,384
VAT11,7489,533
Directors current account107,99578,139
Bank loans and overdrafts31,92371,004
Finance leases8,3295,278
Trade creditors653,535176,677
Other creditors126,000-
Accruals3,3713,318
963,690360,333
The Holiday & Flight Centre Limited
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20192018
££
Finance Leases >1yr23,61631,945
23,61631,945
7. EMPLOYEES
20192018
No.No.
Average number of employees22
8. SHARE CAPITAL 20192018
££
Allotted, issued and fully paid:
100000 Ordinary shares of £1 each100000100000
1 Non voting A shares of £1 each11
1 Non voting B shares of £1 each11
1 Non voting C shares of £1 each11
100,003100,003