Women In Tourism Limited - Period Ending 2020-02-29

Women In Tourism Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 4

Women In Tourism Limited

Company Information

Directors

Mrs Lesley Judge Mrs Marion McKean Mrs Jane Ali-Knight Miss Margaret McNeil Mrs Aileen Margaret Lamb Mrs Karen Jacques Mrs Julie Anne Grieve Miss Susan Russell Ms Shona Clelland

Registered office

75/6 Albert Street Edinburgh EH7 5LR

Accountants

Sense Accounting & Bookkeeping Limited 36 Bruntsfield Place Edinburgh EH10 4HJ

Women In Tourism Limited

(Registration number: SC558527)
Balance Sheet as at 29 February 2020

	Note	2020 £	2019 £
Current assets
Debtors	4	525	577
Cash at bank and in hand		5,267	4,505
		5,792	5,082
Creditors: Amounts falling due within one year	5	(2,752)	(1,961)
Net assets		3,040	3,121
Capital and reserves
Profit and loss account		3,040	3,121
Total equity		3,040	3,121

For the financial year ending 29 February 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 17 February 2021 and signed on its behalf by:

.........................................

Miss Susan Russell

Director

Women In Tourism Limited

Notes to the Financial Statements for the Year Ended 29 February 2020

1	General information

The company is a company limited by guarantee, incorporated in Scotland, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
75/6 Albert Street
Edinburgh
EH7 5LR
Scotland

These financial statements were authorised for issue by the Board on 17 February 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of services to customers.

Turnover for the sale of services is recognised when the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will be received by the company and the stage of completion at the balance sheet date can be measured reliably.

Tax

The tax expense for the period comprises tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

Women In Tourism Limited

Notes to the Financial Statements for the Year Ended 29 February 2020

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the Company’s cash management are included as a component of cash and cash equivalents for the purpose only of the cash flow statement.

Trade debtors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors.

Trade creditors

Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2019 - 0).

4

Debtors

	2020 £	2019 £
Other debtors	525	577
	525	577

5

Creditors

	Note	2020 £	2019 £
Due within one year
Trade creditors		816	-
Taxation and social security		82	107
Other creditors		1,854	1,854
		2,752	1,961

6

Members' liability

The company is limited by guarantee, not having any share capital and consequently the liability for the members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities for the company on winding up such amounts as may be required not exceeding £1.