| GTI Travel Group Limited |
| Registered number: |
06689452 |
| Abbreviated Balance Sheet |
| as at 31 December 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
60,743 |
|
|
16,348 |
|
| Current assets |
| Debtors |
3 |
|
555,178 |
|
|
413,428 |
| Cash at bank and in hand |
|
|
114,589 |
|
|
201,583 |
|
|
|
669,767 |
|
|
615,011 |
|
| Creditors: amounts falling due within one year |
|
|
(716,209) |
|
|
(618,612) |
|
| Net current liabilities |
|
|
|
(46,442) |
|
|
(3,601) |
|
| Total assets less current liabilities |
|
|
|
14,301 |
|
|
12,747 |
|
|
| Provisions for liabilities |
|
|
|
(12,148) |
|
|
(3,269) |
|
|
| Net assets |
|
|
|
2,153 |
|
|
9,478 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
2,151 |
|
|
9,476 |
|
| Shareholders' funds |
|
|
|
2,153 |
|
|
9,478 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Martin Robinson |
| Director |
| Approved by the board on 29 June 2015 |
|
| GTI Travel Group Limited |
| Notes to the Abbreviated Accounts |
| for the period ended 31 December 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and Machinery |
10% reducing balance |
|
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2013 |
22,692 |
|
Additions |
51,143 |
|
At 31 December 2014 |
73,835 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2013 |
6,344 |
|
Charge for the period |
6,748 |
|
At 31 December 2014 |
13,092 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2014 |
60,743 |
|
At 30 September 2013 |
16,348 |
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2014 |
|
2013 |
| £ |
£ |
|
Debtors include: |
|
|
Amounts due after more than one year |
83,925 |
|
109,068 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
J Greene |
|
Loan 1 - interest charged at 4%/3.25%. |
87,254 |
|
- |
|
(3,329) |
|
83,925 |
|
0 |
- |
|
- |
|
- |
|
- |
|
|
M Robinson |
|
Loan 1 - interest charged at 4% and repaid on 30 June 2014 |
32,883 |
|
- |
|
(32,883) |
|
- |
|
0 |
- |
|
- |
|
- |
|
- |
|
|
|
120,137 |
|
- |
|
(36,212) |
|
83,925 |
|
|
|
|
|
|
|
|
|
