Backpackers Limited - Abbreviated accounts 16.1
Backpackers Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
| FOR |
| BACKPACKERS LIMITED |
| BACKPACKERS LIMITED (REGISTERED NUMBER: SC178448) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 30 September 2015 |
| Page |
| Abbreviated Balance Sheet | 1 |
| Notes to the Abbreviated Accounts | 3 |
| BACKPACKERS LIMITED (REGISTERED NUMBER: SC178448) |
| ABBREVIATED BALANCE SHEET |
| 30 September 2015 |
| 30.9.15 | 30.9.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| BACKPACKERS LIMITED (REGISTERED NUMBER: SC178448) |
| ABBREVIATED BALANCE SHEET - continued |
| 30 September 2015 |
| The financial statements were approved by the Board of Directors on |
| BACKPACKERS LIMITED (REGISTERED NUMBER: SC178448) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 30 September 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| At 30 September 2015 the company had liabilities exceeding assets by £90,109 (2014 - £99,243). The company |
| relies on the continued support of its directors and banks to finance its day-to-day working requirements. As a |
| result of this support, the directors feel that sufficient finance is available to meet liabilities as they fall due for |
| the foreseeable future. For this reason, the directors believe it is appropriate to prepare the accounts on the going |
| concern basis. |
| Accounting convention |
| The financial statements 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 income receivable from the provision of hostel services and income received from the |
| operation of a bar and restaurant, net of value added tax. |
| Intangible assets |
| The intangible asset, being the costs associated with developing the internet booking system, was amortised |
| evenly over a period of three years. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| BACKPACKERS LIMITED (REGISTERED NUMBER: SC178448) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 30 September 2015 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2014 |
| Disposals | ( |
) |
| At 30 September 2015 |
| AMORTISATION |
| At 1 October 2014 |
| Eliminated on disposal | ( |
) |
| At 30 September 2015 |
| NET BOOK VALUE |
| At 30 September 2015 |
| At 30 September 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2014 |
| Additions |
| At 30 September 2015 |
| DEPRECIATION |
| At 1 October 2014 |
| Charge for year |
| At 30 September 2015 |
| NET BOOK VALUE |
| At 30 September 2015 |
| At 30 September 2014 | 197,708 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.15 | 30.9.14 |
| value: | £ | £ |
| Ordinary | £1 |
| BACKPACKERS LIMITED (REGISTERED NUMBER: SC178448) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 30 September 2015 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 September 2015 and |
| 30 September 2014: |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year | ( |
) |
| Interest at a rate of 3.25% has been charged where the overdrawn loans have exceeded £10,000. The loans have |
| no fixed terms of repayment. |
| 7. | ULTIMATE CONTROLLING PARTY |
| During the year the company was under the control of the directors. No individual director has overall control. |