AGNI_TRAVEL_LIMITED - Accounts

AGNI TRAVEL LIMITED - Company Information

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Company Registration No. 06846956 (England and Wales)

AGNI TRAVEL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2015

AGNI TRAVEL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

AGNI TRAVEL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

17,600

Tangible assets

38,834

41,319

56,434

41,319

Current assets

Debtors

533,387

878,001

Cash at bank and in hand

539,155

512,857

1,072,542

1,390,858

Creditors: amounts falling due within one year

(712,709)

(762,871)

Net current assets

359,833

627,987

Total assets less current liabilities

416,267

669,306

Capital and reserves

Called up share capital

100

Other reserves

Profit and loss account

416,167

669,206

Shareholders' funds

416,267

669,306

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 September 2016

Mr N J Pascoe

Director

Company Registration No. 06846956

AGNI TRAVEL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% reducing balance

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.6

Development costs

Development costs are written off over their expected useful life of 5 years.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 January 2015

84,931

Additions

22,000

10,459

32,459

At 31 December 2015

22,000

95,390

117,390

Depreciation

At 1 January 2015

43,612

Charge for the year

4,400

12,944

17,344

At 31 December 2015

4,400

56,556

60,956

Net book value

At 31 December 2015

17,600

38,834

56,434

At 31 December 2014

41,319

AGNI TRAVEL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

50 Ordinary shares of £1 each

100

Related party relationships and transactions

Loans to director

Advances and credits granted to the director during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr N J Pascoe - Director's loan account

382,452

375,172

612,358

145,266

382,452

375,172

612,358

145,266