Abbreviated Company Accounts - PANAMA TRAVEL LIMITED

Abbreviated Company Accounts - PANAMA TRAVEL LIMITED


Registered Number 04319970

PANAMA TRAVEL LIMITED

Abbreviated Accounts

31 March 2016

PANAMA TRAVEL LIMITED Registered Number 04319970

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 6,075 -
6,075 -
Current assets
Debtors 204,332 -
Cash at bank and in hand 43,878 3,614
248,210 3,614
Creditors: amounts falling due within one year (232,402) (3,514)
Net current assets (liabilities) 15,808 100
Total assets less current liabilities 21,883 100
Total net assets (liabilities) 21,883 100
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 21,783 -
Shareholders' funds 21,883 100
  • For the year ending 31 March 2016 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 January 2017

And signed on their behalf by:
Mr M Ahmad, Director

PANAMA TRAVEL LIMITED Registered Number 04319970

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company.s ordinary activities.

Tangible assets depreciation policy
Fixtures, fittings & equipment-10% straight line

2Tangible fixed assets
£
Cost
At 1 April 2015 -
Additions 6,750
Disposals -
Revaluations -
Transfers -
At 31 March 2016 6,750
Depreciation
At 1 April 2015 -
Charge for the year 675
On disposals -
At 31 March 2016 675
Net book values
At 31 March 2016 6,075
At 31 March 2015 -
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100Ordinary shares of £1 each 100 100