Kicking Horse Powder Tours Limited - Abbreviated accounts

Kicking Horse Powder Tours Limited - Abbreviated accounts


Registered number
07845796
Kicking Horse Powder Tours Limited
Abbreviated Accounts
31 October 2013
Redland Business Consultancy Limited
Chartered Accountants
Bristol
Kicking Horse Powder Tours Limited
Registered number: 07845796
Abbreviated Balance Sheet
as at 31 October 2013
Notes 2013
£
Current assets
Debtors 8,384
Cash at bank and in hand 1,245
9,629
Creditors: amounts falling due within one year (35,486)
Net current liabilities (25,857)
Net liabilities (25,857)
Capital and reserves
Profit and loss account (25,857)
Shareholder's funds (25,857)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
R G Barker
Director
Approved by the board on 31 July 2014
Kicking Horse Powder Tours Limited
Notes to the Abbreviated Accounts
for the year ended 31 October 2013
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 January 2015).
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.
Revenue recognition
Revenue represents the aggregate amount of gross revenue receivable from tours and commissions receivable. Revenue and direct expenses relating to tours are taken to the profit and loss account on holiday departure.
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.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
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