| Travel Information Systems Limited |
| Registered number: |
01157567 |
| Balance sheet |
| as at 28 February 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
43,902 |
|
|
109,252 |
| Cash at bank and in hand |
|
|
79,506 |
|
|
77,759 |
|
|
|
123,408 |
|
|
187,011 |
|
| Creditors: amounts falling due within one year |
4 |
|
(48,007) |
|
|
(80,660) |
|
| Net current assets |
|
|
|
75,401 |
|
|
106,351 |
|
| Total assets less current liabilities |
|
|
|
75,401 |
|
|
106,351 |
|
| Net assets |
|
|
|
75,401 |
|
|
106,351 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
75,000 |
|
|
75,000 |
| Profit and loss account |
|
|
|
401 |
|
|
31,351 |
|
| Shareholders' funds |
|
|
|
75,401 |
|
|
106,351 |
|
|
|
|
|
|
|
|
|
| These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and the option not to file the profit and loss account has been taken, under s444. |
|
| 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 members have 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 unaudited financial statements. |
|
|
|
| ……………………………… |
| Mr E P Perry |
| Director |
| Approved by the board on 19 March 2018 |
|
| Travel Information Systems Limited |
| Notes to the unaudited financial statements |
| for the period from 1 April 2017 to 28 February 2018 |
|
|
| 1 |
General Information |
|
|
Travel Information Systems Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is : Grand Union House Suite 3, 20 Grand Union House, London, England, NW1 9NR. |
|
| 2 |
Accounting policies |
|
|
Basis of preparation |
|
These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 102 Section 1A "Small Entities". "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Taxation |
|
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. |
|
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
|
|
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. |
|
|
Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 3 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade debtors |
19,488 |
|
9,108 |
|
Amount due from group undertakings |
|
24,414 |
|
100,144 |
|
|
|
|
|
|
43,902 |
|
109,252 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Amounts owed to related party |
|
4,309 |
|
44,959 |
|
Other taxes and social security costs |
8,133 |
|
2,656 |
|
Other creditors |
35,565 |
|
33,045 |
|
|
|
|
|
|
48,007 |
|
80,660 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Related party transactions |
|
|
Scandex Ltd |
|
|
Intercompany |
|
|
The amount owed by Scandex Ltd at 28 February 2018 is disclosed in note 3 to the financial statements. |
|
|
Justis Publishing Ltd |
|
|
Related party |
|
|
The amount owed by Justis Publishing Ltd at 28 February 2018 is disclosed in note 4 to the financial statements. |
