| Kicking Horse Powder Tours Limited |
| Registered number: |
07845796 |
| Balance Sheet |
| as at 31 October 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Current assets |
| Debtors |
2 |
|
29,524 |
|
|
13,563 |
| Cash at bank and in hand |
|
|
10,887 |
|
|
10,297 |
|
|
|
40,411 |
|
|
23,860 |
|
| Creditors: amounts falling due within one year |
3 |
|
(114,513) |
|
|
(90,663) |
|
| Net current liabilities |
|
|
|
(74,102) |
|
|
(66,803) |
|
| Net liabilities |
|
|
|
(74,102) |
|
|
(66,803) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
(74,103) |
|
|
(66,804) |
|
| Shareholder's funds |
|
|
|
(74,102) |
|
|
(66,803) |
|
|
|
|
|
|
|
|
| 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| R G Barker |
| Director |
| Approved by the board on 24 July 2018 |
|
| Kicking Horse Powder Tours Limited |
| Notes to the Accounts |
| for the year ended 31 October 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Going concern basis |
|
The accounts have been prepared on the going concern basis, based upon the continuing financial support of the director, R G Barker. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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 according to the date when the services are provided. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. 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. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
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. Current and deferred tax assets and liabilities are not discounted. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
| 2 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade debtors |
16,610 |
|
8,543 |
|
Other debtors |
12,914 |
|
5,020 |
|
|
|
|
|
|
29,524 |
|
13,563 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade creditors |
7,933 |
|
2,088 |
|
Revenue received in advance |
25,712 |
|
15,096 |
|
Director's current account |
79,318 |
|
72,579 |
|
Other creditors |
1,550 |
|
900 |
|
|
|
|
|
|
114,513 |
|
90,663 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Controlling party |
|
|
R G Barker, the director and sole shareholder, was the ultimate controlling party for the whole of the current and preceding periods. |
|
|
| 5 |
Other information |
|
|
Kicking Horse Powder Tours Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
139 Maple Road |
|
Horfield |
|
Bristol |
|
BS7 8RF |
