Kicking Horse Powder Tours Limited - Filleted accounts

Kicking Horse Powder Tours Limited - Filleted accounts


Registered number
07845796
Kicking Horse Powder Tours Limited
Unaudited Filleted Accounts
31 October 2016
Redland Business Consultancy Limited
Chartered Accountants
Bristol
Kicking Horse Powder Tours Limited
Registered number: 07845796
Balance Sheet
as at 31 October 2016
Notes 2016 2015
£ £
Current assets
Debtors 2 13,563 2,728
Cash at bank and in hand 10,297 7,995
23,860 10,723
Creditors: amounts falling due within one year 3 (90,663) (63,395)
Net current liabilities (66,803) (52,672)
Net liabilities (66,803) (52,672)
Capital and reserves
Called up share capital 1 1
Profit and loss account (66,804) (52,673)
Shareholder's funds (66,803) (52,672)
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 22 June 2018
Kicking Horse Powder Tours Limited
Notes to the Accounts
for the year ended 31 October 2016
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 continung 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 2016 2015
£ £
Trade debtors 8,543 -
Other debtors 5,020 2,728
13,563 2,728
3 Creditors: amounts falling due within one year 2016 2015
£ £
Trade creditors 2,088 4,139
Revenue received in advance 15,096 2,700
Director's current account 72,579 55,706
Other creditors 900 850
90,663 63,395
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
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