Holiday Cloud Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC437800 (Scotland)

Abbreviated Unaudited Accounts

for the Period

28 November 2012 to 31 March 2014

for

Holiday Cloud Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A D Stewart

SECRETARY:

Turcan Connell

REGISTERED OFFICE:

C/o Turcan Connell Princes Exchange

1 Earl Grey Street

Edinburgh

EH3 9EE

REGISTERED NUMBER:

SC437800 (Scotland)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

FIXED ASSETS

Intangible assets

2

3,569

Tangible assets

3

46,767

50,336

CURRENT ASSETS

Debtors

6,109

Cash at bank

10,547

16,656

CREDITORS

Amounts falling due within one year

82,922

NET CURRENT LIABILITIES

(66,266

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(15,930

)

PROVISIONS FOR LIABILITIES

9,353

NET LIABILITIES

(25,283

)

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

(25,284

)

SHAREHOLDERS' FUNDS

(25,283

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 August 2014 and were signed by:

A D Stewart - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared on the going concern basis on the understanding that the director will continue to

financially support the company.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Intangible fixed assets

Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Patents and licences - 5% on cost

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

5% on cost

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those which they are included in the company's accounts. Deferred tax is provided in full on

timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates

that they are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

3,939

At 31 March 2014

3,939

AMORTISATION

Amortisation for period

370

At 31 March 2014

370

NET BOOK VALUE

At 31 March 2014

3,569

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

50,125

At 31 March 2014

50,125

DEPRECIATION

Charge for period

3,358

At 31 March 2014

3,358

NET BOOK VALUE

At 31 March 2014

46,767

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary share capital

£1

1

1 Ordinary share capital share of £1 was allotted and fully paid for cash at par during the period.

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has provided a loan to the company during the year of £81,522.