Registered Number 02083026

ANGELA HOLIDAYS LIMITED

Abbreviated Accounts

31 December 2014

ANGELA HOLIDAYS LIMITED Registered Number 02083026

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 - -
Tangible assets 3 8,076 10,481
8,076 10,481
Current assets
Stocks 43,483 56,230
Debtors 86,357 94,856
Investments 392,034 460,775
Cash at bank and in hand 192,927 144,251
714,801 756,112
Creditors: amounts falling due within one year (513,360) (513,559)
Net current assets (liabilities) 201,441 242,553
Total assets less current liabilities 209,517 253,034
Total net assets (liabilities) 209,517 253,034
Capital and reserves
Called up share capital 4 677 1,000
Share premium account 48,500 48,500
Other reserves 323 -
Profit and loss account 160,017 203,534
Shareholders' funds 209,517 253,034
  • For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2015

And signed on their behalf by:
Mr M J Pressley, Director

ANGELA HOLIDAYS LIMITED Registered Number 02083026

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

Turnover policy
Turnover represents the net value of holiday and other services taken, less refunds, credit notes and discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 20% reducing balance
Motor vehicles - 25% reducing balance

Intangible assets amortisation policy
Amounts paid in connection with goodwill have been fully amortised over prior periods.

Other accounting policies
Current asset investments are stated at cost.

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

Brochure expenditure and tickets are valued at cost and are allocated on the basis of tour departure dates within particular accounting periods.

2 Intangible fixed assets
£
Cost
At 1 January 2014 37,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2014 37,000
Amortisation
At 1 January 2014 37,000
Charge for the year -
On disposals -
At 31 December 2014 37,000
Net book values
At 31 December 2014 0
At 31 December 2013 0
3 Tangible fixed assets
£
Cost
At 1 January 2014 51,457
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2014 51,457
Depreciation
At 1 January 2014 40,976
Charge for the year 2,405
On disposals -
At 31 December 2014 43,381
Net book values
At 31 December 2014 8,076
At 31 December 2013 10,481
4 Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
677 Ordinary shares of £1 each (1,000 shares for 2013) 677 1,000

During September 2014 the company entered into an 'off-market purchase agreement' with Mr C Hearn (a former director) to buy back 323 of his shares for £165,000. Accordingly £323 has been allocated to the capital redemption reserve and the £165,000 charged to the profit and loss account.


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