Stays Bookings Ltd - Filleted accounts

Registered number

07402398

Stays Bookings Ltd

Filleted Accounts

31 December 2017

Stays Bookings Ltd
Registered number:		07402398
Balance Sheet
as at 31 December 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	2		129			193

Current assets
Debtors	3	16,599			85,464
Cash at bank and in hand		9,356			5,164
		25,955			90,628

Creditors: amounts falling due within one year	4	(12,656)			(80,473)

Net current assets			13,299			10,155

Net assets			13,428			10,348

Capital and reserves
Called up share capital			127			127
Profit and loss account			13,301			10,221

Shareholders' funds			13,428			10,348

The directors are 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 directors acknowledge their 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.




Daniel John Hadden
Director
Approved by the board on 17 December 2018

Stays Bookings Ltd
Notes to the Accounts
for the year ended 31 December 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).

	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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% straight line

	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.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and 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. 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.

	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	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2017				1,489
	At 31 December 2017				1,489

	Depreciation
	At 1 January 2017				1,296
	Charge for the year				64
	At 31 December 2017				1,360

	Net book value
	At 31 December 2017				129
	At 31 December 2016				193


3	Debtors		2017		2016
£				£

	Trade debtors		460		67,567
	Loan - Discovery Holiday Homes Ltd		16,139		16,139
	Other debtors		-		1,758
			16,599		85,464


4	Creditors: amounts falling due within one year		2017		2016
£				£

	Trade creditors		8,079		72,104
	Corporation tax		2,061		2,603
	Other taxes and social security costs		386		216
	Other creditors		2,130		5,550
			12,656		80,473


5	Controlling party

	The company is controlled by the director, Daniel John Hadden who also owns all of the issued shares in the company.


6	Other information

	Stays Bookings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Office 38 Hideaway Workspace
	1 Empire Mews
	Streatham
	London
	SW16 2BF