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Company Registration No. 07331048 (England and Wales)
Skybay Travel Limited Unaudited accounts for the year ended 31 December 2016
Skybay Travel Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Skybay Travel Limited Company Information for the year ended 31 December 2016
Directors
Vizone International Holdings Limited C Mattos
Company Number
07331048 (England and Wales)
Registered Office
Willow Court Beeches Green Stroud GL5 4BJ
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Skybay Travel Limited Statement of financial position as at 31 December 2016
2016 
2015 
Notes
£ 
£ 
Current assets
Debtors
5
(1)
- 
Cash at bank and in hand
2,278 
3,871 
2,277 
3,871 
Creditors: amounts falling due within one year
6
(74,764)
(74,032)
Net current liabilities
(72,487)
(70,161)
Net liabilities
(72,487)
(70,161)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(72,587)
(70,261)
Shareholders' funds
(72,487)
(70,161)
For the year ending 31 December 2016 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 September 2017.
C Mattos Director Company Registration No. 07331048
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Skybay Travel Limited Notes to the Accounts for the year ended 31 December 2016
1
Statutory information
Skybay Travel Limited is a private company, limited by shares, registered in England and Wales, registration number 07331048. The registered office and principal place of business is Willow Court, Beeches Green, Stroud, GL5 4BJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors acknowledge the net liability position at 31 December 2016 and consider the company to be a going concern on the basis that of total creditors due within one year, the sum of £74,670 due to group companies are agreed to be repayable only when the company has sufficient working capital for it to continue trading.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
over 3 years
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2016
389 
At 31 December 2016
389 
Depreciation
At 1 January 2016
389 
At 31 December 2016
389 
Net book value
At 31 December 2016
- 
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Skybay Travel Limited Notes to the Accounts for the year ended 31 December 2016
5
Debtors
2016 
2015 
£ 
£ 
Other debtors
(1)
- 
6
Creditors: amounts falling due within one year
2016 
2015 
£ 
£ 
Amounts owed to group undertakings and other participating interests
74,904 
74,070 
Taxes and social security
(140)
(38)
74,764 
74,032 
7
Transactions with related parties
The amounts are due to / from group companies (there are no fixed terms applicable and no interest payable) and activities between them during the year are summarized below: Vizone International Holdings Limited Amount due to the related party £17,816 (£17,816 - 2015) Vizone International EMEA Limited Amount due to the related party £46,383 (£46,383 - 2015) Mdzone Limited Amount due to the related party £10,748 (£9,915 - 2015) Appandpin Limited Amount due from the related party £44 (£44 - 2015)
8
Controlling party
The ultimate controlling party is the parent company, Vizone International Holdings Limited, registered in Malta number C49858, registered office 61 First Floor, Msida Court, Msida Seafront, Msida, Malta, Malta, MSD9043.
9
Average number of employees
During the year the average number of employees was 0 (2015: 0).
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