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6 May 2016 2.5.4 limited_company_frs_102_section_1a_v1_0_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBPSC5346492016-05-062017-05-31SC5346492017-05-31SC534649core:WithinOneYear2017-05-31SC534649core:ShareCapital2017-05-31SC534649core:RetainedEarningsAccumulatedLosses2017-05-31SC534649bus:Director12016-05-062017-05-31SC534649bus:RegisteredOffice2016-05-062017-05-31SC53464912016-05-062017-05-31SC534649bus:AuditExempt-NoAccountantsReport2016-05-062017-05-31SC534649bus:PrivateLimitedCompanyLtd2016-05-062017-05-31SC534649bus:SmallEntities2016-05-062017-05-31SC534649bus:FullAccounts2016-05-062017-05-31
Company registration number:
SC534649
Tours Plus English Limited
Unaudited Filleted Financial Statements for the period ended
31 May 2017
Tours Plus English Limited
Statement of Financial Position
31 May 2017
31 May 2017
Note£
Current assets  
Debtors 4
225
 
Cash at bank and in hand
104
 
329
 
Creditors: amounts falling due within one year 5
(805
)
Net current liabilities
(476
)
Total assets less current liabilities (476 )
Capital and reserves  
Called up share capital
100
 
Profit and loss account
(576
)
Shareholders deficit
(476
)
For the period ending
31 May 2017
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
12 July 2017
, and are signed on behalf of the board by:
Laura McKinlay
Director
Company registration number:
SC534649
Tours Plus English Limited
Notes to the Financial Statements
Period ended
31 May 2017

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
17 Young Street
,
Edinburgh
,
EH2 4HU
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Debtors

31 May 2017
£
Trade debtors
225
 

5 Creditors: amounts falling due within one year

31 May 2017
£
Taxation and social security
(144
)
Other creditors
949
 
805