Company registration number SC438622 (Scotland)
ECLIPSE BREAKS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
ECLIPSE BREAKS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
ECLIPSE BREAKS LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2024
31 August 2024
- 1 -
31 August 2024
28 February 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,048
-
0
Current assets
Debtors
4
92,676
41,854
Cash at bank and in hand
441,219
39,297
533,895
81,151
Creditors: amounts falling due within one year
5
(727,864)
(246,832)
Net current liabilities
(193,969)
(165,681)
Total assets less current liabilities
(191,921)
(165,681)
Creditors: amounts falling due after more than one year
6
-
0
(70,271)
Net liabilities
(191,921)
(235,952)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(192,021)
(236,052)
Total equity
(191,921)
(235,952)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 9 April 2025 and are signed on its behalf by:
Mrs C Davidson
Mr K A Miller
Director
Director
Company Registration No. SC438622
ECLIPSE BREAKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

Eclipse Breaks Limited is a private company limited by shares incorporated in Scotland. The registered office is 75 Bothwell Street, Glasgow, United Kingdom, G2 6TS.

1.1
Reporting period

[ FRS 102 3.10 An entity shall present a complete set of financial statements (including comparative information as set out in paragraph 3.14) at least annually. When the end of an entity’s reporting period changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disclose the following: (a) that fact; (b) the reason for using a longer or shorter period; and (c) the fact that comparative amounts presented in the financial statements (including the related notes) are not entirely comparable. ]

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover represents the gross value of the holiday sold, including transport costs, hotel bookings and all other related services excluding value added tax as computed under the tour operators VAT scheme. The full cost of such holidays is included within cost of sales.

 

Turnover from travel bookings is recognised as follows:

 

- Deposits and insurance monies are recognised when received

- Remaining tour balances are recognised in the month prior to departure

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% on cost
ECLIPSE BREAKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
4
4
ECLIPSE BREAKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 4 -
3
Tangible fixed assets
Computers
£
Cost
At 1 March 2023
13,460
Additions
2,120
At 31 August 2024
15,580
Depreciation and impairment
At 1 March 2023
13,460
Depreciation charged in the period
72
At 31 August 2024
13,532
Carrying amount
At 31 August 2024
2,048
At 28 February 2023
-
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
92,676
41,854
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
43,094
50,870
Trade creditors
239,271
69,987
Taxation and social security
39,570
24,467
Other creditors
405,929
101,508
727,864
246,832
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
70,271
ECLIPSE BREAKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2024
- 5 -
7
Related party transactions

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Other related parties
4,750
4,750

 

 

2024
2023
Amounts due from related parties
£
£
Key management personnel
2,091
1,817

 

Other information

The loans have been made on an interest free basis and the repayment terms have not yet been set.

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