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AULD REEKIE TOURS LIMITED - Company Information

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Auld Reekie Tours Ltd

Registered Number:SC434404

For the year ended 31 March 2018

Scotland

Unaudited Financial Statements

As at 31 March 2018

Auld Reekie Tours Ltd

Statement of Financial Position

Registered Number :

SC434404

2017

2018

Notes

Fixed assets

Intangible assets

1,167

Property, plant and equipment

2,012

757

2,012

1,924

Current assets

Trade and other receivables

76,033

39,379

12,303

Cash and cash equivalents

43,644

83,023

88,336

Trade and other payables: amounts falling due within one

year

(96,992)

(73,553)

(8,656)

9,470

Net current assets

Total assets less current liabilities

11,482

(6,732)

11,482

Net assets/liabilities

(6,732)

Capital and reserves

Called up share capital

Retained earnings

11,472

(6,742)

11,482

(6,732)

Shareholders' funds

For the year ended 31 March 2018 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 of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of

each financial year and of its profit or loss for each financial year in accordance with the requirements of Section

394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial

statements, so far as applicable to the company.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

Mr Ian Wilson McKain Director

These financial statements were approved and authorised for issue by the Board on 14 March 2019 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2018

Auld Reekie Tours Ltd

Notes to the Financial Statements

Statutory Information

Auld Reekie Tours Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number

SC434404.

Registered address:

45 Niddry Street

Edinburgh

EH1 1LG

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Significant judgements and estimates

The prepararation of the financial statements requires management to make judgements, estimates and assumptions that affect the amount reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of 5 years.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

25% Reducing balance

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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For the year ended 31 March 2018

Auld Reekie Tours Ltd

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 April 2017

10,000

At 31 March 2018

10,000

Amortisation

At 01 April 2017

8,833

1,167

Charge for year

At 31 March 2018

10,000

Net book value

At 31 March 2018

At 31 March 2017

1,167

3. Property, plant and equipment

Plant and

machinery

Cost or

valuation

At 01 April 2017

1,956

2,196

Additions

Disposals

(949)

At 31 March 2018

3,203

Provision for depreciation and impairment

At 01 April 2017

1,199

Charge for year

671

(679)

On disposal

At 31 March 2018

1,191

At 31 March 2018

Net book value

2,012

At 31 March 2017

757

4. Trade and other receivables

2017

2018

Trade debtors

38,259

74,703

Other debtors

1,120

1,330

76,033

39,379

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For the year ended 31 March 2018

Auld Reekie Tours Ltd

Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due within one year

2017

2018

Taxation and social security

27,498

24,930

Other creditors

46,055

72,062

73,553

96,992

6. Average number of persons employed

During the year the average number of employees was 5 (2017 : 5)

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