Action Tours Limited - Accounts to registrar (filleted) - small 18.2

Action Tours Limited - Accounts to registrar (filleted) - small 18.2

ACTION TOURS LIMITED - Company Information

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REGISTERED NUMBER: 02688549 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

ACTION TOURS LIMITED
ACTION TOURS LIMITED (REGISTERED NUMBER: 02688549)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACTION TOURS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2018







DIRECTOR: M P O'Donoghue





REGISTERED OFFICE: 5 Aston Street
Shifnal
Shropshire
TF11 8DW





REGISTERED NUMBER: 02688549 (England and Wales)





AUDITORS: P W John & Co
Parkview
23 Wadham Street
Weston-super-Mare
Somerset
BS23 1JZ
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ACTION TOURS LIMITED (REGISTERED NUMBER: 02688549)

BALANCE SHEET
31 December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,173 30,241
Investments 5 100 100
26,273 30,341

CURRENT ASSETS
Debtors 6 473,975 509,129
Cash at bank and in hand 2,453,861 2,102,622
2,927,836 2,611,751
CREDITORS
Amounts falling due within one year 7 160,432 197,357
NET CURRENT ASSETS 2,767,404 2,414,394
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,793,677
2,444,735

CAPITAL AND RESERVES
Called up share capital 8 1,100 1,100
Retained earnings 9 2,792,577 2,443,635
SHAREHOLDERS' FUNDS 2,793,677 2,444,735

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 15 March 2019 and were signed by:





M P O'Donoghue - Director


The notes form part of these financial statements

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ACTION TOURS LIMITED (REGISTERED NUMBER: 02688549)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2018

1. STATUTORY INFORMATION

Action Tours Limited is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Turnover is recognised on the date the tour commences.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that
it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted
or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2017 - 9 ) .

3
ACTION TOURS LIMITED (REGISTERED NUMBER: 02688549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2018
and 31 December 2018 128,590
DEPRECIATION
At 1 January 2018 98,349
Charge for year 4,068
At 31 December 2018 102,417
NET BOOK VALUE
At 31 December 2018 26,173
At 31 December 2017 30,241

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2018
and 31 December 2018 100
NET BOOK VALUE
At 31 December 2018 100
At 31 December 2017 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors - 8,022
Amounts owed by group undertakings 380,395 400,395
Other debtors 93,580 100,712
473,975 509,129

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed to group undertakings 100 100
Taxation and social security 34,669 65,704
Other creditors 125,663 131,553
160,432 197,357

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
1,100 Ordinary shares £1 1,100 1,100

4
ACTION TOURS LIMITED (REGISTERED NUMBER: 02688549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2018

9. RESERVES
Retained
earnings
£   

At 1 January 2018 2,443,635
Profit for the year 448,942
Dividends (100,000 )
At 31 December 2018 2,792,577

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul William John (Senior Statutory Auditor)
for and on behalf of P W John & Co

11. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption conferred by s33.1A of Financial Reporting Standard 102 from the
requirements to make disclosures concerning transactions entered into with related parties.

The company paid rent of £29,500 (2017: £28,500) to Traverts LLP, an LLP under common ownership, during the year.

12. ULTIMATE CONTROLLING PARTY

The immediate parent company is AON Travel Limited, a company registered in England and Wales. The ultimate
controlling party is Travan Services Limited, a company incorporated in the Isle of Man, by virtue of its ownership of AON
Travel Limited.

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