Abbreviated Company Accounts - TOURMASTER TRAVEL LIMITED

Abbreviated Company Accounts - TOURMASTER TRAVEL LIMITED

TOURMASTER TRAVEL LIMITED - Company Information

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Registered Number 03699388

TOURMASTER TRAVEL LIMITED

Abbreviated Accounts

31 October 2014

TOURMASTER TRAVEL LIMITED Registered Number 03699388

Abbreviated Balance Sheet as at 31 October 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 1,373,559 1,168,274
1,373,559 1,168,274
Current assets
Stocks 69,500 51,000
Debtors 99,018 131,713
Cash at bank and in hand 43,699 6,329
212,217 189,042
Creditors: amounts falling due within one year 3 (385,683) (311,763)
Net current assets (liabilities) (173,466) (122,721)
Total assets less current liabilities 1,200,093 1,045,553
Creditors: amounts falling due after more than one year 3 (666,065) (508,267)
Provisions for liabilities (144,607) (133,228)
Total net assets (liabilities) 389,421 404,058
Capital and reserves
Called up share capital 4 1 1
Profit and loss account 389,420 404,057
Shareholders' funds 389,421 404,058
  • For the year ending 31 October 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 6 March 2015

And signed on their behalf by:
John Cooper, Director

TOURMASTER TRAVEL LIMITED Registered Number 03699388

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery - 15% reducing balance
Computer equipment - 15% reducing balance
Fixtures, fittings and equipment - 15% reducing balance
Motor vehicles - 10%/25% reducing balance

Other accounting policies
Leasing and hire purchase commitments - Assets obtained under hire purchase contracts and finance leases are capitalised as tangible asstes and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss acount so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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

Stock - Stock is va;ued at the lower of cost and realisable value.

2Tangible fixed assets
£
Cost
At 1 November 2013 2,019,390
Additions 490,155
Disposals (250,074)
Revaluations -
Transfers -
At 31 October 2014 2,259,471
Depreciation
At 1 November 2013 851,116
Charge for the year 148,858
On disposals (114,062)
At 31 October 2014 885,912
Net book values
At 31 October 2014 1,373,559
At 31 October 2013 1,168,274
3Creditors
2014
£		 2013
£
Secured Debts 752,098 539,079
4Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
1 Ordinary shares of £1 each 1 1