Caledonian Golf (Travel) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC089404 (Scotland)

CALEDONIAN GOLF (TRAVEL) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2019

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

52,712

54,463

CURRENT ASSETS

Debtors

5

685,760

606,346

Cash at bank and in hand

1,628,274

1,476,763

2,314,034

2,083,109

CREDITORS

Amounts falling due within one year

6

(929,240

)

(828,520

)

NET CURRENT ASSETS

1,384,794

1,254,589

TOTAL ASSETS LESS CURRENT LIABILITIES

1,437,506

1,309,052

CAPITAL AND RESERVES

Called up share capital

6,000

6,000

Retained earnings

1,431,506

1,303,052

SHAREHOLDERS' FUNDS

1,437,506

1,309,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The 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.

The financial statements were approved by the Board of Directors on 31 December 2019 and were signed on its behalf by:

C R S Dalgleish - Director

1.	STATUTORY INFORMATION

Caledonian Golf (Travel) Limited is a private company, limited by shares , registered in Scotland. The company's

registered number and registered office address are as below:

Registered number:

SC089404

Registered office:

Colquhoun Chambers

2 Colquhoun Street

Helensburgh

Dunbartonshire

G84 8AJ

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the

goods are physically delivered to the customer. Turnover from the supply of services represents the value of

services provided under contracts to the extent that there is a right to consideration and is recorded at the value

of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover

represents the value of the service provided to date based on a proportion of the total contract value. Where

payments are received from customers in advance of services provided, the amounts are recorded as Deferred

Income and included as part of Creditors due within one year.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by

including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is

calculated by reference to the value of work performed to date as a proportion of the total contract value.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Straight line over 50 years

Plant and machinery etc

-

Straight line over 4 to 7 years

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date

of transaction. Exchange differences are taken into account in arriving at the operating result.

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 14 (2018 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2018

102,324

1,532

103,856

Additions

-

435

435

At 31 October 2019

102,324

1,967

104,291

DEPRECIATION

At 1 November 2018

47,892

1,501

49,393

Charge for year

2,046

140

2,186

At 31 October 2019

49,938

1,641

51,579

NET BOOK VALUE

At 31 October 2019

52,386

326

52,712

At 31 October 2018

54,432

31

54,463

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

181,911

35,976

Other debtors

503,849

570,370

685,760

606,346

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

491,887

456,852

Taxation and social security

324,576

273,971

Other creditors

112,777

97,697

929,240

828,520

7.	RELATED PARTY DISCLOSURES

The company's share capital is equally controlled by C R S Dalgleish (director) and G D Dalgleish (director).