Cedarberg Travel Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02981718 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2019

for

CEDARBERG TRAVEL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K S Bergh

Mrs V C Russell

SECRETARY:

Mrs V C Russell

REGISTERED OFFICE:

Long Cottage

King Henry's Road

Lewes

BN7 1BU

REGISTERED NUMBER:

02981718 (England and Wales)

ACCOUNTANTS:

SKS Business Services Ltd

3 Sheen Road

Richmond Upon Thames

Surrey

TW9 1AD

FIXED ASSETS

Property, plant and equipment

4

13,364

16,868

CURRENT ASSETS

Debtors

5

247,729

221,567

Cash at bank and in hand

374,325

335,875

622,054

557,442

CREDITORS

Amounts falling due within one year

6

(565,857

)

(535,919

)

NET CURRENT ASSETS

56,197

21,523

TOTAL ASSETS LESS CURRENT LIABILITIES

69,561

38,391

PROVISIONS FOR LIABILITIES

7

-

(430

)

NET ASSETS

69,561

37,961

CAPITAL AND RESERVES

Called up share capital

8

50,000

50,000

Retained earnings

9

19,561

(12,039

)

SHAREHOLDERS' FUNDS

69,561

37,961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 29 January 2020 and were signed on its behalf by:

Mrs V C Russell - Director

1.	STATUTORY INFORMATION

Cedarberg Travel Ltd 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 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 represents net invoiced sales of goods, excluding value added tax.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

Deferred tax

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

sheet date.

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 - 33% on reducing balance

Fixtures and fittings - 20% on reducing balance

Computer equipment - 40% on reducing balance

Motor Vehicle - 20% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 6 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2018

and 30 September 2019

18,799

71,605

16,844

5,621

112,869

DEPRECIATION

At 1 October 2018

18,669

68,911

3,369

5,052

96,001

Charge for year

43

539

2,695

227

3,504

At 30 September 2019

18,712

69,450

6,064

5,279

99,505

NET BOOK VALUE

At 30 September 2019

87

2,155

10,780

342

13,364

At 30 September 2018

130

2,694

13,475

569

16,868

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade debtors

224,581

196,750

Other debtors

1,860

-

Marketable Securities

13,801

9,162

VAT

2,869

7,145

Prepayments and accrued income

4,618

8,510

247,729

221,567

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade creditors

532,535

502,720

Director account

30,699

30,699

Accruals

2,623

2,500

565,857

535,919

7.	PROVISIONS FOR LIABILITIES

30.9.19

30.9.18

£

£

Deferred tax

-

430

Deferred

tax

£

Balance at 1 October 2018

430

Credit to Income Statement during year

(430

)

Balance at 30 September 2019

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.19

30.9.18

value:

£

£

50,000

Ordinary

1

50,000

50,000

Authorized share capital:

30.9 2019

30.9.2018

100,000 ordinary shares of £1 each

100,000

100,000

9.

RESERVES

Retained

earnings

£

At 1 October 2018

(12,039

)

Profit for the year

31,600

At 30 September 2019

19,561

10.	RELATED PARTY DISCLOSURES

The company was under the control of Mrs Kate Bergh throughout the current and previous year who has majority

shareholding.

During the year purchases of £302,870 (2018: £391,989) were made from Cedarberg Travel CC (South Africa), a

company in which Mrs V C Russell is a director and a shareholder. Year end balance payable as on 30.09.2019 is

£142,574 (2018:- £550).

During the year sales of Nil (2018: £2,019) were made to Cedarberg Travel SA, a company in which Mrs V C

Russell is a director and a shareholder. Year end balance as on 30.09.2019 is NIL (2018: NIL).

During the year, transactions has been made with AITO Promotions Limited, in which Mrs V C Russell is a common

director.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K S Bergh.