A & A Travel (Sussex) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04553900 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

A & A TRAVEL (SUSSEX) LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

7

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

428,569

297,058

428,569

297,058

CURRENT ASSETS

Debtors

6

175,860

193,512

Cash at bank and in hand

604

2,178

176,464

195,690

CREDITORS

Amounts falling due within one year

7

234,161

259,413

NET CURRENT LIABILITIES

(57,697

)

(63,723

)

TOTAL ASSETS LESS CURRENT LIABILITIES

370,872

233,335

CREDITORS

Amounts falling due after more than one year

8

(178,326

)

(128,240

)

PROVISIONS FOR LIABILITIES

(81,428

)

(56,441

)

NET ASSETS

111,118

48,654

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

111,113

48,649

SHAREHOLDERS' FUNDS

111,118

48,654

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2020 and were signed on its behalf by:

M Young - Director

1.	STATUTORY INFORMATION

A & A Travel (Sussex) Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address are as below:

Registered number:

04553900

Registered office:

Sovereign House

22 Shelley Road

WORTHING

West Sussex

BN11 1TU

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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 27 (2018 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2018

and 31 October 2019

25,000

AMORTISATION

At 1 November 2018

and 31 October 2019

25,000

NET BOOK VALUE

At 31 October 2019

-

At 31 October 2018

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2018

376,184

11,360

63,100

5,654

456,298

Additions

209,718

-

-

-

209,718

Disposals

-

-

(7,000

)

-

(7,000

)

At 31 October 2019

585,902

11,360

56,100

5,654

659,016

DEPRECIATION

At 1 November 2018

96,379

8,302

52,404

2,155

159,240

Charge for year

73,428

765

924

875

75,992

Eliminated on disposal

-

-

(4,785

)

-

(4,785

)

At 31 October 2019

169,807

9,067

48,543

3,030

230,447

NET BOOK VALUE

At 31 October 2019

416,095

2,293

7,557

2,624

428,569

At 31 October 2018

279,805

3,058

10,696

3,499

297,058

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

157,391

149,839

Other debtors

18,469

43,673

175,860

193,512

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

82,983

76,843

Hire purchase contracts

83,730

71,750

Trade creditors

17,602

81,242

Taxation and social security

24,382

7,746

Other creditors

25,464

21,832

234,161

259,413

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

178,326

128,240

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2019 and

31 October 2018:

2019

2018

£

£

M Young

Balance outstanding at start of year

43,615

-

Amounts advanced

8,100

106,945

Amounts repaid

(36,165

)

(63,330

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,550

43,615

N P Young

Balance outstanding at start of year

-

-

Amounts advanced

7,397

-

Amounts repaid

(7,397

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of A & A Travel (Sussex) Limited for the year ended 31 October 2019 which comprise the

Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of A & A Travel (Sussex) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & A Travel (Sussex) Limited and state those matters that we have agreed to state to the Board of Directors of A & A Travel (Sussex) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A & A Travel (Sussex) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A & A Travel (Sussex) Limited. You consider that A & A Travel (Sussex) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A & A Travel (Sussex) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Monetaire Accountants

Sovereign House

22 Shelley Road

Worthing

West Sussex

BN11 1TU

21 July 2020