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AULD REEKIE TOURS LIMITED - Company Information

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Auld Reekie Tours Ltd

Registered Number:SC434404

For the year ended 31 March 2020

Scotland

Unaudited Financial Statements

Registered Number :

SC434404

As at 31 March 2020

Auld Reekie Tours Ltd

Statement of Financial Position

2019

2020

Notes

Fixed assets

Property, plant and equipment

3,463

3,095

3,463

3,095

Current assets

Trade and other receivables

36,410

9,731

32,025

Cash and cash equivalents

78,192

87,923

68,435

Trade and other payables: amounts falling due within one

year

(63,334)

(49,801)

5,101

38,122

Net current assets

Total assets less current liabilities

41,585

8,196

41,585

Net assets

8,196

Capital and reserves

Called up share capital

Retained earnings

41,575

8,186

41,585

8,196

Shareholders' funds

For the year ended 31 March 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr Ian Wilson McKain Director

These financial statements were approved and authorised for issue by the Board on 17 February 2021 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2020

Auld Reekie Tours Ltd

Notes to the Financial Statements

Statutory Information

Auld Reekie Tours Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number

SC434404.

Registered address:

45 Niddry Street

Edinburgh

EH1 1LG

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Significant judgements and estimates

The prepararation of the financial statements requires management to make judgements, estimates and assumptions that affect the amount reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of 5 years.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

25% Reducing balance

Hire purchase and leasing commitments

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

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For the year ended 31 March 2020

Auld Reekie Tours Ltd

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 April 2019

10,000

At 31 March 2020

10,000

Amortisation

At 01 April 2019

10,000

At 31 March 2020

10,000

Net book value

At 31 March 2020

At 31 March 2019

3. Property, plant and equipment

Plant and

machinery

Cost or

valuation

At 01 April 2019

5,317

1,523

Additions

At 31 March 2020

6,840

Provision for depreciation and impairment

At 01 April 2019

2,222

Charge for year

1,155

At 31 March 2020

3,377

At 31 March 2020

Net book value

3,463

At 31 March 2019

3,095

4. Trade and other receivables

2019

2020

Trade debtors

7,643

30,942

Other debtors

2,088

5,468

36,410

9,731

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For the year ended 31 March 2020

Auld Reekie Tours Ltd

Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due within one year

2019

2020

Taxation and social security

28,414

15,677

Other creditors

21,387

47,657

49,801

63,334

6. Average number of persons employed

During the year the average number of employees was 4 (2019 : 5)

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