Action Tours Limited - Accounts to registrar (filleted) - small 18.2

Action Tours Limited - Accounts to registrar (filleted) - small 18.2

ACTION TOURS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v20.3.4.1 02688549 director 1.1.20 31.12.20 31.12.20 5.3.21 true false true false false true false Auditors Opinion Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure026885492019-12-31026885492020-12-31026885492020-01-012020-12-31026885492018-12-31026885492019-01-012019-12-31026885492019-12-3102688549ns16:EnglandWales2020-01-012020-12-3102688549ns15:PoundSterling2020-01-012020-12-3102688549ns11:Director12020-01-012020-12-3102688549ns11:PrivateLimitedCompanyLtd2020-01-012020-12-3102688549ns11:SmallEntities2020-01-012020-12-3102688549ns11:Audited2020-01-012020-12-3102688549ns11:SmallCompaniesRegimeForDirectorsReport2020-01-012020-12-3102688549ns11:SmallCompaniesRegimeForAccounts2020-01-012020-12-3102688549ns11:FullAccounts2020-01-012020-12-3102688549ns11:OrdinaryShareClass12020-01-012020-12-3102688549ns11:RegisteredOffice2020-01-012020-12-3102688549ns6:CurrentFinancialInstruments2020-12-3102688549ns6:CurrentFinancialInstruments2019-12-3102688549ns6:ShareCapital2020-12-3102688549ns6:ShareCapital2019-12-3102688549ns6:RetainedEarningsAccumulatedLosses2020-12-3102688549ns6:RetainedEarningsAccumulatedLosses2019-12-3102688549ns6:PlantMachinery2020-01-012020-12-3102688549ns6:PlantMachinery2019-12-3102688549ns6:PlantMachinery2020-12-3102688549ns6:PlantMachinery2019-12-3102688549ns6:CostValuation2019-12-3102688549ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-12-3102688549ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-12-3102688549ns11:OrdinaryShareClass12020-12-3102688549ns6:RetainedEarningsAccumulatedLosses2019-12-3102688549ns6:RetainedEarningsAccumulatedLosses2020-01-012020-12-31
REGISTERED NUMBER: 02688549 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

ACTION TOURS LIMITED
ACTION TOURS LIMITED (REGISTERED NUMBER: 02688549)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACTION TOURS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2020







DIRECTOR: M P O'Donoghue





REGISTERED OFFICE: 5 Aston Street
Shifnal
Shropshire
TF11 8DW





REGISTERED NUMBER: 02688549 (England and Wales)





AUDITORS: P W John & Co
Pareto Analysis Limited
Parkview
23 Wadham Street
Weston-super-Mare
Somerset
BS23 1JZ
1
ACTION TOURS LIMITED (REGISTERED NUMBER: 02688549)

BALANCE SHEET
31 December 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,361 22,201
Investments 5 100 100
21,461 22,301

CURRENT ASSETS
Debtors 6 1,159,865 491,865
Cash at bank and in hand 1,818,792 2,748,296
2,978,657 3,240,161
CREDITORS
Amounts falling due within one year 7 97,053 137,777
NET CURRENT ASSETS 2,881,604 3,102,384
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,903,065
3,124,685

CAPITAL AND RESERVES
Called up share capital 8 1,100 1,100
Retained earnings 9 2,901,965 3,123,585
SHAREHOLDERS' FUNDS 2,903,065 3,124,685

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 director and authorised for issue on 4 March 2021 and were signed by:





M P O'Donoghue - Director


The notes form part of these financial statements

2
ACTION TOURS LIMITED (REGISTERED NUMBER: 02688549)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2020

1. STATUTORY INFORMATION

Action Tours Limited 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 amounts receivable for goods and services net of VAT and trade discounts.

Turnover is recognised on the date the tour commences.

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 etc - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2019 - 11 ) .

3
ACTION TOURS LIMITED (REGISTERED NUMBER: 02688549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2020 128,590
Additions 7,508
At 31 December 2020 136,098
DEPRECIATION
At 1 January 2020 106,389
Charge for year 8,348
At 31 December 2020 114,737
NET BOOK VALUE
At 31 December 2020 21,361
At 31 December 2019 22,201

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2020
and 31 December 2020 100
NET BOOK VALUE
At 31 December 2020 100
At 31 December 2019 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors - 380
Amounts owed by group undertakings 1,080,395 380,395
Other debtors 79,470 111,090
1,159,865 491,865

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Amounts owed to group undertakings 100 100
Taxation and social security - 7,108
Other creditors 96,953 130,569
97,053 137,777

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
1,100 Ordinary shares £1 1,100 1,100

4
ACTION TOURS LIMITED (REGISTERED NUMBER: 02688549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2020

9. RESERVES
Retained
earnings
£   

At 1 January 2020 3,123,585
Deficit for the year (221,620 )
At 31 December 2020 2,901,965

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul William John (Senior Statutory Auditor)
for and on behalf of P W John & Co

11. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption conferred by s33.1A of Financial Reporting Standard 102 from the requirements to make disclosures concerning transactions entered into with related parties.

The company paid rent of £30,000 (2019: £29,500) to Traverts LLP, an LLP under common ownership, during the year.

12. ULTIMATE CONTROLLING PARTY

The immediate parent company is AON Travel Limited, a company registered in England and Wales. The ultimate controlling party is Travan Services Limited, a company incorporated in the Isle of Man, by virtue of its ownership of AON Travel Limited.

5