Caravanwise Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03560388 (England and Wales)

Abbreviated Accounts for the Year Ended 31 May 2015

for

Caravanwise Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P A Holden

SECRETARY:

K E Holden

REGISTERED OFFICE:

Ashfield

Kirkby Moor Road

Kirkby Malzeard

Ripon

North Yorkshire

HG4 3BY

REGISTERED NUMBER:

03560388 (England and Wales)

ACCOUNTANTS:

Inspire Solutions Limited

Victoria Building

14 Elwin Lane

Darlington

Co. Durham

DL1 5RX

FIXED ASSETS

Tangible assets

2

18,826

24,046

CURRENT ASSETS

Stocks

1,263

814

Debtors

5,610

35,612

Cash at bank

425,950

426,344

432,823

462,770

CREDITORS

Amounts falling due within one year

143,596

174,085

NET CURRENT ASSETS

289,227

288,685

TOTAL ASSETS LESS CURRENT LIABILITIES

308,053

312,731

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

307,953

312,631

SHAREHOLDERS' FUNDS

308,053

312,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 8 July 2015 and were signed by:

P A Holden - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Commissions receivable and other sales

Turnover represents commission earned from insurance companies and fees which are taken into credit on

insurance inception date.

Any commissions returned to the insurer due to adjustments to policies mid term or commissions earned due to

additional premiums are taken into account on the day that these transactions occur.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

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.

Insurance debtors and creditors

The company has agency agreements with insurance companies that hae accepted risk transfer which means that

no client money is held by Caravanwise Limited. All payments received on behalf of insurance companies and

any fee payments received are retained ins segregated bank accounts and are held for the respective insurance

companies.

Caravanwise Limited is entitled to retain investment income from these accounts.

The company shows balances held in segregated accounts as a current asset of the company and the net amount

of this due to the insurance companies as a current liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

117,020

Additions

1,055

At 31 May 2015

118,075

DEPRECIATION

At 1 June 2014

92,974

Charge for year

6,275

At 31 May 2015

99,249

NET BOOK VALUE

At 31 May 2015

18,826

At 31 May 2014

24,046

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

100

Ordinary

£1

100

100