CARAVAN TOURS & TRAVEL LIMITED - Abbreviated accounts

CARAVAN TOURS & TRAVEL LTD - Company Information

Registered number

07975087

CARAVAN TOURS & TRAVEL LIMITED

Abbreviated Accounts

31 March 2016

CARAVAN TOURS & TRAVEL LIMITED
Registered number:		07975087
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		10,419			10,573

Current assets
Debtors		30,274			36,041
Cash at bank and in hand		52,034			10,436
		82,308			46,477

Creditors: amounts falling due within one year		(43,648)			(12,647)

Net current assets			38,660			33,830

Net assets			49,079			44,403

Capital and reserves
Called up share capital	3		40,000			40,000
Profit and loss account			9,079			4,403

Shareholders' funds			49,079			44,403

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



MR IRFAN AHMED
Director
Approved by the board on 20 June 2016

CARAVAN TOURS & TRAVEL LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			10% on written down value

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					16,400
	Additions					1,684
	At 31 March 2016					18,084

	Depreciation
	At 1 April 2015					5,827
	Charge for the year					1,838
	At 31 March 2016					7,665

	Net book value
	At 31 March 2016					10,419
	At 31 March 2015					10,573


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		40,000		40,000		40,000

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		40,000		-