CALVERLEY_TRAVEL_LIMITED - Accounts

CALVERLEY TRAVEL LIMITED - Company Information

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Company Registration No. 02222791 (England and Wales)

CALVERLEY TRAVEL LIMITED

(TRADING AS PETTITTS)

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

CALVERLEY TRAVEL LIMITED

(TRADING AS PETTITTS)

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

CALVERLEY TRAVEL LIMITED

(TRADING AS PETTITTS)

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2016

- 1 -

2016

2015

Notes

Current assets

Debtors

6,563

20,101

Cash at bank and in hand

9,682

93,230

16,245

113,331

Creditors: amounts falling due within one year

(12,020)

(102,535)

Total assets less current liabilities

4,225

10,796

Capital and reserves

Called up share capital

50,000

Profit and loss account

(45,775)

(39,204)

Shareholders' funds

4,225

10,796

For the financial year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 6 June 2016

Mr N. R. Berry

Director

Company Registration No. 02222791

CALVERLEY TRAVEL LIMITED

(TRADING AS PETTITTS)

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of VAT and trade discounts.

Turnover is recognised by reference to the date of departure.

1.4

Foreign currency translation

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

1.5

Prior period adjustment

A prior period adjustment was made in the preceding period to correct a brought forward difference on trade creditors. The difference had built up over a number of years due to errors on reconciling the control account. The net effect on reserves is £137,401, which reduced shareholders' funds at 31 August 2013 from £114,201 as originally stated to £(23,200) as restated. There is no effect on the prior period result.

Share capital

2016

2015

Allotted, called up and fully paid

50,000 ordinary shares of £1 each

50,000