Auld Reekie Tours Ltd,Ltd - AccountsLtd - Accounts

Auld Reekie Tours Ltd,Ltd - AccountsLtd - Accounts


2016-04-01 SC434404 2017-03-31 SC434404 2016-04-01 2017-03-31 SC434404 2016-03-31 SC434404 2015-04-01 2016-03-31 SC434404 uk-core:WithinOneYear 2016-03-31 SC434404 uk-core:WithinOneYear 2017-03-31 SC434404 uk-core:ShareCapital 2017-03-31 SC434404 uk-core:ShareCapital 2016-03-31 SC434404 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 SC434404 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 SC434404 uk-bus:Director1 2016-04-01 2017-03-31 SC434404 uk-core:NetGoodwill 2016-04-01 2017-03-31 SC434404 uk-core:PlantMachinery 2016-04-01 2017-03-31 SC434404 uk-core:Goodwill 2016-03-31 SC434404 uk-core:Goodwill 2017-03-31 SC434404 uk-core:Goodwill 2016-04-01 2017-03-31 iso4217:GBP SC434404 uk-bus:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 SC434404 uk-bus:FRS102 2016-04-01 2017-03-31 SC434404 uk-bus:FullAccounts 2016-04-01 2017-03-31 SC434404 uk-bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31
Auld Reekie Tours Ltd
Registered Number:SC434404
For the year ended 31 March 2017
Scotland
Unaudited Financial Statements
2
As at 31 March 2017
Auld Reekie Tours Ltd
Statement of Financial Position
Registered Number :
SC434404
£
£
2016
2017
Notes
Fixed assets
Intangible assets
1,167
3,167
2
Property, plant and equipment
757
1,010
3
1,924
4,177
Current assets
Trade and other receivables
43,398
76,033
4
7,700
Cash and cash equivalents
12,303
88,336
51,098
Trade and other payables: amounts falling due within one
year
(74,225)
(96,992)
5
(23,127)
(8,656)
Net current liabilities
Total assets less current liabilities
(6,732)
(18,950)
(6,732)
Net liabilities
(18,950)
Capital and reserves
Called up share capital
10
10
Retained earnings
(6,742)
(18,960)
(6,732)
(18,950)
Shareholders' funds
For the year ended 31 March 2017 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 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.
Mr Ian Wilson McKain Director
These financial statements were approved and authorised for issue by the Board on 29 December 2017 and were signed by:
The notes form part of these financial statements
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3
For the year ended 31 March 2017
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.
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.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2016
10,000
At 31 March 2017
10,000
Amortisation
At 01 April 2016
6,833
2,000
Charge for year
At 31 March 2017
8,833
Net book value
At 31 March 2017
1,167
At 31 March 2016
3,167
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4
For the year ended 31 March 2017
Auld Reekie Tours Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment
Plant and
machinery
£
Cost or
valuation
At 01 April 2016
1,956
At 31 March 2017
1,956
Provision for depreciation and impairment
At 01 April 2016
946
Charge for year
253
At 31 March 2017
1,199
At 31 March 2017
Net book value
757
At 31 March 2016
1,010
4. Trade and other receivables
2016
2017
£
£
Trade debtors
74,703
41,068
Other debtors
1,330
2,330
43,398
76,033
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Taxation and social security
24,930
23,516
Other creditors
72,062
50,709
96,992
74,225
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