Abbotts Travel (Sleaford) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06319781 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Abbotts Travel (Sleaford) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr G W Abbott

Mrs T Abbott

SECRETARY:

Mrs T Abbott

REGISTERED OFFICE:

5 Larch Way

Sleaford

Lincolnshire

NG34 7UG

REGISTERED NUMBER:

06319781 (England and Wales)

ACCOUNTANTS:

Prestige Accounting Limited T/A Simon Moss & Co

The Finance Centre

34a Southgate

Sleaford

Lincolnshire

NG34 7RY

CURRENT ASSETS

Debtors

4

8,285

8,335

CREDITORS

Amounts falling due within one year

5

6,661

5,339

NET CURRENT ASSETS

1,624

2,996

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,624

2,996

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

1,622

2,994

SHAREHOLDERS' FUNDS

1,624

2,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

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 directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 December 2017 and were signed on its behalf
by:

Mr G W Abbott - Director

1.	STATUTORY INFORMATION

Abbotts Travel (Sleaford) 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 the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

25% on 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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

554

DEPRECIATION

At 1 April 2016

and 31 March 2017

554

NET BOOK VALUE

At 31 March 2017

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Other debtors

8,285

8,335

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Bank loans and overdrafts

1,007

1,922

Taxation and social security

354

917

Other creditors

5,300

2,500

6,661

5,339

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2017 and

31 March 2016:

31.3.17

31.3.16

£

Mr G W Abbott and Mrs T Abbott

Balance outstanding at start of year

2,825

-

Amounts advanced

259

2,825

Amounts repaid

(2,950

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

134

2,825

7.	FIRST YEAR ADOPTION

These financial statements for the year ended 31 March 2017 are the first financial statements that comply with

FRS 102 Section 1A for small entities. The transition to FRS 102 Section 1A for small entities has not resulted in

any changes to accounting policies or shareholder's funds at the transition date of 1 April 2015.