Company Registration No. 3660990 (England and Wales)
A & T CARAVANS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
A & T CARAVANS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
A & T CARAVANS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
38,052
43,414
Current assets
Stocks
183,000
163,230
Debtors
2,095
2,253
Cash at bank and in hand
119,333
102,687
304,428
268,170
Creditors: amounts falling due within one year
(49,349)
(44,109)
Net current assets
255,079
224,061
Total assets less current liabilities
293,131
267,475
Provisions for liabilities
(5,012)
(6,031)
288,119
261,444
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
288,117
261,442
Shareholders' funds
288,119
261,444
For the financial year ended 30 November 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 16 August 2017
Mr Arthur Francis
Director
Company Registration No. 3660990
A & T CARAVANS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 2 -
1
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 represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
2% on cost
Equipment
25% reducing balance
Fixtures & fittings
25% reducing balance
Motor vehicles
25% reducing balance
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2015
101,668
Additions
3,259
At 30 November 2016
104,927
Depreciation
At 1 December 2015
58,256
Charge for the year
8,619
At 30 November 2016
66,875
Net book value
At 30 November 2016
38,052
At 30 November 2015
43,414
A & T CARAVANS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
4
Related party relationships and transactions
The company was under the control of Mr A W A Francis throughout the period. Mr Francis is the managing director and, together with other close family members controls the issued share capital.
Mr Francis is the managing director and, together with other close family members controls the issued share capital.