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Absolute Luxury Travel Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 30 November 2016

Mansell & Co
Chartered Certified Accountants
5 Ducketts Wharf
South Street
Bishops Stortford
Hertfordshire
CM23 3AR

Absolute Luxury Travel Limited

Contents

Abbreviated Balance Sheet	1
Notes to the Abbreviated Accounts	2 to 3

Absolute Luxury Travel Limited

(Registration number: 04112150)
Abbreviated Balance Sheet as at 30 November 2016

	Note	2016  £	2015  £
Fixed assets
Tangible assets	2	30,140	8,245
Current assets
Debtors		12,352	13,086
Cash at bank and in hand		87,047	101,785
		99,399	114,871
Creditors: Amounts falling due within one year		(103,679)	(100,096)
Net current (liabilities)/assets		(4,280)	14,775
Total assets less current liabilities		25,860	23,020
Accruals and deferred income		(3,713)	(2,891)
Net assets		22,147	20,129
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		22,047	20,029
Shareholders funds		22,147	20,129

For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the director on 20 March 2017

.........................................
Colin Butcher
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Absolute Luxury Travel Limited

Notes to the Abbreviated Accounts

1

Accounting policies

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance basis
Equipment	25% reducing balance basis

2

Fixed assets

	Tangible assets £	Total £
Cost
At 1 December 2015	57,650	57,650
Additions	35,750	35,750
Disposals	(20,675)	(20,675)
At 30 November 2016	72,725	72,725
Depreciation
At 1 December 2015	49,405	49,405
Charge for the year	10,176	10,176
Eliminated on disposals	(16,996)	(16,996)
At 30 November 2016	42,585	42,585
Net book value
At 30 November 2016	30,140	30,140
At 30 November 2015	8,245	8,245

Page 2

Absolute Luxury Travel Limited

Notes to the Abbreviated Accounts

3

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

Page 3