REGISTERED NUMBER: 06480292 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

A & G CARAVANS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Fell

J A Fell

SECRETARY:

J A Fell

REGISTERED OFFICE:

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

REGISTERED NUMBER:

06480292 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

BANKERS:

Yorkshire Bank

28 Queen Street

Bridlington

East Yorkshire

YO15 2SW

FIXED ASSETS

Intangible assets

2

36,000

39,000

Tangible assets

3

40,194

37,048

76,194

76,048

CURRENT ASSETS

Stocks

47,288

52,381

Debtors

24,222

31,713

Cash at bank and in hand

29,697

2,138

101,207

86,232

CREDITORS

Amounts falling due within one year

4

113,825

106,104

NET CURRENT LIABILITIES

(12,618

)

(19,872

)

TOTAL ASSETS LESS CURRENT LIABILITIES

63,576

56,176

CREDITORS

Amounts falling due after more than one year

4

(16,625

)

(10,719

)

PROVISIONS FOR LIABILITIES

(8,039

)

(6,733

)

NET ASSETS

38,912

38,724

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

38,812

38,624

SHAREHOLDERS' FUNDS

38,912

38,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 July 2016 and were signed on its behalf by:

M Fell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 29 February 2016

60,000

AMORTISATION

At 1 March 2015

21,000

Amortisation for year

3,000

At 29 February 2016

24,000

NET BOOK VALUE

At 29 February 2016

36,000

At 28 February 2015

39,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

65,985

Additions

19,614

Disposals

(11,450

)

At 29 February 2016

74,149

DEPRECIATION

At 1 March 2015

28,937

Charge for year

12,845

Eliminated on disposal

(7,827

)

At 29 February 2016

33,955

NET BOOK VALUE

At 29 February 2016

40,194

At 28 February 2015

37,048

4.

CREDITORS

Creditors include an amount of £ 26,622 (28.2.15 - £ 16,849 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

28.2.15

value:

£

£

100

Ordinary

£1

100

100