REGISTERED NUMBER: 05100204 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Action Outdoors Holidays Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Robertson

REGISTERED OFFICE:

6 Langdale Close

Old Felixstowe

Suffolk

IP11 9SR

REGISTERED NUMBER:

05100204 (England and Wales)

ACCOUNTANTS:

Eggleston Wiley LLP

20 Anchor Terrace

3-13 Southwark Bridge Road

London

SE1 9HQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

164,488

195,264

164,488

195,264

CURRENT ASSETS

Debtors

6

186,579

231,103

Prepayments and accrued income

1,658

-

Cash at bank

2,069,934

1,436,930

2,258,171

1,668,033

CREDITORS

Amounts falling due within one year

7

1,041,237

862,558

NET CURRENT ASSETS

1,216,934

805,475

TOTAL ASSETS LESS CURRENT LIABILITIES

1,381,422

1,000,739

PROVISIONS FOR LIABILITIES

31,553

38,981

NET ASSETS

1,349,869

961,758

CAPITAL AND RESERVES

Called up share capital

35,000

35,000

Retained earnings

1,314,869

926,758

SHAREHOLDERS' FUNDS

1,349,869

961,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 23 October 2018 and were signed by:

D Robertson - Director

1.	STATUTORY INFORMATION

Action Outdoors Holidays 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 represents net amounts invoiced for both commissions on and full payments of holidays with a

departure date in the accounting period, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

Straight line over 10 years

Fixtures and fittings

-

15% on reducing balance, Straight line over 4 years and Straight line over 3 years

Motor vehicles

-

Straight line over 3 years

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2017

and 30 April 2018

5,000

AMORTISATION

At 1 May 2017

and 30 April 2018

5,000

NET BOOK VALUE

At 30 April 2018

-

At 30 April 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 May 2017

260,907

6,845

66,961

334,713

Additions

5,120

-

-

5,120

Disposals

-

(3,902

)

-

(3,902

)

At 30 April 2018

266,027

2,943

66,961

335,931

DEPRECIATION

At 1 May 2017

76,948

4,583

57,918

139,449

Charge for year

25,276

-

9,043

34,319

Eliminated on disposal

-

(2,325

)

-

(2,325

)

At 30 April 2018

102,224

2,258

66,961

171,443

NET BOOK VALUE

At 30 April 2018

163,803

685

-

164,488

At 30 April 2017

183,959

2,262

9,043

195,264

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade debtors

60,213

102,566

Other debtors

126,366

128,537

186,579

231,103

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade creditors

6,035

2,489

Taxation and social security

97,961

52,355

Other creditors

937,241

807,714

1,041,237

862,558

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end D Robertson had a credit balance on his director's loan account of £12,711 (2017 : £11,782).

The balance is interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Robertson.