Registered Number 05522251

AA TRAVEL (CUMBRIA) LIMITED

Abbreviated Accounts

31 October 2016

AA TRAVEL (CUMBRIA) LIMITED Registered Number 05522251

Abbreviated Balance Sheet as at 31 October 2016

Notes 31/10/2016 31/07/2015
£ £
Fixed assets
Intangible assets 2 - 33,000
Tangible assets 3 41,125 138,186
41,125 171,186
Current assets
Debtors 32,432 68,320
Cash at bank and in hand 66,625 3,751
99,057 72,071
Creditors: amounts falling due within one year (31,332) (65,918)
Net current assets (liabilities) 67,725 6,153
Total assets less current liabilities 108,850 177,339
Provisions for liabilities (14,290) (16,345)
Total net assets (liabilities) 94,560 160,994
Capital and reserves
Called up share capital 4 200 200
Profit and loss account 94,360 160,794
Shareholders' funds 94,560 160,994
  • For the year ending 31 October 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 Board on 3 February 2017

And signed on their behalf by:
Mr D L Hall, Director

AA TRAVEL (CUMBRIA) LIMITED Registered Number 05522251

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:

Plant & Machinery - 15% reducing balance
Motor Vehicles - 25% reducing balance
Office Equipment - 15% reducing balance

Valuation information and policy
Deferred taxation

Deferred tax is provided on the liability method in respect of all timing differences that have originated but not reversed at the balance sheet date.

Financial Instruments

The only financial instruments in issue are ordinary shares which are classified as equity.

2Intangible fixed assets
£
Cost
At 1 August 2015 66,000
Additions -
Disposals (66,000)
Revaluations -
Transfers -
At 31 October 2016 0
Amortisation
At 1 August 2015 33,000
Charge for the year -
On disposals (33,000)
At 31 October 2016 0
Net book values
At 31 October 2016 0
At 31 July 2015 33,000
3Tangible fixed assets
£
Cost
At 1 August 2015 301,465
Additions 1,500
Disposals (254,512)
Revaluations -
Transfers -
At 31 October 2016 48,453
Depreciation
At 1 August 2015 163,279
Charge for the year 3,757
On disposals (159,708)
At 31 October 2016 7,328
Net book values
At 31 October 2016 41,125
At 31 July 2015 138,186
4Called Up Share Capital
Allotted, called up and fully paid:
31/10/2016
£		 31/07/2015
£
50 A Ordinary shares of £1 each 50 50
50 B Ordinary shares of £1 each 50 50
100 Ordinary shares of £1 each 100 100