Company Registration No. 01599537 (England and Wales)
ROBIN HOOD TRAVEL LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
ROBIN HOOD TRAVEL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ROBIN HOOD TRAVEL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
458,813
339,129
Current assets
Stocks
1,250
1,250
Debtors
118,973
56,347
Cash at bank and in hand
23,062
61,783
143,285
119,380
Creditors: amounts falling due within one year
3
(385,703)
(314,505)
Net current liabilities
(242,418)
(195,125)
Total assets less current liabilities
216,395
144,004
Creditors: amounts falling due after more than one year
4
(138,623)
(83,500)
Provisions for liabilities
(56,310)
(25,151)
21,462
35,353
Capital and reserves
Called up share capital
5
200
200
Profit and loss account
21,262
35,153
Shareholders' funds
21,462
35,353
For the financial year ended 31 March 2015 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 21 August 2015
Mr R T Eyre
Director
Company Registration No. 01599537
ROBIN HOOD TRAVEL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 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 April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets 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:
Long leasehold property
No depreciation
Plant and machinery
15 % per annum of net book value
Office furniture
20 % per annum of net book value
Motor vehicles
25 % per annum of net book value
1.4
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.
ROBIN HOOD TRAVEL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
1,859,043
Additions
267,658
At 31 March 2015
2,126,701
Depreciation
At 1 April 2014
1,519,914
Charge for the year
147,974
At 31 March 2015
1,667,888
Net book value
At 31 March 2015
458,813
At 31 March 2014
339,129
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £80,500 (2014 - £44,664).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £138,623 (2014 - £83,500).
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
200 Ordinary shares of £1 each
200
200