Registered Number 02637453
CANNON TRAVEL LIMITED
Abbreviated Accounts
30 November 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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|
Tangible assets | 3 |
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Current assets | |||
Debtors |
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|
|
Cash at bank and in hand |
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|
|
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||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Provisions for liabilities |
( |
( |
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
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Shareholders' funds |
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|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Asset class:
Leasehold improvements - Depreciation method and rate straight line over the life of the lease
Fixtures and fittings - Depreciation method and rate 25% reducing balance
Motor vehicles - Depreciation method and rate 25% reducing balance
Intangible assets amortisation policy
Asset Class:
Goodwill Amortisation method and rate 10 years
Other accounting policies
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
£ | |
---|---|
Cost | |
At 1 December 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 November 2015 |
|
Amortisation | |
At 1 December 2014 |
|
Charge for the year |
|
On disposals |
|
At 30 November 2015 |
|
Net book values | |
At 30 November 2015 | 0 |
At 30 November 2014 | 0 |
£ | |
---|---|
Cost | |
At 1 December 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 November 2015 |
|
Depreciation | |
At 1 December 2014 |
|
Charge for the year |
|
On disposals |
|
At 30 November 2015 |
|
Net book values | |
At 30 November 2015 | 22,588 |
At 30 November 2014 | 25,604 |