REGISTERED NUMBER: 01698054 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

GOWER TOURS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P G Cook

Mrs K Cook

D A Kilby-Edwards

Mrs S Howell-Jones

REGISTERED OFFICE:

2 High Street

Studley

Warwickshire

B80 7HJ

REGISTERED NUMBER:

01698054 (England and Wales)

ACCOUNTANTS:

Prince Accountancy

Chartered Certified Accountants

Charter House

Sandford Street

Lichfield

Staffordshire

WS13 6QA

FIXED ASSETS

Tangible assets

4

279,512

290,246

Investments

5

2,000

2,000

Investment property

6

-

40,162

281,512

332,408

CURRENT ASSETS

Stocks

-

780

Debtors

7

272,104

318,117

Cash at bank and in hand

324,676

166,127

596,780

485,024

CREDITORS

Amounts falling due within one year

463,338

387,154

NET CURRENT ASSETS

133,442

97,870

TOTAL ASSETS LESS CURRENT LIABILITIES

414,954

430,278

CAPITAL AND RESERVES

Called up share capital

50,351

50,351

Revaluation reserve

175,476

175,476

Retained earnings

189,127

204,451

SHAREHOLDERS' FUNDS

414,954

430,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19 December 2017 and were signed on its behalf by:

Mrs K Cook - Director

D A Kilby-Edwards - Director

1.	STATUTORY INFORMATION

Gower Tours 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 as modified by the revaluation of certain assets.

Stock of merchandise

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

obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Turnover

Turnover represents net invoiced sales, excluding value added tax based upon date of departure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated

residual value of each asset over its estimated useful life.

Equipment & Fixtures - 15% on cost

Motor Vehicles - 25% on cost

Freehold Property - 2% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 November 2016

and 31 October 2017

356,790

DEPRECIATION

At 1 November 2016

66,544

Charge for year

10,734

At 31 October 2017

77,278

NET BOOK VALUE

At 31 October 2017

279,512

At 31 October 2016

290,246

Cost or valuation at 31 October 2017 is represented by:

Totals

£

Valuation in 2008

203,851

Valuation in 2013

(28,375

)

Cost

181,314

356,790

If freehold property had not been revalued it would have been included at the following historical cost:

31/10/17

31/10/16

£

£

Cost

121,149

121,149

Aggregate depreciation

12,115

9,692

Freehold property was valued on an open market basis on 19 August 2013 by Allan Morris & Jones Commercial Surveyors

.

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 November 2016

and 31 October 2017

2,000

NET BOOK VALUE

At 31 October 2017

2,000

At 31 October 2016

2,000

6.	INVESTMENT PROPERTY

Total

£

COST

At 1 November 2016

40,162

Disposals

(40,162

)

At 31 October 2017

-

NET BOOK VALUE

At 31 October 2017

-

At 31 October 2016

40,162

7.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/10/17

31/10/16

£

£

Other debtors

3,880

5,920