REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
FOR |
GOWER TOURS LIMITED |
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
FOR |
GOWER TOURS LIMITED |
GOWER TOURS LIMITED (REGISTERED NUMBER: 01698054) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Report of the Accountants | 7 |
GOWER TOURS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
GOWER TOURS LIMITED (REGISTERED NUMBER: 01698054) |
ABBREVIATED BALANCE SHEET |
31 OCTOBER 2015 |
31/10/15 | 31/10/14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
Investment property | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Revaluation reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
GOWER TOURS LIMITED (REGISTERED NUMBER: 01698054) |
ABBREVIATED BALANCE SHEET - continued |
31 OCTOBER 2015 |
The financial statements were approved by the Board of Directors on behalf by: |
GOWER TOURS LIMITED (REGISTERED NUMBER: 01698054) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the |
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
Entities (effective January 2015). |
Investment property |
The investment property is shown at cost as the directors consider that the current market value is the |
same as it's original cost. |
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. |
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. |
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 the profit and loss account 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 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 November 2014 |
Additions |
At 31 October 2015 |
DEPRECIATION |
At 1 November 2014 |
Charge for year |
At 31 October 2015 |
NET BOOK VALUE |
At 31 October 2015 |
At 31 October 2014 |
GOWER TOURS LIMITED (REGISTERED NUMBER: 01698054) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 November 2014 |
and 31 October 2015 | 2,000 |
NET BOOK VALUE |
At 31 October 2015 |
At 31 October 2014 |
The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 100.00 |
£ | £ |
Aggregate capital and reserves | 2,477 | 2,353 |
Profit for the year | 86,693 | 87,522 |
4. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 November 2014 |
and 31 October 2015 |
NET BOOK VALUE |
At 31 October 2015 |
At 31 October 2014 |
5. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
The aggregate total of debtors falling due after more than one year is £ |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/10/15 | 31/10/14 |
value: | £ | £ |
Ordinary 'A' | £1 |
Ordinary 'B' | £1 |
50,351 | 50,351 |
GOWER TOURS LIMITED (REGISTERED NUMBER: 01698054) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2015 |
7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 31 October 2015 and |
31 October 2014: |
31/10/15 | 31/10/14 |
£ | £ |
Balance outstanding at start of year | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) |
Balance outstanding at end of year | ( |
) | ( |
) |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts repaid |
Balance outstanding at end of year | ( |
) |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts repaid | ( |
) |
Balance outstanding at end of year | ( |
) | ( |
) |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts repaid |
Balance outstanding at end of year | ( |
) |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Balance outstanding at end of year |
£500 owed by K J Edwards was repaid after the year end. |
An interest free loan of €77,000 was made to P G & Mrs K Cook on 10 November 2014 and was |
repaid in full by 26 October 2015. |
GOWER TOURS LIMITED |
REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
GOWER TOURS LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's |
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on |
pages two to six) have been prepared. |
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2015 set out on pages three to ten and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Chartered Certified Accountants |
20 April 2016 |