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REGISTERED NUMBER: 03826560 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Excursions Ltd

Excursions Ltd (Registered number: 03826560)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Excursions Ltd

Company Information
for the Year Ended 31 December 2016







DIRECTORS: Mr R P N Woodard
Mrs A M Woodard
Mr B P Woodard
Mr H J R Woodard





SECRETARY: Mr R P N Woodard





REGISTERED OFFICE: Unit 4
Barton Court
11-12 High Street
Highworth
Wiltshire
SN6 7AG





REGISTERED NUMBER: 03826560 (England and Wales)





ACCOUNTANTS: Monahans
Chartered Accountants
38-42 Newport Street
Swindon
Wiltshire
SN1 3DR

Excursions Ltd (Registered number: 03826560)

Balance Sheet
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 16,076 12,877

CURRENT ASSETS
Debtors 6 116,868 136,349
Cash at bank and in hand 621,800 435,839
738,668 572,188
CREDITORS
Amounts falling due within one year 7 657,577 399,303
NET CURRENT ASSETS 81,091 172,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,167

185,762

PROVISIONS FOR LIABILITIES 3,215 2,575
NET ASSETS 93,952 183,187

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 93,950 183,185
SHAREHOLDERS' FUNDS 93,952 183,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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.

Excursions Ltd (Registered number: 03826560)

Balance Sheet - continued
31 December 2016


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.

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 24 March 2017 and were signed on its behalf by:




Mr R P N Woodard - Director



Mrs A M Woodard - Director


Excursions Ltd (Registered number: 03826560)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Excursions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared under the historical cost convention.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and
the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or
receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue in respect of tour operator services is recognised on the date of commencement of the services; the date
at which revenue can be measured with certainty and no further amendments can be made to arrangements.
Client monies received at the balance sheet date relating to operations commencing after the year end are
deferred and included within creditors.

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.
Fixtures and fittings - 20% on straight line basis
Computer equipment - 33% on straight line basis

Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is
recognised in the profit and loss account, except to the extent that it relates to items recognised in other
comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or
directly in equity respectively.

Current or deferred taxation assets and liabilities are not discounted.

Current tax

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is
calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Management periodically evaluates positions taken in tax returns with respect to situations in which applicable
tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amount
expected to be paid to the tax authorities.


Excursions Ltd (Registered number: 03826560)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax arises from timing differences that are differences between taxable profit and total comprehensive
income as stated in the financial statements. These timing differences arise from the inclusion of income and
expenses in tax assessment in periods different from those in which are recognised in financial statements.

Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions.
Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period
end and that are expected to apply to the reversal of the timing difference.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the
effective interest method unless the effect of discounting would be immaterial, in which case they are stated at
cost.

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 plan for its employees. A defined contribution plan is a pension
plan under which the company pays fixed contributions into a separate entity. Once the contributions have been
paid the company has no further payment obligations. The obligations are recognised as an expense when they
are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately
from the company in independently administered funds.

Leased assets
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Cash and cash equivalent
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the
effective interest method, less impairment losses for bad and doubtful debts except where the effect of
discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad
and doubtful debts.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2015 - 14 ) .

Excursions Ltd (Registered number: 03826560)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2016 11,450 27,028 38,478
Additions 2,438 7,208 9,646
Disposals - (245 ) (245 )
At 31 December 2016 13,888 33,991 47,879
DEPRECIATION
At 1 January 2016 6,580 19,021 25,601
Charge for year 1,502 4,945 6,447
Eliminated on disposal - (245 ) (245 )
At 31 December 2016 8,082 23,721 31,803
NET BOOK VALUE
At 31 December 2016 5,806 10,270 16,076
At 31 December 2015 4,870 8,007 12,877

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 44,659 62,125
Other debtors - 958
Directors' current accounts 2,559 -
VAT 1,789 1,954
Prepayments and accrued income 67,861 71,312
116,868 136,349

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 198,060 138,311
Tax 103,043 82,444
Social security and other taxes 53,202 43,747
Other creditors 5,466 14,187
Deferred income 4,898 58,238
Directors' current accounts 201,528 8,088
Accrued expenses 91,380 54,288
657,577 399,303

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

Excursions Ltd (Registered number: 03826560)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

9. GUARANTEES, CONTINGENCIES AND OTHER FINANCIAL COMMITMENTS

The company had total operating lease commitments at the year end of £30,769 (2015 - £23,176).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2016 and
31 December 2015:

2016 2015
£    £   
Mr R P N Woodard and Mrs A M Woodard
Balance outstanding at start of year (858 ) 5,994
Amounts advanced 300,330 244,648
Amounts repaid (501,000 ) (251,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (201,528 ) (858 )

Mr B P Woodard
Balance outstanding at start of year (3,730 ) (4,218 )
Amounts advanced 12,034 7,583
Amounts repaid (7,336 ) (7,095 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 968 (3,730 )

Mr O L N Woodard
Balance outstanding at start of year (3,599 ) (2,540 )
Amounts advanced 8,920 6,036
Amounts repaid (5,321 ) (7,095 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (3,599 )

Mr H J R Woodard
Balance outstanding at start of year - -
Amounts advanced 8,112 -
Amounts repaid (6,521 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,591 -

11. ULTIMATE CONTROLLING PARTY

The company is under the joint control of the two shareholders, Mr R P N Woodard and Mrs A M Woodard. No one individual controls the company.

12. FIRST YEAR ADOPTION

Potential FRS 102 transitional adjustments have been reviewed. It has been deemed that no adjustments are
required to be made.