Brylaine Travel Ltd - Limited company - abbreviated

REGISTERED NUMBER: 04199399

BRYLAINE TRAVEL LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B W Gregg

Mrs E R Gregg

Mrs S E Bradshaw

B P Gregg

M Wheatley

SECRETARY:

Mrs S E Bradshaw

REGISTERED OFFICE:

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

REGISTERED NUMBER:

04199399

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

872,419

960,899

872,419

960,899

CURRENT ASSETS

Stocks

12,686

12,763

Debtors

464,192

513,584

Cash at bank and in hand

41,056

21,748

517,934

548,095

CREDITORS

Amounts falling due within one year

4

497,074

601,312

NET CURRENT ASSETS/(LIABILITIES)

20,860

(53,217

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

893,279

907,682

CREDITORS

Amounts falling due after more than one
year

4

(208,689

)

(272,546

)

PROVISIONS FOR LIABILITIES

(65,165

)

(71,763

)

NET ASSETS

619,425

563,373

CAPITAL AND RESERVES

Called up share capital

5

12,300

Profit and loss account

607,125

551,073

SHAREHOLDERS' FUNDS

619,425

563,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 April 2015 and were signed on its behalf by:

B W Gregg - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

4% on cost

Plant and machinery

-

at variable rates on reducing balance

Coaches

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Equipment

-

12.5% on reducing balance

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Deferred government grants

Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to

the profit and loss account over the estimated useful life of the assets to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

24,000

AMORTISATION

At 1 August 2013

and 31 July 2014

24,000

NET BOOK VALUE

At 31 July 2014

-

At 31 July 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

2,914,553

Additions

92,601

Disposals

(178,020

)

At 31 July 2014

2,829,134

DEPRECIATION

At 1 August 2013

1,953,654

Charge for year

145,563

Eliminated on disposal

(142,502

)

At 31 July 2014

1,956,715

NET BOOK VALUE

At 31 July 2014

872,419

At 31 July 2013

960,899

4.

CREDITORS

Creditors include an amount of £ 294,530 (2013 - £ 369,090 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

Repayable by instalments

113,532

134,751

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

9,790

Ordinary "A" Shares

£1

9,790

210

Ordinary "B" Shares

£1

210

10,000

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

£

230,000

E

£1

2,300

Brylaine Travel Ltd - Limited company - abbreviated - 11.6

Brylaine Travel Ltd - Limited company - abbreviated - 11.6