Centurion Travel Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02396416 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

CENTURION TRAVEL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M J Spiller

SECRETARY:

S Spiller

REGISTERED OFFICE:

124 High Street

Midsomer Norton

Bath

Avon

BA3 2DA

REGISTERED NUMBER:

02396416 (England and Wales)

ACCOUNTANTS:

Pethericks & Gillard Limited

Chartered Accountants

124 High Street

Midsomer Norton

Bath

BA3 2DA

FIXED ASSETS

Tangible assets

2

809,320

873,086

CURRENT ASSETS

Stocks

31,150

6,200

Debtors

167,954

192,057

Cash at bank and in hand

12,035

13,422

211,139

211,679

CREDITORS

Amounts falling due within one year

3

445,420

335,229

NET CURRENT LIABILITIES

(234,281

)

(123,550

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

575,039

749,536

CREDITORS

Amounts falling due after more than one year

3

(359,499

)

(553,847

)

PROVISIONS FOR LIABILITIES

-

(83,362

)

NET ASSETS

215,540

112,327

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

214,540

111,327

SHAREHOLDERS' FUNDS

215,540

112,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 5 June 2017 and were signed by:

M J Spiller - 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 January 2015).

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.

Freehold property

-

5% on cost

Improvements to property

-

10% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

3,004,350

Additions

128,822

Disposals

(105,000

)

At 30 November 2016

3,028,172

DEPRECIATION

At 1 December 2015

2,131,264

Charge for year

191,473

Eliminated on disposal

(103,885

)

At 30 November 2016

2,218,852

NET BOOK VALUE

At 30 November 2016

809,320

At 30 November 2015

873,086

3.

CREDITORS

Creditors include an amount of £ 98,774 (2015 - £ 179,776 ) for which security has been given.

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

2016

2015

£

Repayable by instalments

65,393

181,272

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2016 and

30 November 2015:

2016

2015

£

M J Spiller

Balance outstanding at start of year

(48,148

)

(48,868

)

Amounts advanced

32,507

720

Amounts repaid

(143,131

)

-

Balance outstanding at end of year

(158,772

)

(48,148

)