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REGISTERED NUMBER: 01251020 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

RICHARDSON TRAVEL LIMITED

RICHARDSON TRAVEL LIMITED (REGISTERED NUMBER: 01251020)

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


RICHARDSON TRAVEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2016







DIRECTOR: Mrs C Richardson





SECRETARY: Mrs C Richardson





REGISTERED OFFICE: Coach Depot
Pitsham Lane
Midhurst
West Sussex
GU29 9RA





REGISTERED NUMBER: 01251020 (England and Wales)





ACCOUNTANTS: Traviss & Co
Chartered Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

RICHARDSON TRAVEL LIMITED (REGISTERED NUMBER: 01251020)

BALANCE SHEET
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,143,316 1,185,700

CURRENT ASSETS
Stocks 14,500 14,810
Debtors 5 98,688 286,018
Cash at bank and in hand 3,935 3,304
117,123 304,132
CREDITORS
Amounts falling due within one year 6 439,961 594,502
NET CURRENT LIABILITIES (322,838 ) (290,370 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

820,478

895,330

CREDITORS
Amounts falling due after more than one
year

7

(599,253

)

(511,246

)

PROVISIONS FOR LIABILITIES - (126,201 )
NET ASSETS 221,225 257,883

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 121,225 157,883
221,225 257,883

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 director acknowledges her 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.

RICHARDSON TRAVEL LIMITED (REGISTERED NUMBER: 01251020)

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 director on 20 November 2017 and were signed by:





Mrs C Richardson - Director


RICHARDSON TRAVEL LIMITED (REGISTERED NUMBER: 01251020)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2016


1. STATUTORY INFORMATION

Richardson Travel 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.

Turnover
Turnover represents invoiced sales of services, 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.
Land and buildings - 10% on cost and at varying rates on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on cost and at varying rates on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

RICHARDSON TRAVEL LIMITED (REGISTERED NUMBER: 01251020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2016


2. ACCOUNTING POLICIES - continued

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 profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold Coaches fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2016 178,318 2,043,272 87,382 4,100 2,313,072
Additions - 137,750 1 - 137,751
Disposals - (29,860 ) - - (29,860 )
Impairments - - (83,529 ) - (83,529 )
At 31 December 2016 178,318 2,151,162 3,854 4,100 2,337,434
DEPRECIATION
At 1 January 2016 120,823 930,865 71,584 4,100 1,127,372
Charge for year 19,456 138,728 1,238 - 159,422
Eliminated on disposal - (21,346 ) - - (21,346 )
Impairments - - (71,330 ) - (71,330 )
At 31 December 2016 140,279 1,048,247 1,492 4,100 1,194,118
NET BOOK VALUE
At 31 December 2016 38,039 1,102,915 2,362 - 1,143,316
At 31 December 2015 57,495 1,112,407 15,798 - 1,185,700

RICHARDSON TRAVEL LIMITED (REGISTERED NUMBER: 01251020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2016


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Coaches
£   
COST
Additions 136,500
Reclassification/transfer 1,313,735
At 31 December 2016 1,450,235
DEPRECIATION
Charge for year 86,511
Reclassification/transfer 539,116
At 31 December 2016 625,627
NET BOOK VALUE
At 31 December 2016 824,608

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 74,609 203,916
Other debtors 24,079 82,102
98,688 286,018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Bank loans and overdrafts 126,339 166,613
Hire purchase contracts 158,545 188,430
Trade creditors 26,929 47,185
Taxation and social security 53,884 71,672
Other creditors 74,264 120,602
439,961 594,502

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2016 2015
£    £   
Bank loans 25,737 -
Hire purchase contracts 573,516 511,246
599,253 511,246

RICHARDSON TRAVEL LIMITED (REGISTERED NUMBER: 01251020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2016


8. SECURED DEBTS

The following secured debts are included within creditors:

2016 2015
£    £   
Bank overdrafts 117,339 131,787
Hire purchase contracts 732,061 699,676
849,400 831,463