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REGISTERED NUMBER: 01251020













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

RICHARDSON TRAVEL LIMITED

RICHARDSON TRAVEL LIMITED (REGISTERED NUMBER: 01251020)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RICHARDSON TRAVEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2017







DIRECTOR: Mrs C Richardson





SECRETARY: Mrs C Richardson





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





REGISTERED NUMBER: 01251020





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

RICHARDSON TRAVEL LIMITED (REGISTERED NUMBER: 01251020)

BALANCE SHEET
31 December 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,033,435 1,143,316

CURRENT ASSETS
Stocks 14,500 14,500
Debtors 5 68,161 98,688
Cash at bank and in hand 8,039 3,935
90,700 117,123
CREDITORS
Amounts falling due within one year 6 399,178 439,961
NET CURRENT LIABILITIES (308,478 ) (322,838 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

724,957

820,478

CREDITORS
Amounts falling due after more than one
year

7

505,040

599,253
NET ASSETS 219,917 221,225

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 119,917 121,225
219,917 221,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 2017


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 27 September 2018 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 2017


1. STATUTORY INFORMATION

Richardson Travel Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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 23 (2016 - 20 ) .

RICHARDSON TRAVEL LIMITED (REGISTERED NUMBER: 01251020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2017


4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold Coaches fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2017 178,318 2,151,162 3,854 4,100 2,337,434
Additions - 48,330 - - 48,330
Disposals - (21,508 ) - - (21,508 )
At 31 December 2017 178,318 2,177,984 3,854 4,100 2,364,256
DEPRECIATION
At 1 January 2017 140,279 1,048,247 1,492 4,100 1,194,118
Charge for year 17,488 130,849 873 - 149,210
Eliminated on disposal - (12,507 ) - - (12,507 )
At 31 December 2017 157,767 1,166,589 2,365 4,100 1,330,821
NET BOOK VALUE
At 31 December 2017 20,551 1,011,395 1,489 - 1,033,435
At 31 December 2016 38,039 1,102,915 2,362 - 1,143,316

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Coaches
£   
COST
At 1 January 2017 1,450,235
Additions 39,330
At 31 December 2017 1,489,565
DEPRECIATION
At 1 January 2017 625,627
Charge for year 92,540
At 31 December 2017 718,167
NET BOOK VALUE
At 31 December 2017 771,398
At 31 December 2016 824,608

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 34,925 74,609
Other debtors 33,236 24,079
68,161 98,688

RICHARDSON TRAVEL LIMITED (REGISTERED NUMBER: 01251020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2017


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 48,153 126,339
Hire purchase contracts 194,569 158,545
Trade creditors 32,344 26,929
Taxation and social security 12,617 53,884
Other creditors 111,495 74,264
399,178 439,961

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans 15,498 25,737
Hire purchase contracts 414,542 573,516
Other creditors 75,000 -
505,040 599,253

8. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank overdrafts 38,153 117,339
Hire purchase contracts 609,111 732,061
647,264 849,400