Shropshire Tourism (UK) Ltd. Report and Accounts. 31 March 2016

Transcription

1 Registered number Report and Accounts 31 March 2016

2 Report and accounts Contents Page Company information 1 Directors' report 2 Accountants' report 3 Profit and loss account 4 Balance sheet 5

3 Company Information Directors D Clough (Chairman) P V Davis - Resigned 25/10/2015 M C Brogden - appointed 10/02/2016 L Davies - resigned 10/02/2016 J McCoy A brown - appointed 10/02/2016 T Hunt - resigned 31/10/2015 J Limond - appointed 10/02/2016 S Gray - Appointed 10/02/2016 G Grimes - resigned 10/12/2015 C H Shingler Secretary J McCoy Accountants Crundell & Co Accountancy Ltd 5 Winterton Way Redwood Park Shrewsbury Shropshire SY3 5PA Registered office Grove House 8 St Julian's Friars Shrewsbury Shropshire SY1 1XL Registered number

4 Directors' Report Directors The following persons served as directors during the year: D Clough (Chairman) P V Davis - Resigned 25/10/2015 M C Brogden - appointed 10/02/2016 L Davies - resigned 10/02/2016 J McCoy A brown - appointed 10/02/2016 T Hunt - resigned 31/10/2015 J Limond - appointed 10/02/2016 S Gray - Appointed 10/02/2016 G Grimes - resigned 10/12/2015 C H Shingler Political donations The company is defined as a mutual trading company established for the benefit of its members, and therefore all income and all profits are re-applied for the benefit of its members. Directors' responsibilities The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to: select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company provisions This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. This report was approved by the board on and signed by its order. J McCoy Secretary 2

5 Report to the directors on the preparation of the unaudited statutory accounts of Shropshire Tourism (UK) Ltd for the year ended 31 March 2016 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of for the year ended 31 March 2016 which comprise of the Profit and Loss Account and the Balance Sheet from the company s accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at Crundell & Co Accountancy Ltd Chartered Certified Accountants 5 Winterton Way Redwood Park Shrewsbury Shropshire SY3 5PA 3

6 Profit and Loss Account for the year ended 31 March Turnover 258, ,065 Other income 3 16 Cost of raw materials and consumables (36,027) (62,622) Gross profit 222, ,459 Staff costs (228,489) (223,857) Other charges (19,827) (22,164) (Loss)/profit before taxation (25,937) 3,438 (Loss)/profit (25,937) 3,438 4

7 Registered number: Balance Sheet as at 31 March Fixed assets 238, ,984 Current assets 22,584 41,217 Creditors: amounts falling due within one year (45,556) (30,292) Net current (liabilities)/assets (22,972) 10,925 Total assets less current liabilities 216, ,909 Creditors: amounts falling due after more than one year (38,901) (46,834) Accruals and deferred income (688) (715) Net assets 176, ,360 Capital and reserves 176, ,360 The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and the Financial Reporting Standard For Smaller Entities (effective January 2015). The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. D Clough Director & chairman Approved by the board on 5

8 Detailed profit and loss account items for the year ended 31 March 2016 This schedule does not form part of the statutory accounts Sales Sales 258, ,065 Other income Interest receivable 3 16 Cost of raw materials and consumables Design, print, marketing & distribution costs 35,855 62,317 DTS expenditure ,027 62,622 Staff costs Wages and salaries 225, ,942 Pensions 1, Recruitment 2,000 2, , ,857 Other charges General administrative expenses: Office running costs 5,097 6,268 Establishment costs 7,499 7,194 Bank charges 2,588 2,728 Membership development Computer costs 1,031 2,170 17,028 19,233 Legal and professional costs: Accountancy fees Other Interest payable 2,199 2,331 2,199 2,331 19,827 22,164 6

9 Detailed balance sheet items as at 31 March 2016 This schedule does not form part of the statutory accounts and should NOT be sent to HMRC Fixed assets Land and buildings 238, ,984 Current assets Trade debtors 22,584 28,063 Other debtors - 2,972 Cash at bank and in hand - 10,182 22,584 41,217 Creditors: amounts falling due within one year Bank loans and overdrafts 28,802 10,040 Trade creditors 7,196 8,750 Other taxes and social security costs 9,158 11,452 Other creditors ,556 30,292 Creditors: amounts falling due after more than one year Bank loans 38,901 46,834 Accruals and deferred income Accruals Capital and reserves Contingency reserve 148, ,614 Profit and loss account 27,809 53, , ,360 Profit and loss account Brought forward 53,746 50,308 Profit (25,937) 3,438 27,809 53,746 7