Registered Number 02637453

CANNON TRAVEL LIMITED

Abbreviated Accounts

30 November 2016

CANNON TRAVEL LIMITED Registered Number 02637453

Abbreviated Balance Sheet as at 30 November 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 - -
Tangible assets 3 21,944 22,588
21,944 22,588
Current assets
Debtors 20,939 34,547
Cash at bank and in hand 540,411 417,144
561,350 451,691
Creditors: amounts falling due within one year (432,570 ) (357,122 )
Net current assets (liabilities) 128,780 94,569
Total assets less current liabilities 150,724 117,157
Provisions for liabilities (1,800 ) (1,800 )
Total net assets (liabilities) 148,924 115,357
Capital and reserves
Called up share capital 4 30,000 30,000
Profit and loss account 118,924 85,357
Shareholders' funds 148,924 115,357

  • For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 3 May 2017

And signed on their behalf by:
Mr K A Brooks, Director

CANNON TRAVEL LIMITED Registered Number 02637453

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
L/H Improvements - straight line over life of lease
Fixtures & fittings - 25% reducing balance
Motor vehicle - 25% reducing balance

Intangible assets amortisation policy
Goodwill - over 10 years

2 Intangible fixed assets
£
Cost
At 1 December 2015 80,750
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2016 80,750
Amortisation
At 1 December 2015 80,750
Charge for the year -
On disposals -
At 30 November 2016 80,750
Net book values
At 30 November 2016 0
At 30 November 2015 0
3 Tangible fixed assets
£
Cost
At 1 December 2015 107,319
Additions 6,191
Disposals -
Revaluations -
Transfers -
At 30 November 2016 113,510
Depreciation
At 1 December 2015 84,731
Charge for the year 6,835
On disposals -
At 30 November 2016 91,566
Net book values
At 30 November 2016 21,944
At 30 November 2015 22,588
4 Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
30,000 Ordinary shares of £1 each 30,000 30,000