IRIS Accounts Production v18.3.0.590 02239051 director 1.7.17 30.6.18 30.6.18 6.3.19 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 02239051 2017-06-30 02239051 2018-06-30 02239051 2017-07-01 2018-06-30 02239051 2016-06-30 02239051 2016-07-01 2017-06-30 02239051 2017-06-30 02239051 ns15:EnglandWales 2017-07-01 2018-06-30 02239051 ns14:PoundSterling 2017-07-01 2018-06-30 02239051 ns10:Director1 2017-07-01 2018-06-30 02239051 ns10:PrivateLimitedCompanyLtd 2017-07-01 2018-06-30 02239051 ns10:SmallEntities 2017-07-01 2018-06-30 02239051 ns10:Audited 2017-07-01 2018-06-30 02239051 ns10:SmallCompaniesRegimeForDirectorsReport 2017-07-01 2018-06-30 02239051 ns10:SmallCompaniesRegimeForAccounts 2017-07-01 2018-06-30 02239051 ns10:AbridgedAccounts 2017-07-01 2018-06-30 02239051 ns5:CurrentFinancialInstruments 2018-06-30 02239051 ns5:CurrentFinancialInstruments 2017-06-30 02239051 ns5:Non-currentFinancialInstruments 2018-06-30 02239051 ns5:Non-currentFinancialInstruments 2017-06-30 02239051 ns5:ShareCapital 2018-06-30 02239051 ns5:ShareCapital 2017-06-30 02239051 ns5:RevaluationReserve 2018-06-30 02239051 ns5:RevaluationReserve 2017-06-30 02239051 ns5:RetainedEarningsAccumulatedLosses 2018-06-30 02239051 ns5:RetainedEarningsAccumulatedLosses 2017-06-30 02239051 ns5:LandBuildings ns5:OwnedOrFreeholdAssets 2017-07-01 2018-06-30 02239051 ns5:LandBuildings ns5:ShortLeaseholdAssets 2017-07-01 2018-06-30 02239051 ns5:LeaseholdImprovements 2017-07-01 2018-06-30 02239051 ns5:PlantMachinery 2017-07-01 2018-06-30 02239051 ns5:FurnitureFittings 2017-07-01 2018-06-30 02239051 ns5:MotorVehicles 2017-07-01 2018-06-30


REGISTERED NUMBER: 02239051 (England and Wales)














Financial Statements

for the Year Ended 30 June 2018

for

Anderson Travel Limited

Anderson Travel Limited (Registered number: 02239051)






Contents of the Financial Statements
for the Year Ended 30 June 2018




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 2


Anderson Travel Limited (Registered number: 02239051)

Abridged Balance Sheet
30 June 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,331,039 5,342,192
Investments 6 153,300 -
5,484,339 5,342,192

CURRENT ASSETS
Stocks 10,761 18,037
Debtors 2,621,891 2,051,026
Cash at bank and in hand 7,528 757,057
2,640,180 2,826,120
CREDITORS
Amounts falling due within one year 2,456,154 2,224,024
NET CURRENT ASSETS 184,026 602,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,668,365

5,944,288

CREDITORS
Amounts falling due after more than one
year

(2,458,277

)

(2,944,889

)

PROVISIONS FOR LIABILITIES (593,238 ) (599,649 )
NET ASSETS 2,616,850 2,399,750

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 8 375,806 -
Retained earnings 2,231,044 2,389,750
SHAREHOLDERS' FUNDS 2,616,850 2,399,750

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 6 March 2019 and were signed by:





Mr M S Anderson - Director


Anderson Travel Limited (Registered number: 02239051)

Notes to the Financial Statements
for the Year Ended 30 June 2018

1. STATUTORY INFORMATION

Anderson Travel Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address are as below:

Registered number: 02239051

Registered office: 9 Carlton Road
New Malden
Surrey
KT3 3AJ

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition
Sales comprise the fair value of the consideration received or receivable for the rendering of services in the
ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that
future economic benefits will flow to the entity and when specific criteria have been met for each of the
company's activities as follows:

Revenue from the sale of services is recognised at the point at which those services have been provided to the
customer. Where payments are received from customers in advance of services provided, the amounts are
recorded as deferred income and included as part of creditors due within one year.

Rental income from operating leases (net of any incentives given to the lessees) is recognised when the right to
receive payment is established.

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 - in accordance with the property
Short leasehold - in accordance with the property
Coaches - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 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.

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.

Anderson Travel Limited (Registered number: 02239051)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

3. ACCOUNTING POLICIES - continued

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.

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.

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.

Depreciation policy for properties
Depreciation has not been charged on assets recorded as freehold property or long leasehold. The director
considers that these assets have a useful economic life exceeding 50 years and that they are not depreciating in
value. The director considers that depreciating these assets would not provide a true and fair view of the state of
affairs of the company.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2017 - 63 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 July 2017 5,967,869
Additions 102,375
Disposals (107,774 )
Revaluations 461,828
At 30 June 2018 6,424,298
DEPRECIATION
At 1 July 2017 625,677
Charge for year 543,611
Eliminated on disposal (76,029 )
At 30 June 2018 1,093,259
NET BOOK VALUE
At 30 June 2018 5,331,039
At 30 June 2017 5,342,192

Included in cost or valuation of land and buildings is freehold land of £ 750,000 (2017 - £ 288,172 ) which is not
depreciated.

Anderson Travel Limited (Registered number: 02239051)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

5. TANGIBLE FIXED ASSETS - continued

Freehold property, at 178 Tower Bridge Road, has been revalued to fair value at the balance sheet date by the
director based on their own research and experience.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST OR VALUATION
At 1 July 2017
and 30 June 2018 5,283,855
DEPRECIATION
At 1 July 2017 322,541
Charge for year 510,146
At 30 June 2018 832,687
NET BOOK VALUE
At 30 June 2018 4,451,168
At 30 June 2017 4,961,314

6. FIXED ASSET INVESTMENTS

The amount included as a fixed asset investment represents the company's capital and current account
outstanding as at the balance sheet date in in MS Anderson Properties LLP. If the capital or current account
represent liabilities rather than assets then these financial statements show the net overall position under
Provisions for Liabilities.

Investment in Pershing fund has been revalued to fair value at the balance sheet date by the directors based on
their own research and experience.

7. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Hire purchase contracts 3,328,376 4,463,242

The mortgage and hire purchase liabilities are secured on the freehold property asset and vehicle assets,
respectively, as shown in the fixed asset note.

The company's bankers hold a debenture, dated 16 September 1993, over the whole of the company's assets as
security against short term advances.

8. RESERVES
Revaluation
reserve
£   
Fixed assets revaluation 375,806

At 30 June 2018 375,806

Anderson Travel Limited (Registered number: 02239051)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

M C Palmer FCA (Senior Statutory Auditor)
for and on behalf of A4G Audit Limited

10. RELATED PARTY DISCLOSURES

During the period, the company was under the control of the parent company, Anderson Travel Holdings Limited.