SALTWALK CLUB LTD

SALTWALK CLUB LTD

SALTWALK CLUB LTD - Company Information

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SALTWALK CLUB LTD

Company Registration Number:
10777274 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2018

Period of accounts

Start date: 18 May 2017

End date: 31 May 2018

SALTWALK CLUB LTD

Contents of the Financial Statements

for the Period Ended 31 May 2018

Balance sheet
Notes

SALTWALK CLUB LTD

Balance sheet

As at 31 May 2018


Notes
2018


£
Fixed assets
Tangible assets: 2 5,807
Total fixed assets: 5,807
Current assets
Stocks: 0
Debtors: 3 978
Cash at bank and in hand: 1,021
Total current assets: 1,999
Creditors: amounts falling due within one year: 4 (8,106)
Net current assets (liabilities): (6,107)
Total assets less current liabilities: (300)
Total net assets (liabilities): (300)
Capital and reserves
Called up share capital: 2
Profit and loss account: (302)
Shareholders funds: (300)

The notes form part of these financial statements

SALTWALK CLUB LTD

Balance sheet statements

For the year ending 31 May 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 February 2019
and signed on behalf of the board by:

Name: H DENNISON
Status: Director

The notes form part of these financial statements

SALTWALK CLUB LTD

Notes to the Financial Statements

for the Period Ended 31 May 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Paddleboard equipment - 50% on costExpenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with short life. Repair and replacement expenditure is written off as expenditure in the profit and loss account.The cost of fixed assets is their purchase costs, together with any incidental costs of acquisition.

SALTWALK CLUB LTD

Notes to the Financial Statements

for the Period Ended 31 May 2018

2. Tangible Assets

Total
Cost £
Additions 8,068
At 31 May 2018 8,068
Depreciation
Charge for year 2,261
At 31 May 2018 2,261
Net book value
At 31 May 2018 5,807

SALTWALK CLUB LTD

Notes to the Financial Statements

for the Period Ended 31 May 2018

3. Debtors

Trade Debtors £807 Prepayments £238

SALTWALK CLUB LTD

Notes to the Financial Statements

for the Period Ended 31 May 2018

4. Creditors: amounts falling due within one year note

Trade Creditors £1,559 Other Creditors £6,547

SALTWALK CLUB LTD

Notes to the Financial Statements

for the Period Ended 31 May 2018

5. Related party transactions

Name of the related party: M PRICE
Relationship:
DIRECTOR
Description of the Transaction: During the period, funds and assets to the value of £5,630 were introduced to the company.
£
Balance at 31 May 2018 5,630
Name of the related party: H DENNISON
Relationship:
DIRECTOR
Description of the Transaction: During the course of the period, funds and assets to the value of £917 were introduced to the company.
£
Balance at 31 May 2018 917