Bodyboard-Holidays Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07824514 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Bodyboard-Holidays Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

R J Barber

REGISTERED OFFICE:

49 Billings Drive

Newquay

Cornwall

TR7 2SQ

BUSINESS ADDRESS:

Unti 1

Towan Promenade

Towan Beach

Newquay

Cornwall

TR7 1DU

REGISTERED NUMBER:

07824514 (England and Wales)

ACCOUNTANTS:

Cornish Accounting Solutions Ltd

Chartered Accountants and Business Specialists

79 Higher Bore Street

Bodmin

Cornwall

PL31 1JT

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Bodyboard-Holidays Ltd for the year ended 31 March 2019 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Bodyboard-Holidays Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bodyboard-Holidays Ltd and state those matters that we have agreed to state to the director of Bodyboard-Holidays Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bodyboard-Holidays Ltd and its director for our work or for this report.

It is your duty to ensure that Bodyboard-Holidays Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bodyboard-Holidays Ltd. You consider that Bodyboard-Holidays Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bodyboard-Holidays Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cornish Accounting Solutions Ltd

Chartered Accountants and Business Specialists

79 Higher Bore Street

Bodmin

Cornwall

PL31 1JT

23 December 2019

FIXED ASSETS

Tangible assets

4

39,155

-

CURRENT ASSETS

Debtors

5

36,324

27,270

Cash at bank

2,041

11,273

38,365

38,543

CREDITORS

Amounts falling due within one year

6

20,853

12,251

NET CURRENT ASSETS

17,512

26,292

TOTAL ASSETS LESS CURRENT LIABILITIES

56,667

26,292

CREDITORS

Amounts falling due after more than one year

7

25,440

40,571

NET ASSETS/(LIABILITIES)

31,227

(14,279

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

31,226

(14,280

)

SHAREHOLDERS' FUNDS

31,227

(14,279

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 20 December 2019 and were signed by:

R J Barber - Director

1.	STATUTORY INFORMATION

Bodyboard-Holidays Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

Straight line over 3 years

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Computer

property

equipment

Totals

£

£

£

COST

At 1 April 2018

-

344

344

Additions

39,155

-

39,155

At 31 March 2019

39,155

344

39,499

DEPRECIATION

At 1 April 2018

and 31 March 2019

-

344

344

NET BOOK VALUE

At 31 March 2019

39,155

-

39,155

At 31 March 2018

-

-

-

5.

DEBTORS

2019

2018

£

£

Amounts falling due within one year:

Other debtors

6,463

2,409

Amounts falling due after more than one year:

Amounts owed by associates

29,861

24,861

Aggregate amounts

36,324

27,270

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

4,856

-

Payments on account

-

2,000

Taxation and social security

6,799

51

Other creditors

9,198

10,200

20,853

12,251

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Amounts owed to associates

15,711

23,686

Other creditors

9,729

16,885

25,440

40,571

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2019 and

31 March 2018:

2019

2018

£

£

R J Barber

Balance outstanding at start of year

156

(15,144

)

Amounts advanced

8,302

16,520

Amounts repaid

(4,420

)

(1,220

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,038

156

The above loan balance was due from the director at the year end. The loan is non interest bearing and is

repayable on demand.

9.	RELATED PARTY DISCLOSURES

Newquay Activity Centre Ltd

A company in which the director and shareholder Mr R J Barber is also a director and shareholder.

During the year, Newquay Activity Centre charged management fees totalling £9,600 (2018: £9,600) to

Bodyboard-Holidays Ltd.

At the balance sheet date, Bodyboard-Holidays owed £15,711 (2018: 23,686) to Newquay Activity Centre Ltd.

This amount has been included within amounts owed to associates.

Coastline Coasteer Ltd

A company in which the director and shareholder Mr R J Barber is also a director and shareholder.

At the balance sheet date, Bodyboard-Holidays Ltd was owed £29,861 (2018: £24,861) by Coastline Coasteering

Ltd. This amount has been included within amounts owed by associates.

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of Mr R J Barber by virtue of his shareholding.