Polar Adventures Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03246404 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2014

FOR

POLAR ADVENTURES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J M Wishart

SECRETARY:

Mrs D J Wishart

REGISTERED OFFICE:

18 Neville Road

Kingston upon Thames

Surrey

KT1 3QX

REGISTERED NUMBER:

03246404 (England and Wales)

ACCOUNTANTS:

J Tanna & Co

Suite 211/212

Surrey House

34 Eden Street

Kingston upon Thames

Surrey

KT1 1ER

FIXED ASSETS

Tangible assets

2

3,009

4,492

CURRENT ASSETS

Debtors

6,027

720

Cash at bank

-

11,727

6,027

12,447

CREDITORS

Amounts falling due within one year

29,212

14,463

NET CURRENT LIABILITIES

(23,185

)

(2,016

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,176

)

2,476

CAPITAL AND RESERVES

Called up share capital

3

6

6

Profit and loss account

(20,182

)

2,470

SHAREHOLDERS' FUNDS

(20,176

)

2,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 17 March 2015 and were signed by:

J M Wishart - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

These financial statements have been also been prepared on a going concern basis on the assumption of

continued financial support available from the director.

Turnover

Turnover represents net invoiced sale of services, excluding value added tax. It is recognised when the company

receives money including for future events and after due allowance is made for any credit granted for

cancellations.

Tangible fixed assets

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

Plant and machinery

-

33% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

42,000

DEPRECIATION

At 1 July 2013

37,508

Charge for year

1,483

At 30 June 2014

38,991

NET BOOK VALUE

At 30 June 2014

3,009

At 30 June 2013

4,492

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

6

Ordinary

£1

6

6