Abbreviated Company Accounts - LIBERATION YACHT COMPANY LTD

Abbreviated Company Accounts - LIBERATION YACHT COMPANY LTD

LIBERATION YACHT COMPANY LTD - Company Information

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Registered Number 05493397

LIBERATION YACHT COMPANY LTD

Abbreviated Accounts

30 June 2014

LIBERATION YACHT COMPANY LTD Registered Number 05493397

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 105,771 199,555
105,771 199,555
Current assets
Cash at bank and in hand 101 106
101 106
Creditors: amounts falling due within one year (328,858) (328,558)
Net current assets (liabilities) (328,757) (328,452)
Total assets less current liabilities (222,986) (128,897)
Total net assets (liabilities) (222,986) (128,897)
Capital and reserves
Called up share capital 100 100
Profit and loss account (223,086) (128,997)
Shareholders' funds (222,986) (128,897)
  • For the year ending 30 June 2014 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 31 March 2015

And signed on their behalf by:
R J BRAIN, Director

LIBERATION YACHT COMPANY LTD Registered Number 05493397

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting 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.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

2Tangible fixed assets
£
Cost
At 1 July 2013 468,920
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2014 468,920
Depreciation
At 1 July 2013 269,365
Charge for the year 93,784
On disposals -
At 30 June 2014 363,149
Net book values
At 30 June 2014 105,771
At 30 June 2013 199,555