Sarah's Fisheries Ltd
Sarah's Fisheries Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2019
WHC
Chartered Accountants
138 Quay Road
Bridlington
East Yorkshire
YO16 4JB
Sarah's Fisheries Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2019
Unaudited Financial Statements
Contents | |
Page | |
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Abridged Balance Sheet | 1—2 |
Notes to the Abridged Financial Statements | 3—5 |
Sarah's Fisheries Ltd
Abridged Balance Sheet
As at
31 August 2019
Abridged Balance Sheet
Registered number:
09181343
For the year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2019 | 2018 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 3 |
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Tangible Assets | 4 |
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CURRENT ASSETS | |||||
Debtors |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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Creditors: Amounts Falling Due After More Than One Year | - | (3,325) | |||
NET LIABILITIES |
( |
( |
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CAPITAL AND RESERVES | |||||
Called up share capital | 5 |
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Profit and Loss Account |
( |
( |
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SHAREHOLDERS' FUNDS | (49,849) | (34,960) | |||
Page 1
Sarah's Fisheries Ltd
Abridged Balance Sheet (continued)
As at
31 August 2019
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
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All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2019 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Director
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Sarah's Fisheries Ltd
Notes to the Abridged Financial Statements
For The Year Ended 31 August 2019
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors have provided assurances that they have the means and intention to continue to support the company for the foreseeable future and the accounts have consequently been prepared on the going concern basis.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.4.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
1.5.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery |
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Fishing Boat |
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2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2018: 1)
Page 3
Sarah's Fisheries Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 August 2019
3.
Intangible Assets
Total | |||
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£ | |||
Cost | |||
As at |
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As at |
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Amortisation | |||
As at |
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Provided during the period |
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As at |
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Net Book Value | |||
As at |
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As at |
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4.
Tangible Assets
Total | |
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£ | |
Cost | |
As at |
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As at |
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Depreciation | |
As at |
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Provided during the period |
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As at |
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Net Book Value | |
As at |
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As at |
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Page 4
Sarah's Fisheries Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 August 2019
6.
General Information
Sarah's Fisheries Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09181343 . The registered office is 138 Quay Road, Bridlington, North Humberside, YO16 4JB.
Page 5