Sea and Waterways Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC413254 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

SEA AND WATERWAYS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

W Wright

Mrs K M Wright

SECRETARY:

REGISTERED OFFICE:

Waverley Lodge

Lodgehill Road

Nairn

Highland

IV12 4QL

REGISTERED NUMBER:

SC413254 (Scotland)

ACCOUNTANTS:

Goldwells Ltd

Unit 10B

Balmakeith Industrial Estate

Nairn

Highland

IV12 5QW

FIXED ASSETS

Tangible assets

2

1,176

1,567

CURRENT ASSETS

Debtors

2,200

6,000

Cash at bank

5,315

5,805

7,515

11,805

CREDITORS

Amounts falling due within one year

7,815

7,850

NET CURRENT (LIABILITIES)/ASSETS

(300

)

3,955

TOTAL ASSETS LESS CURRENT LIABILITIES

876

5,522

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

676

5,322

SHAREHOLDERS' FUNDS

876

5,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 23 May 2015 and were signed on its behalf by:

W Wright - 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).

Turnover

Turnover represents net invoiced sales of services, excluding value added

tax.

Tangible fixed assets

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have

originated but not reversed at the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions

payable to the company's pension scheme are charged to the profit and loss

account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

2,237

DEPRECIATION

At 1 January 2014

670

Charge for year

391

At 31 December 2014

1,061

NET BOOK VALUE

At 31 December 2014

1,176

At 31 December 2013

1,567

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

200

Ordinary

1

200

200