Sandbanks and Harbourside Marine Limited - Period Ending 2015-02-28

Registration number: 04987828

Sandbanks and Harbourside Marine Limited

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2015
 

Tudor Payne & Co
Chartered Accountants
52 Parkstone Road
Poole
Dorset
BH15 2PU

Sandbanks and Harbourside Marine Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Sandbanks and Harbourside Marine Limited
(Registration number: 04987828)
Abbreviated Balance Sheet at 28 February 2015

		Note			2015 £			2014 £
Current assets
Stocks					1,268			1,410
Debtors					2,150			6,932
Cash at bank and in hand					9,124			10,941
					12,542			19,283
Creditors: Amounts falling due within one year					(2,300)			(7,863)
Net assets					10,242			11,420
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					10,142			11,320
Shareholders' funds					10,242			11,420

For the year ending 28 February 2015 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 25 June 2015 and signed on its behalf by:

.........................................
R J Savage
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Sandbanks and Harbourside Marine Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2014		9,821			9,821
At 28 February 2015		9,821			9,821
Depreciation
At 1 March 2014		9,821			9,821
At 28 February 2015		9,821			9,821
Net book value
At 28 February 2015		-			-
At 28 February 2014		-			-

Page 2

Sandbanks and Harbourside Marine Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 3