Abbreviated Company Accounts - SARAH-JANE FISHING LIMITED
Abbreviated Company Accounts - SARAH-JANE FISHING LIMITED
Registered Number 03441516
SARAH-JANE FISHING LIMITED
Abbreviated Accounts
31 January 2015
SARAH-JANE FISHING LIMITED Registered Number 03441516
Abbreviated Balance Sheet as at 31 January 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
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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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
For the year ending 31 January 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
And signed on their behalf by:
SARAH-JANE FISHING LIMITED Registered Number 03441516
Notes to the Abbreviated Accounts for the period ended 31 January 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and equipment - 10% on cost
Plant and equipment includes £578,843 (2014 - £578,843) which relates to boats. In the opinion of the director they are constantly maintained in such a good state of repair that the value of the boats is far in excess of cost at Balance Sheet date. The director considers that there is no provision for depreciation applicable.
Other accounting policies
At the Balance Sheet date, the company's liabilities exceeded its assets. The company has received assurances from its holding company, Medi-Services Limited, that it will continue to give financial support to the company for twelve months from the date of signing of these financial statements.
On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities that might be necessary should this basis not continue to be appropriate.
£ | |
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Cost | |
At 1 February 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 January 2015 |
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Depreciation | |
At 1 February 2014 |
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Charge for the year |
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On disposals |
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At 31 January 2015 |
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Net book values | |
At 31 January 2015 | 578,843 |
At 31 January 2014 | 578,843 |