Down The Line Surf Company Limited - Limited company - abbreviated - 11.9

Down The Line Surf Company Limited - Limited company - abbreviated - 11.9

DOWN THE LINE SURF COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 04411152 (England and Wales)















Abbreviated Unaudited Accounts

for the Year Ended 31st January 2015

for

Down The Line Surf Company Limited

Down The Line Surf Company Limited (Registered number: 04411152)

Contents of the Abbreviated Accounts
for the Year Ended 31st January 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Down The Line Surf Company Limited

Company Information
for the Year Ended 31st January 2015







DIRECTORS: T Clayton
Mrs VF Clayton





SECRETARY: Mrs VF Clayton





REGISTERED OFFICE: Market Square Arcade
Copperhouse
Hayle
Cornwall
TR27 4EA





REGISTERED NUMBER: 04411152 (England and Wales)





ACCOUNTANTS: Addition Accountants Limited
The Regent
Chapel Street
Penzance
Cornwall
TR18 4AE
Page 1
Down The Line Surf Company Limited (Registered number: 04411152)

Abbreviated Balance Sheet
31st January 2015

31/1/15 31/1/14
Notes £    £   
FIXED ASSETS
Intangible assets 2 9,000 12,000
Tangible assets 3 180,840 180,305
189,840 192,305

CURRENT ASSETS
Stocks 290,532 178,332
Debtors 3,414 2,853
Cash at bank 67,431 105,682
361,377 286,867
CREDITORS
Amounts falling due within one year (159,659 ) (98,772 )
NET CURRENT ASSETS 201,718 188,095
TOTAL ASSETS LESS CURRENT
LIABILITIES
391,558
380,400

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 391,458 380,300
SHAREHOLDERS' FUNDS 391,558 380,400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2015 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 notes form part of these abbreviated accounts

Page 2 continued...
Down The Line Surf Company Limited (Registered number: 04411152)

Abbreviated Balance Sheet - continued
31st January 2015


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 30th October 2015 and were signed on its
behalf by:




T Clayton - Director



Mrs VF Clayton - Director


The notes form part of these abbreviated accounts

Page 3
Down The Line Surf Company Limited (Registered number: 04411152)

Notes to the Abbreviated Accounts
for the Year Ended 31st January 2015


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 goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

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

Plant and machinery etc -20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete
and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over
the period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1st February 2014
and 31st January 2015 60,000
AMORTISATION
At 1st February 2014 48,000
Amortisation for year 3,000
At 31st January 2015 51,000
NET BOOK VALUE

At 31st January 2015 9,000
At 31st January 2014 12,000

Page 4 continued...
Down The Line Surf Company Limited (Registered number: 04411152)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31st January 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st February 2014 340,171
Additions 16,207
At 31st January 2015 356,378
DEPRECIATION
At 1st February 2014 159,866
Charge for year 15,672
At 31st January 2015 175,538
NET BOOK VALUE
At 31st January 2015 180,840
At 31st January 2014 180,305

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/15 31/1/14
value: £    £   
100 Ordinary £1 100 100

Page 5