SKINNY_DIPPING_LTD - Accounts

SKINNY DIPPING LIMITED - Company Information

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Company Registration No. 07644957 (England and Wales)

SKINNY DIPPING LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

SKINNY DIPPING LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

SKINNY DIPPING LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

244

4,918

Current assets

Debtors

5,551

8,716

Cash at bank and in hand

9,529

4,641

15,080

13,357

Creditors: amounts falling due within one year

(4,101)

(2,219)

Net current assets

10,979

11,138

Total assets less current liabilities

11,223

16,056

Creditors: amounts falling due after more than one year

(67,000)

(87,000)

(55,777)

(70,944)

Capital and reserves

Called up share capital

100

Profit and loss account

(55,877)

(71,044)

Shareholders' funds

(55,777)

(70,944)

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 October 2015

Mr A G Smith

Mr C A Farrow

Director

Company Registration No. 07644957

SKINNY DIPPING LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

Straightline basis over 2 to 4 years

Fixed assets

Tangible assets

Cost

At 1 April 2014

19,674

Additions

489

At 31 March 2015

20,163

Depreciation

At 1 April 2014

14,756

Charge for the year

5,163

At 31 March 2015

19,919

Net book value

At 31 March 2015

244

At 31 March 2014

4,918

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary of £1 each

100