Abbreviated Company Accounts - ILFRACOMBE COASTAL CRUISES LIMITED

Abbreviated Company Accounts - ILFRACOMBE COASTAL CRUISES LIMITED


Registered Number 07894544

ILFRACOMBE COASTAL CRUISES LIMITED

Abbreviated Accounts

31 March 2015

ILFRACOMBE COASTAL CRUISES LIMITED Registered Number 07894544

Abbreviated Balance Sheet as at 31 March 2015

Notes 31/03/2015 31/01/2014
£ £
Fixed assets
Tangible assets 2 216,562 228,000
216,562 228,000
Current assets
Debtors 2,966 2,662
Cash at bank and in hand 13,353 45,247
16,319 47,909
Creditors: amounts falling due within one year (150,234) (204,768)
Net current assets (liabilities) (133,915) (156,859)
Total assets less current liabilities 82,647 71,141
Provisions for liabilities (39,631) (40,976)
Total net assets (liabilities) 43,016 30,165
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 42,916 30,065
Shareholders' funds 43,016 30,165
  • For the year ending 31 March 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 10 December 2015

And signed on their behalf by:
S G Barbeary, Director

ILFRACOMBE COASTAL CRUISES LIMITED Registered Number 07894544

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total value of goods, excluding value added tax, provided to customers during the period, plus the value of work, excluding value added tax, performed during the year with respect to services.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 5% straight line
Fixtures, fittings and equipment - 25% straight line

Tangible fixed assets are stated at cost less accumulated depreciation.

Other accounting policies
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2Tangible fixed assets
£
Cost
At 1 February 2014 240,000
Additions 749
Disposals -
Revaluations -
Transfers -
At 31 March 2015 240,749
Depreciation
At 1 February 2014 12,000
Charge for the year 12,187
On disposals -
At 31 March 2015 24,187
Net book values
At 31 March 2015 216,562
At 31 January 2014 228,000
3Called Up Share Capital
Allotted, called up and fully paid:
31/03/2015
£
31/01/2014
£
100 Ordinary shares of £1 each 100 100