Cape Castle Seafoods Limited - Period Ending 2015-03-31

Registration number: 05754404

Cape Castle Seafoods Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

UHA Limited
  Chartered Certified Accountants
  241 Ruskin Park House
  Champion Hill
  London
  SE5 8TG

Cape Castle Seafoods Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Cape Castle Seafoods Limited
(Registration number: 05754404)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					1,444			1,976
Current assets
Debtors					93,576			40,282
Cash at bank and in hand					-			35,764
					93,576			76,046
Creditors: Amounts falling due within one year					(81,073)			(49,400)
Net current assets					12,503			26,646
Net assets					13,947			28,622
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					13,847			28,522
Shareholders' funds					13,947			28,622

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 9 December 2015 and signed on its behalf by:

.........................................
M Smyth
Director

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

Cape Castle Seafoods Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 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

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:

Asset class	Depreciation method and rate
Plant and machinery	20% on cost
Fixtures, fittings & equipment	20% on cost
Motor Vehicles	20% on cost

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Cape Castle Seafoods Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		9,413			9,413
Additions		193			193
At 31 March 2015		9,606			9,606
Depreciation
At 1 April 2014		7,437			7,437
Charge for the year		725			725
At 31 March 2015		8,162			8,162
Net book value
At 31 March 2015		1,444			1,444
At 31 March 2014		1,976			1,976

3	Share capital

Allotted, called up and fully paid shares

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

Page 3