Allboat Services Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06345870 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

ALLBOAT SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr N C Nutt

Miss P A Course

SECRETARY:

Mr J P Ainsworth

REGISTERED OFFICE:

Suite 1, Plymouth Yacht Haven

Shaw Way

Mount Batten

Plymouth

Devon

PL9 9XH

REGISTERED NUMBER:

06345870 (England and Wales)

ACCOUNTANTS:

Parkhurst Hill and Thomas Westcott

Plym House

3 Longbridge Road

Marsh Mills

Plymouth

Devon

PL6 8LT

FIXED ASSETS

Tangible assets

2

16,474

18,421

CURRENT ASSETS

Stocks

3,040

3,000

Debtors

69,801

101,713

Cash at bank and in hand

76,932

53,994

149,773

158,707

CREDITORS

Amounts falling due within one year

130,650

108,481

NET CURRENT ASSETS

19,123

50,226

TOTAL ASSETS LESS CURRENT LIABILITIES

35,597

68,647

PROVISIONS FOR LIABILITIES

3,295

3,684

NET ASSETS

32,302

64,963

CAPITAL AND RESERVES

Called up share capital

3

100

100

Retained earnings

32,202

64,863

SHAREHOLDERS' FUNDS

32,302

64,963

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 4 February 2016 and were signed on its behalf by:

Mr N C Nutt - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sale of goods and services net of VAT and trade discounts. Turnover is recognised when the

services are provided.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% straight line

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net

realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow

moving, obsolete or damaged stock where the net realisable value is less than cost.

Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and

an appropriate proportion of fixed and variable overheads.

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 profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

36,709

Additions

5,179

Disposals

(2,700

)

At 31 December 2015

39,188

DEPRECIATION

At 1 January 2015

18,288

Charge for year

6,493

Eliminated on disposal

(2,067

)

At 31 December 2015

22,714

NET BOOK VALUE

At 31 December 2015

16,474

At 31 December 2014

18,421

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100