Coastal Space Limited - Limited company - abbreviated - 11.9
Coastal Space Limited - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
Coastal Space Limited |
ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015 |
Coastal Space Limited (Registered number: 06160825) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 March 2015 |
Page |
Abbreviated Balance Sheet | 1 |
Notes to the Abbreviated Accounts | 3 |
Coastal Space Limited (Registered number: 06160825) |
ABBREVIATED BALANCE SHEET |
31 March 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
Coastal Space Limited (Registered number: 06160825) |
ABBREVIATED BALANCE SHEET - continued |
31 March 2015 |
The director acknowledges his 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 financial statements were approved by the director on |
Coastal Space Limited (Registered number: 06160825) |
NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 March 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). |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
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 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. |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, |
as either 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. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2014 |
and 31 March 2015 |
DEPRECIATION |
At 1 April 2014 |
Charge for year |
At 31 March 2015 |
NET BOOK VALUE |
At 31 March 2015 |
At 31 March 2014 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | £1 |
Coastal Space Limited (Registered number: 06160825) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 31 March 2015 |
4. | RELATED PARTY DISCLOSURES |
Mr. C. W. Hardy |
A shareholder in the company. |
2015 | 2014 |
£ | £ |
Amount due from/(to) related party at the balance sheet date | ( |
) |
CRD Properties Limited |
A company in which Mr C Hardy is a director and shareholder |
2015 | 2014 |
£ | £ |
Amount due from/(to) related party at the balance sheet date | ( |
) |
5. | GOING CONCERN |
At the balance sheet date the balance sheet shows negative shareholders funds of £23,172 The applicability of |
going concern is dependent on upon the continued financial support of the company's director and shareholder. |