Avon Boating Ltd - Abbreviated accounts 16.1

Avon Boating Ltd - Abbreviated accounts 16.1

AVON BOATING LTD - Company Information

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REGISTERED NUMBER: 05149985













ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

AVON BOATING LTD

AVON BOATING LTD (REGISTERED NUMBER: 05149985)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 6

AVON BOATING LTD

COMPANY INFORMATION
for the Year Ended 31 December 2015







DIRECTORS: N L Birch
J D Swinfen
G R Sanders





SECRETARY: J D Swinfen





REGISTERED OFFICE: Swans Nest Boathouse
Swans Nest Lane
Stratford upon Avon
Warwickshire
CV37 7LS





REGISTERED NUMBER: 05149985





ACCOUNTANTS: Cooper Adams Ltd
12 Payton Street
Stratford upon Avon
Warwickshire
CV37 6UA
Page 1
AVON BOATING LTD (REGISTERED NUMBER: 05149985)

ABBREVIATED BALANCE SHEET
31 December 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 85,000 95,000
Tangible assets 3 275,706 280,241
360,706 375,241

CURRENT ASSETS
Stocks 32,045 28,824
Debtors 39,278 40,428
Cash at bank and in hand 172,000 119,206
243,323 188,458
CREDITORS
Amounts falling due within one year 123,087 144,924
NET CURRENT ASSETS 120,236 43,534
TOTAL ASSETS LESS CURRENT
LIABILITIES
480,942
418,775

CREDITORS
Amounts falling due after more than one
year
22,479
34,803
NET ASSETS 458,463 383,972

CAPITAL AND RESERVES
Called up share capital 4 1,000 1,000
Profit and loss account 457,463 382,972
SHAREHOLDERS' FUNDS 458,463 383,972

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 notes form part of these abbreviated accounts

Page 2 continued...
AVON BOATING LTD (REGISTERED NUMBER: 05149985)

ABBREVIATED BALANCE SHEET - continued
31 December 2015


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 16 May 2016 and were signed on its
behalf by:





N L Birch - Director


The notes form part of these abbreviated accounts

Page 3
AVON BOATING LTD (REGISTERED NUMBER: 05149985)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 December 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 January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of
service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold - Straight line over 10 years
Fixtures, plant and machinery - 25% on reducing balance
Boats - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant
period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they
relate.

Page 4 continued...
AVON BOATING LTD (REGISTERED NUMBER: 05149985)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 December 2015

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 200,000
AMORTISATION
At 1 January 2015 105,000
Amortisation for year 10,000
At 31 December 2015 115,000
NET BOOK VALUE

At 31 December 2015 85,000
At 31 December 2014 95,000

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 538,275
Additions 37,517
Disposals (7,811 )
At 31 December 2015 567,981
DEPRECIATION
At 1 January 2015 258,034
Charge for year 36,867
Eliminated on disposal (2,626 )
At 31 December 2015 292,275
NET BOOK VALUE
At 31 December 2015 275,706
At 31 December 2014 280,241

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
1,000 Ordinary £1 1,000 1,000

Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AVON BOATING LTD

The following reproduces the text of the report prepared for the directors in respect of the company's
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on
pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval
the financial statements of Avon Boating Ltd for the year ended 31 December 2015 which comprise the Profit
and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Avon Boating Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Avon Boating Ltd and state those matters that we have agreed to state to the Board of Directors of Avon Boating Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Avon Boating Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Avon Boating Ltd. You consider that Avon Boating Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Avon Boating Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Adams Ltd
12 Payton Street
Stratford upon Avon
Warwickshire
CV37 6UA


16 May 2016

This page does not form part of the abbreviated accounts

Page 6