Abbreviated Company Accounts - NICK THOMPSON SAILING LIMITED

NICK THOMPSON SAILING LIMITED - Company Information

08179878 NICK THOMPSON SAILING LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 08179878 2014-09-01 2015-08-31 08179878 2015-08-31 08179878 2014-08-31 08179878 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 08179878 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 08179878

NICK THOMPSON SAILING LIMITED

Abbreviated Accounts

31 August 2015

NICK THOMPSON SAILING LIMITED Registered Number 08179878

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	6,615	12,393
		6,615	12,393
Current assets
Cash at bank and in hand		611	863
		611	863
Creditors: amounts falling due within one year		(37,672)	(29,706)
Net current assets (liabilities)		(37,061)	(28,843)
Total assets less current liabilities		(30,446)	(16,450)
Total net assets (liabilities)		(30,446)	(16,450)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(30,447)	(16,451)
Shareholders' funds		(30,446)	(16,450)

For the year ending 31 August 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 27 May 2016

And signed on their behalf by:
N A Thompson, Director

NICK THOMPSON SAILING LIMITED Registered Number 08179878

Notes to the Abbreviated Accounts for the period ended 31 August 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 amounts chargeable in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected economic life as follows:

Plant & Equipment - 3 years straight line & 25% reducing balance
Fixtures & Fittings - 3 years straight line
Boats - 25% Reducing Balance

Other accounting policies
Going Concern - There were net liabilities at the balance sheet date. These financial statements have been prepared on a going concern basis which is dependent upon the continued support of the directors.

2Tangible fixed assets

	£
Cost
At 1 September 2014	20,508
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	20,508
Depreciation
At 1 September 2014	8,115
Charge for the year	5,778
On disposals	-
At 31 August 2015	13,893
Net book values
At 31 August 2015	6,615
At 31 August 2014	12,393

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1