Accounts filed on 31-03-2016


Registered number: 08539178






Playdays Fishguard Limited


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016
























Prepared By:
Pritchard & Co
Chartered Certified Accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31 March 2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 08539178


Registered Number: 08539178

BALANCE SHEET AT 31 MARCH 2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Intangible assets	2		11,250		16,250
Tangible assets	3		8,786		6,052

			20,036		22,302

CURRENT ASSETS
Debtors (amounts falling due within one year)	4	3,767		3,767
Cash at bank and in hand		107,735		76,821
		111,502		80,588
CREDITORS: Amounts falling due within one year		114,668		85,133
NET CURRENT LIABILITIES			(3,166)		(4,545)
TOTAL ASSETS LESS CURRENT LIABILITIES			16,870		17,757


PROVISIONS FOR LIABILITIES			1,045		342

NET ASSETS			15,825		17,415

CAPITAL AND RESERVES

Called up share capital	5		1		1
Profit and loss account			15,824		17,414
SHAREHOLDERS' FUNDS			15,825		17,415

For the year ending 31 March 2016 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




Mrs K M McDonald
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 25%
Fixtures and Fittings		reducing balance 15%




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.




4. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
Trade debtors	3,767	3,767
	3,767	3,767


5. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
1 Ordinary shares of £1.00 each	1	1
	1	1




6. TRANSACTIONS WITH DIRECTORS
The director has lent money to the company. The amout outstanding at the year end was £101,007 (2015 - £72,295).




7. CONTROLLING PARTY
The Company is controlled by Mrs K M McDonald by virtue of the fact that she holds 100% of the issued share capital.