Seachoice Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01546024

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

SEACHOICE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C L B Niven

B H Houlihan

M McNamee

Mrs C A Houlihan

Mrs C S M Neville-Jones

REGISTERED OFFICE:

61 Station Road

Sudbury

Suffolk

CO10 2SP

REGISTERED NUMBER:

01546024

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

30,624

Tangible assets

2

27,021

140,426

Investments

3

140,426

171,050

167,447

CURRENT ASSETS

155,308

Debtors

184,695

92,099

Cash at bank and in hand

106,224

247,407

290,919

CREDITORS

276,002

Amounts falling due within one year

306,796

(28,595

)

NET CURRENT LIABILITIES

(15,877

)

142,455

TOTAL ASSETS LESS CURRENT
LIABILITIES

151,570

CREDITORS

141,589

Amounts falling due after more than one
year

141,589

866

NET ASSETS

9,981

CAPITAL AND RESERVES

100

Called up share capital

4

100

766

Profit and loss account

9,881

866

SHAREHOLDERS' FUNDS

9,981

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 30 June 2016 and were signed on its
behalf by:

C L B Niven - Director

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 sale of goods and services excluding VAT. 33.66% was to overseas

markets (2013 - 37.17%).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Building improvements

-

20% on cost

Office equipment

-

20% on cost

Cinema equipment

-

33% on cost and 20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date. No provision for deferred taxation is considered necessary.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling

at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

74,394

Additions

9,939

At 31 December 2015

84,333

DEPRECIATION

At 1 January 2015

43,770

Charge for year

13,542

At 31 December 2015

57,312

NET BOOK VALUE

At 31 December 2015

27,021

At 31 December 2014

30,624

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

500

NET BOOK VALUE

At 31 December 2015

500

At 31 December 2014

500

Investments (neither listed nor unlisted) were as follows:

31/12/15

31/12/14

£

Loan Colne Bar Properties Ltd

139,926

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/15

31/12/14

value:

£

100

Ordinary

£1

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company purchased services from and paid rent to the following companies in

which the directors are materially interested as shareholders and / or directors. The services were

purchased on a normal trading basis:-

31/12/14

31/12/13

£

C L B Niven - Zetachoice Limited

24,149

18,322

B H Houlihan - Seamarketing Limited

30,750

25,999

C L B Niven and B H Houlihan - Colne Bar Properties Limited

33,144

38,344

The company also received amounts of £2,896 (2013 - £561) from Seachoice (Scandinavia) Limited,

a company in which C L B Niven and M McNamee are directors.