Abbreviated Company Accounts - NORTHNEY YACHT REPAIR LTD

Abbreviated Company Accounts - NORTHNEY YACHT REPAIR LTD

NORTHNEY YACHT REPAIR LTD - Company Information

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Registered Number 09296019

NORTHNEY YACHT REPAIR LTD

Abbreviated Accounts

30 November 2015

NORTHNEY YACHT REPAIR LTD Registered Number 09296019

Abbreviated Balance Sheet as at 30 November 2015

Notes 2015
£
Fixed assets
Intangible assets 2 10,000
Tangible assets 3 5,997
15,997
Current assets
Stocks 6,350
Debtors 3,672
Cash at bank and in hand 9,344
19,366
Creditors: amounts falling due within one year (29,807)
Net current assets (liabilities) (10,441)
Total assets less current liabilities 5,556
Creditors: amounts falling due after more than one year (5,259)
Total net assets (liabilities) 297
Capital and reserves
Called up share capital 2
Profit and loss account 295
Shareholders' funds 297
  • For the year ending 30 November 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 28 July 2016

And signed on their behalf by:
C Murch, Director

NORTHNEY YACHT REPAIR LTD Registered Number 09296019

Notes to the Abbreviated Accounts for the period ended 30 November 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 sales net of value added tax

Tangible assets depreciation policy
Depreciation is provided at the following rates:-
Computer Equipment 33% on cost
Plant & Machinery 25% on cost

2Intangible fixed assets
£
Cost
Additions 10,000
Disposals -
Revaluations -
Transfers -
At 30 November 2015 10,000
Amortisation
Charge for the year -
On disposals -
At 30 November 2015 -
Net book values
At 30 November 2015 10,000
3Tangible fixed assets
£
Cost
Additions 7,997
Disposals -
Revaluations -
Transfers -
At 30 November 2015 7,997
Depreciation
Charge for the year 2,000
On disposals -
At 30 November 2015 2,000
Net book values
At 30 November 2015 5,997