| Bristol Channel Diving Services Limited |
| Registered number: |
03088006 |
| Abbreviated Balance Sheet |
| as at 31 December 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
5,370 |
|
|
7,259 |
|
| Current assets |
| Stocks |
|
|
32,425 |
|
|
35,650 |
| Debtors |
|
|
- |
|
|
6,023 |
| Cash at bank and in hand |
|
|
10,004 |
|
|
3,107 |
|
|
|
42,429 |
|
|
44,780 |
|
| Creditors: amounts falling due within one year |
|
|
(76,536) |
|
|
(89,715) |
|
| Net current liabilities |
|
|
|
(34,107) |
|
|
(44,935) |
|
| Net liabilities |
|
|
|
(28,737) |
|
|
(37,676) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Revaluation reserve |
|
|
|
1,627 |
|
|
1,627 |
| Profit and loss account |
|
|
|
(30,366) |
|
|
(39,305) |
|
| Shareholders' funds |
|
|
|
(28,737) |
|
|
(37,676) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| N J Brock |
| Director |
| Approved by the board on 22 April 2016 |
|
| Bristol Channel Diving Services Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
82,642 |
|
At 31 December 2015 |
82,642 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2015 |
75,383 |
|
Charge for the year |
1,889 |
|
At 31 December 2015 |
77,272 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
5,370 |
|
At 31 December 2014 |
7,259 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Going concern |
|
|
The accounts have been prepared on the going concern basis. |
|
The directors and shareholders financially support the company to ensure that |
|
liabilities are paid as they fall due. |
