HAMBLE_SCHOOL_OF_YACHTING - Accounts

HAMBLE SCHOOL OF YACHTING LIMITED - Company Information

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Company Registration No. 05363804 (England and Wales)

HAMBLE SCHOOL OF YACHTING LIMITED

LIMITED BY GUARANTEE

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

HAMBLE SCHOOL OF YACHTING LIMITED

LIMITED BY GUARANTEE

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

HAMBLE SCHOOL OF YACHTING LIMITED

LIMITED BY GUARANTEE

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

225

Current assets

Debtors

4,887

22,585

Cash at bank and in hand

86,701

63,149

91,588

85,734

Creditors: amounts falling due within one year

(86,380)

(80,777)

Net current assets

5,208

4,957

Total assets less current liabilities

5,208

5,182

Capital and reserves

Profit and loss account

5,208

5,182

Shareholders' funds

5,208

5,182

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 4 August 2016

Mr R Gaffney

Mr C Rushton

Director

Company Registration No. 05363804

HAMBLE SCHOOL OF YACHTING LIMITED

LIMITED BY GUARANTEE

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Fixed assets

Intangible assets

Cost

At 1 January 2015 & at 31 December 2015

13,424

Depreciation

At 1 January 2015

13,199

Charge for the year

225

At 31 December 2015

13,424

Net book value

At 31 December 2015

At 31 December 2014

225