| Dive School Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Dive School Limited for the year ended 29 February 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Dive School Limited for the year ended 29 February 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| Geoffrey Rogers Chartered Accountants |
| Chartered Accountants |
| Metropolitan House |
| The Millfields |
| Plymouth |
| Devon |
| PL1 3JB |
|
| 10 November 2016 |
|
| Dive School Limited |
| Registered number: |
04647851 |
| Abbreviated Balance Sheet |
| as at 29 February 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
3,834 |
|
|
4,334 |
| Tangible assets |
3 |
|
|
48 |
|
|
56 |
|
|
|
|
3,882 |
|
|
4,390 |
|
| Current assets |
| Debtors |
|
|
43,086 |
|
|
31,531 |
| Cash at bank and in hand |
|
|
145 |
|
|
101 |
|
|
|
43,231 |
|
|
31,632 |
|
| Creditors: amounts falling due within one year |
|
|
(47,141) |
|
|
(29,485) |
|
| Net current (liabilities)/assets |
|
|
|
(3,910) |
|
|
2,147 |
|
| Total assets less current liabilities |
|
|
|
(28) |
|
|
6,537 |
|
|
| Provisions for liabilities |
|
|
|
(10) |
|
|
(11) |
|
|
| Net (liabilities)/assets |
|
|
|
(38) |
|
|
6,526 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
500 |
|
|
500 |
| Profit and loss account |
|
|
|
(538) |
|
|
6,026 |
|
| Shareholders' funds |
|
|
|
(38) |
|
|
6,526 |
|
|
|
|
|
|
|
|
| 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. |
| The 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. |
|
|
|
| Mr M W Layton |
| Director |
| Approved by the board on 10 November 2016 |
|
| Dive School Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 29 February 2016 |
|
| 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 January 2015). |
|
|
Going concern |
|
The financial statements have been prepared on a going concern basis which assumes the |
|
continued financial support of the director Mr M W Layton. |
|
|
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 |
20% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 March 2015 |
10,000 |
|
At 29 February 2016 |
10,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 March 2015 |
5,666 |
|
Provided during the year |
500 |
|
At 29 February 2016 |
6,166 |
|
|
|
|
|
|
|
|
Net book value |
|
At 29 February 2016 |
3,834 |
|
At 28 February 2015 |
4,334 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 March 2015 |
200 |
|
At 29 February 2016 |
200 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2015 |
144 |
|
Charge for the year |
8 |
|
At 29 February 2016 |
152 |
|
|
|
|
|
|
|
|
Net book value |
|
At 29 February 2016 |
48 |
|
At 28 February 2015 |
56 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
500 |
|
500 |
|
500 |
|
|
|
|
|
|
|
|
|
