MANCHESTER_BEE_BOAT_COMPA - Accounts

THE MANCHESTER BEE BOAT COMPANY LTD - Company Information

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Company Registration No. 09602132 (England and Wales)

MANCHESTER BEE BOAT COMPANY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2016

MANCHESTER BEE BOAT COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

MANCHESTER BEE BOAT COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

Notes

Fixed assets

Tangible assets

55,167

Current assets

Debtors

1,563

Cash at bank and in hand

10,762

12,325

Creditors: amounts falling due within one year

(48,400)

Net current liabilities

(36,075)

Total assets less current liabilities

19,092

Creditors: amounts falling due after more than one year

(21,899)

(2,807)

Capital and reserves

Called up share capital

Profit and loss account

(2,808)

Shareholder's funds

(2,807)

For the financial Period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The director acknowledges her 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 11 November 2016

Miss B Bone

Director

Company Registration No. 09602132

MANCHESTER BEE BOAT COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2016

- 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).

The accounts are prepared on a going concern basis, as the directors, shareholders and connected companies will continue to support the company in meeting its expenditure and any other potential liabilities for a period of at least twelve months following the approval of these accounts.

1.2

Turnover

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

1.3

Tangible fixed assets and depreciation

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost

At 21 May 2015

Additions

55,167

At 31 March 2016

55,167

Share capital

2016

Allotted, called up and fully paid

1 Ordinary shares of £1 each