Abbreviated Company Accounts - COASTAL OIL AND GAS LIMITED

COASTAL OIL AND GAS LIMITED - Company Information

03440732 COASTAL OIL AND GAS LIMITED 2015-12-30 false 2015-01-01 2015-12-30 true 03440732 2015-01-01 2015-12-30 03440732 2015-12-30 03440732 2014-12-31 03440732 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-30 03440732 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 03440732

COASTAL OIL AND GAS LIMITED

Abbreviated Accounts

30 December 2015

COASTAL OIL AND GAS LIMITED Registered Number 03440732

Abbreviated Balance Sheet as at 30 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	273,464	273,464
		273,464	273,464
Current assets
Debtors		175,897	140,556
Cash at bank and in hand		305	5,087
		176,202	145,643
Creditors: amounts falling due within one year		(899,338)	(700,045)
Net current assets (liabilities)		(723,136)	(554,402)
Total assets less current liabilities		(449,672)	(280,938)
Total net assets (liabilities)		(449,672)	(280,938)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		(450,672)	(281,938)
Shareholders' funds		(449,672)	(280,938)

For the year ending 30 December 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 19 December 2016

And signed on their behalf by:
G L WILLIAMS, Director

COASTAL OIL AND GAS LIMITED Registered Number 03440732

Notes to the Abbreviated Accounts for the period ended 30 December 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.

Intangible assets amortisation policy
Intangible assets comprise gas exploration costs. Gas exploration costs are to be written off to the profit and loss account as gas reserves are depleted.

2Intangible fixed assets

	£
Cost
At 1 January 2015	273,464
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 December 2015	273,464
Amortisation
At 1 January 2015	-
Charge for the year	-
On disposals	-
At 30 December 2015	-
Net book values
At 30 December 2015	273,464
At 31 December 2014	273,464

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000