Galleon Storage & Mooring Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05686295 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Galleon Storage & Mooring Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

W T C Bent

H J Alston

M J Deveson

SECRETARY:

M J Deveson

REGISTERED OFFICE:

Broome Cottage

Northgate

BECCLES

Suffolk

NR34 9AS

REGISTERED NUMBER:

05686295 (England and Wales)

ACCOUNTANTS:

Argents Chartered Accountants

15 Palace Street

NORWICH

Norfolk

NR3 1RT

FIXED ASSETS

Tangible assets

2

203,050

207,171

CURRENT ASSETS

Debtors

2,937

4,126

Cash at bank and in hand

34,430

18,076

37,367

22,202

CREDITORS

Amounts falling due within one year

60,417

44,823

NET CURRENT LIABILITIES

(23,050

)

(22,621

)

TOTAL ASSETS LESS CURRENT LIABILITIES

180,000

184,550

CREDITORS

Amounts falling due after more than one year

698,941

694,689

NET LIABILITIES

(518,941

)

(510,139

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(518,943

)

(510,141

)

SHAREHOLDERS' FUNDS

(518,941

)

(510,139

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 6 September 2016 and were signed on its behalf by:

W T C Bent - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 2% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

452,644

Additions

3,638

At 31 March 2016

456,282

DEPRECIATION

At 1 April 2015

245,473

Charge for year

7,759

At 31 March 2016

253,232

NET BOOK VALUE

At 31 March 2016

203,050

At 31 March 2015

207,171

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

4.	ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The ultimate parent company is A T Bent (Properties) Limited, a company registered in England and Wales, by

virtue of its 100% shareholding in the company. A T Bent (Properties) Limited is under the control of Mr W T C

Bent and Mrs E M L Bent by virtue of their 100% shareholding in the company.