Traditional Shipwright Services Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05757556 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

TRADITIONAL SHIPWRIGHT SERVICES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

T Frearson

P R Kendall

SECRETARY:

P R Kendall

REGISTERED OFFICE:

1 Townsend Park

North Street

Bere Regis

Wareham

BH20 7LA

REGISTERED NUMBER:

05757556 (England and Wales)

ACCOUNTANTS:

Graham Latham Limited

Hedge House Hangersley Hill

Hangersley

Ringwood

Hampshire

BH24 3JW

FIXED ASSETS

Tangible assets

2

1,660

2,214

CURRENT ASSETS

Stocks

27,500

43,000

Debtors

13,162

14,469

Cash at bank

-

10,791

40,662

68,260

CREDITORS

Amounts falling due within one year

30,937

39,485

NET CURRENT ASSETS

9,725

28,775

TOTAL ASSETS LESS CURRENT
LIABILITIES

11,385

30,989

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

11,383

30,987

SHAREHOLDERS' FUNDS

11,385

30,989

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 19 December 2016 and were signed on its behalf
by:

P R Kendall - 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 goods, 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 reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

5,977

DEPRECIATION

At 1 April 2015

3,763

Charge for year

554

At 31 March 2016

4,317

NET BOOK VALUE

At 31 March 2016

1,660

At 31 March 2015

2,214

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Ordinary

£1

2