Flippers Swim Babes Limited - Period Ending 2016-07-31
Flippers Swim Babes Limited - Period Ending 2016-07-31
Registration number:
trading as
Unaudited Abbreviated Accounts
for the Year Ended
Flippers Swim Babes Limited
trading as Swimbabes
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Flippers Swim Babes Limited
trading as Swimbabes
for the Year Ended 31 July 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Flippers Swim Babes Limited for the year ended 31 July 2016 set out on pages 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Flippers Swim Babes Limited, as a body, in accordance with the terms of our engagement letterdated 1 May 2004. Our work has been undertaken solely to prepare for your approval the accounts of Flippers Swim Babes Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Flippers Swim Babes Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Flippers Swim Babes Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Flippers Swim Babes Limited. You consider that Flippers Swim Babes Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Flippers Swim Babes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Robinson Rice Associates Limited
Chartered Accountants, Statutory Auditors & Chartered Tax Advisors
30 Crosby Road North
Liverpool
Merseyside
L22 4QF
12 January 2017
Flippers Swim Babes Limited
trading as Swimbabes
(Registration number: 04977710)
Abbreviated Balance Sheet at 31 July 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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Mr G A Molloy
Director
2
Flippers Swim Babes Limited
trading as Swimbabes
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Office equipment |
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Stock
Deferred tax
Hire purchase and leasing
Financial instruments
Pensions
Flippers Swim Babes Limited
trading as Swimbabes
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 August 2015 |
13,548 |
13,548 |
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Additions |
3,855 |
3,855 |
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At 31 July 2016 |
17,403 |
17,403 |
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Depreciation |
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At 1 August 2015 |
6,128 |
6,128 |
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Charge for the year |
1,690 |
1,690 |
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At 31 July 2016 |
7,818 |
7,818 |
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Net book value |
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At 31 July 2016 |
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At 31 July 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Related party transactions |
Directors' advances and credits |
2016 |
2016 |
2015 |
2015 |
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Mr G A Molloy |
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(14,951) |
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Mrs L E Molloy |
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(14,951) |
- |