Abbreviated Company Accounts - SARAH-JANE FISHING LIMITED

SARAH-JANE FISHING LIMITED - Company Information

03441516 SARAH-JANE FISHING LIMITED 2014-01-31 false 2013-02-01 2014-01-31 true 03441516 2013-02-01 2014-01-31 03441516 2014-01-31 03441516 2013-01-31 03441516 uk-gaap-cd-bus:Director1 2013-02-01 2014-01-31 03441516 uk-gaap-cd-bus:Director2 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-31 iso4217:GBP shares

Registered Number 03441516

SARAH-JANE FISHING LIMITED

Abbreviated Accounts

31 January 2014

SARAH-JANE FISHING LIMITED Registered Number 03441516

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	578,843	555,344
		578,843	555,344
Current assets
Cash at bank and in hand		5,035	593
		5,035	593
Creditors: amounts falling due within one year		(1,115,282)	(1,062,973)
Net current assets (liabilities)		(1,110,247)	(1,062,380)
Total assets less current liabilities		(531,404)	(507,036)
Total net assets (liabilities)		(531,404)	(507,036)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		(532,404)	(508,036)
Shareholders' funds		(531,404)	(507,036)

For the year ending 31 January 2014 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 29 October 2014

And signed on their behalf by:
TA Andrew, Director

SARAH-JANE FISHING LIMITED Registered Number 03441516

Notes to the Abbreviated Accounts for the period ended 31 January 2014

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.

Turnover policy
Turnover represents net invoiced sales of goods, excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates, where applicable in order to write off each asset over its estimated useful life.

Plant and equipment 10% on cost

Plant and equipment includes £578,843 (2013 £555,344) which relates to boats. In the opinion of the director they are constantly maintained in such a good state of repair that the value of the boats is far in excess of cost at Balance Sheet date. The director considers that there is no provision for depreciation applicable.

Other accounting policies
Going concern basis of accounting
At the Balance Sheet date, the company's liabilities exceeded its assets. The company has received assurances from its holding company, Medi-Services Limited, that it will continue to give financial support to the company for twelve months from the date of signing these financial statements.

On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustments to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

2Tangible fixed assets

	£
Cost
At 1 February 2013	658,747
Additions	23,499
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	682,246
Depreciation
At 1 February 2013	103,403
Charge for the year	-
On disposals	-
At 31 January 2014	103,403
Net book values
At 31 January 2014	578,843
At 31 January 2013	555,344

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

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000