Littlehampton Yacht Club Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07117702 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

Littlehampton Yacht Club Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs F M Boyce

R M Boyce

REGISTERED OFFICE:

Arun Shipyard

Rope House

Rope Walk

Littlehampton

West Sussex

BN17 5DH

REGISTERED NUMBER:

07117702 (England and Wales)

ACCOUNTANTS:

Reeves Wilkinson Limited trading as Botting & Co

Chartered Certified Accountants

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

FIXED ASSETS

Tangible assets

2

7,240

15,240

CURRENT ASSETS

Debtors

22,061

6,297

Cash at bank

24,216

38,347

46,277

44,644

CREDITORS

Amounts falling due within one year

34,100

30,186

NET CURRENT ASSETS

12,177

14,458

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,417

29,698

CAPITAL AND RESERVES

Called up share capital

3

200

100

Profit and loss account

19,217

29,598

SHAREHOLDERS' FUNDS

19,417

29,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 8 December 2016 and were signed on its behalf
by:

Mrs F M Boyce - 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 and 20% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

78,985

Additions

1,140

At 30 June 2016

80,125

DEPRECIATION

At 1 July 2015

63,745

Charge for year

9,140

At 30 June 2016

72,885

NET BOOK VALUE

At 30 June 2016

7,240

At 30 June 2015

15,240

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

100

Ordinary

1

100

Ordinary B

1

100

-

200

100

100 Ordinary B shares of 1 each were allotted and fully paid for cash at par during the year.

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £19,000 were paid to the directors .

Mrs F M Boyce

30.6.16

30.6.15

£

Amount due from/(to) related party at the balance sheet date

3,036

(235

)

Osborne of Arun Group (Management)Ltd

A company controlled by the husband of the director.

At the balance sheet date a balance of £2463 (2015 - £2,463) was owed to the company by Osborne of Arun

Group (Management) Limited.

Littlehampton Ferry Co Limited

A company controlled by the director and her husband.

At the balance sheet date a balance of £8,,818 was owed to Littlehampton Ferry Co Limited.