Shark Attack Limited - Period Ending 2016-10-31

Registration number: 03886438

Shark Attack Limited

Unaudited Abbreviated Accounts
 
for the period from 1 May 2015 to 31 October 2016

Ripe LLP
9a Burroughs Gardens
London
NW4 4AU

Shark Attack Limited

Contents

Company Information	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 4

Shark Attack Limited

Company Information

Directors

Mr R Lecoat

Registered office

6 Burroughs Gardens Hendon London NW4 4AU

Accountants

Ripe LLP 9a Burroughs Gardens London NW4 4AU

Shark Attack Limited

(Registration number: 03886438)
Abbreviated Balance Sheet as at 31 October 2016

	Note	31 October 2016  £	30 April 2015  £
Fixed assets
Intangible assets	2	-	950
Tangible assets	2	-	3,091
		-	4,041
Current assets
Debtors		-	1,584
Cash at bank and in hand		896	5,503
		896	7,087
Creditors: Amounts falling due within one year		(16,682)	(11,550)
Net current liabilities		(15,786)	(4,463)
Net liabilities		(15,786)	(422)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(15,787)	(423)
Shareholders deficit		(15,786)	(422)

For the period ending 31 October 2016 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 director on 25 March 2017

.........................................
Mr R Lecoat
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Shark Attack Limited

Notes to the Abbreviated Accounts

1

Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of six years.

Depreciation

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

Asset class	Depreciation method and rate
Fixtures and fittings	20% on cost
Computer equipment	20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2

Fixed assets

	Intangible assets £	Tangible assets £	Total £
Cost
At 1 May 2015	7,500	9,790	17,290
Disposals	(7,500)	(9,790)	(17,290)
At 31 October 2016	-	-	-
Depreciation
At 1 May 2015	6,550	6,699	13,249
Charge for the year	950	1,164	2,114
Eliminated on disposals	(7,500)	(7,863)	(15,363)
At 31 October 2016	-	-	-
Net book value
At 31 October 2016	-	-	-
At 30 April 2015	950	3,091	4,041

Page 3

Shark Attack Limited

Notes to the Abbreviated Accounts

3

Share capital

Allotted, called up and fully paid shares

	31 October 2016		30 April 2015
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

4

Director's advances, credits and guarantees

Included in other creditors is a balance for the sum of £12,763 (2015 - £6,997) due to Mr R Lecoat, a director of the company.

Page 4