Coastal Holdings Ltd - Period Ending 2016-07-31

Registration number: 9706887

Coastal Holdings Ltd

Unaudited Abbreviated Accounts
 
for the period from 28 July 2015 to 31 July 2016

Milestone Accounting Ltd
Green End
The Green
Pinvin
Worcestershire
WR10 2ET

Coastal Holdings Ltd

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3

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 3) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Coastal Holdings Ltd
for the Period 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 Coastal Holdings Ltd for the period ended 31 July 2016 set out on pages XX from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Coastal Holdings Ltd, as a body, in accordance with the terms of our engagement letter dated 7 April 2017. Our work has been undertaken solely to prepare for your approval the accounts of Coastal Holdings Ltd and state those matters that we have agreed to state to them, as a body, in this report.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coastal Holdings Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Coastal Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Coastal Holdings Ltd. You consider that Coastal Holdings Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Coastal Holdings Ltd. 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.

......................................

Milestone Accounting Ltd
Green End
The Green
Pinvin
Worcestershire
WR10 2ET

26 April 2017

Page 1

Coastal Holdings Ltd

(Registration number: 9706887)
Abbreviated Balance Sheet as at 31 July 2016

	Note	31 July 2016  £
Fixed assets
Tangible assets	2	4,527
Current assets
Cash at bank and in hand		2,188
Creditors: Amounts falling due within one year		(1,738)
Net current assets		450
Total assets less current liabilities		4,977
Creditors: Amounts falling due after more than one year		(8,570)
Accruals and deferred income		(400)
Net liabilities		(3,993)
Capital and reserves
Profit and loss account		(3,993)
Shareholders deficit		(3,993)

For the period ending 31 July 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 Board on 26 April 2017 and signed on its behalf by:

.........................................
Mrs Julie Bradley
Director

.........................................
Mr Dean Mortimer
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Coastal Holdings Ltd

Notes to the Abbreviated Accounts

1

Accounting policies

Going concern

The financial statements have been prepared on a going concern basis.

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
Fixture and Fittings	Straight Line over 5 years

2

Fixed assets

	Tangible assets £	Total £
Cost
Additions	5,030	5,030
At 31 July 2016	5,030	5,030
Depreciation
Charge for the year	503	503
At 31 July 2016	503	503
Net book value
At 31 July 2016	4,527	4,527

3

Share capital

Allotted, called up and fully paid shares

	31 July 2016
	No.	£
Ordinary shares of £1 each	100	100

4

Control

The directors are the controlling party by virtue of their controlling shareholding in the company.

Page 3