Abbreviated Company Accounts - COMPARE AQUATICS LIMITED

Abbreviated Company Accounts - COMPARE AQUATICS LIMITED

COMPARE AQUATICS LIMITED - Company Information

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Registered Number 08646028

COMPARE AQUATICS LIMITED

Abbreviated Accounts

31 August 2016

COMPARE AQUATICS LIMITED Registered Number 08646028

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Creditors: amounts falling due within one year (7,266) (7,266)
Net current assets (liabilities) (7,266) (7,266)
Total assets less current liabilities (7,266) (7,266)
Total net assets (liabilities) (7,266) (7,266)
Capital and reserves
Called up share capital 100 100
Profit and loss account (7,366) (7,366)
Shareholders' funds (7,266) (7,266)
  • For the year ending 31 August 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 8 May 2017

And signed on their behalf by:
David Lawson, Director

COMPARE AQUATICS LIMITED Registered Number 08646028

Notes to the Abbreviated Accounts for the period ended 31 August 2016

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 the value, net of discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Other accounting policies
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Going Concern
Following the initial period of development of the business, significant investment has been made in the company by the director. Funds introduced are not expected to be repaid in the short term. On this basis the accounts have been prepared on a going concern basis.