SILVER_DAWN_FISHING_LIMIT - Accounts

SILVER DAWN FISHING LIMITED - Company Information

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Company Registration No. 04559153 (England and Wales)

SILVER DAWN FISHING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

SILVER DAWN FISHING LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

SILVER DAWN FISHING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

176,308

251,101

Tangible assets

616,530

659,067

792,838

910,168

Current assets

Debtors

40,617

18,321

Cash at bank and in hand

301,640

246,398

342,257

264,719

Creditors: amounts falling due within one year

(180,603)

(134,094)

Net current assets

161,654

130,625

Total assets less current liabilities

954,492

1,040,793

Creditors: amounts falling due after more than one year

(99,124)

(127,146)

Provisions for liabilities

(94,580)

(95,543)

760,788

818,104

Capital and reserves

Called up share capital

Profit and loss account

760,724

818,040

Shareholders' funds

760,788

818,104

SILVER DAWN FISHING LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 OCTOBER 2016

- 2 -

For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 May 2017

Mr A S Hosking

Director

Company Registration No. 04559153

SILVER DAWN FISHING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Fishing quota & licences

Amortisation is provided to write off the value of the fish quota and licences over a five year period.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

4% straight line

Fixtures, fittings & equipment

15% reducing balance basis

Motor vehicles

25% reducing balance basis

1.6

Foreign currency translation

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

SILVER DAWN FISHING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 November 2015

373,605

1,050,694

1,424,299

Additions

3,200

Disposals

(15,072)

At 31 October 2016

373,605

1,038,822

1,412,427

Depreciation

At 1 November 2015

122,504

391,627

514,131

On disposals

(13,353)

Charge for the year

74,793

44,018

118,811

At 31 October 2016

197,297

422,292

619,589

Net book value

At 31 October 2016

176,308

616,530

792,838

At 31 October 2015

251,101

659,067

910,168

Share capital

2016

2015

Allotted, called up and fully paid

64 Ordinary of £1 each

Ultimate parent company

The company was under control of the directors throughout the current and previous year as shown in the disclosure of the directors interest in the directors's report.