N & C Jet Ski Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 04667228 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2017

for

N & C Jet Ski Limited

Page

Company Information

1

Balance Sheet

2

Chartered Accountants' Report

4

DIRECTORS:

B J Lee

L Parkinson

REGISTERED OFFICE:

Barnston House

Beacon Lane

Heswall

Wirral

Merseyside

CH60 0EE

REGISTERED NUMBER:

04667228 (England and Wales)

ACCOUNTANTS:

Dufton Kellner Limited

Chartered Accountants

Barnston House

Beacon Lane

Heswall

Wirral

Merseyside

CH60 0EE

FIXED ASSETS

8,282

10,601

CURRENT ASSETS

198,775

152,286

CREDITORS

Amounts falling due within one year

(172,178

)

(142,162

)

NET CURRENT ASSETS

26,597

10,124

TOTAL ASSETS LESS CURRENT LIABILITIES

34,879

20,725

CAPITAL AND RESERVES

34,879

20,725

NOTES TO THE FINANCIAL STATEMENTS

1.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from a director subsisted during the years ended 28 February 2017 and

28 February 2016:

28.2.17

28.2.16

£

£

B J Lee

Balance outstanding at start of year

115,143

121,087

Amounts advanced

1,000

10,146

Amounts repaid

(6,090

)

(16,090

)

Balance outstanding at end of year

110,053

115,143

The loan is unsecured, interest free and repayable on demand.

2.	COMPANY INFORMATION AND BASIS OF PREPARATION AND FINANCIAL COMMITMENTS

The company is a private company registered in England and Wales.

The financial statements have been prepared under the historical cost convention and in accordance with

FRS105, the Financial Reporting Standard applicable to the Micro-entities regime.

The company is committed to rent costs of £7,200 per year on a rolling basis.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 April 2017 and were signed on its behalf by:

B J Lee - Director

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement is not required to be filed

with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of N & C Jet Ski Limited for the year ended 28 February 2017 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of N & C Jet Ski Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of N & C Jet Ski Limited and state those matters that we have agreed to state to the Board of Directors of N & C Jet Ski Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than N & C Jet Ski Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that N & C Jet Ski Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of N & C Jet Ski Limited. You consider that N & C Jet Ski Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of N & C Jet Ski Limited. 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 financial statements.

Dufton Kellner Limited

Chartered Accountants

Barnston House

Beacon Lane

Heswall

Wirral

Merseyside

CH60 0EE

Date: .............................................