Skipper (UK) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03099550

Abbreviated Accounts for the Year Ended 30th September 2016

for

Skipper (UK) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Miss K J Tolhurst

REGISTERED OFFICE:

1-3 Manor Road

Chatham

Kent

ME4 6AE

REGISTERED NUMBER:

03099550

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Tangible assets

2

142

212

CURRENT ASSETS

Stocks

9,930

11,566

Debtors

1,926

3,355

Cash at bank and in hand

39,695

24,796

51,551

39,717

CREDITORS

Amounts falling due within one year

2,660

3,208

NET CURRENT ASSETS

48,891

36,509

TOTAL ASSETS LESS CURRENT LIABILITIES

49,033

36,721

CREDITORS

Amounts falling due after more than one year

18,445

16,125

NET ASSETS

30,588

20,596

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

30,488

20,496

SHAREHOLDERS' FUNDS

30,588

20,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30th June 2017 and were signed by:

Miss K J Tolhurst - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2015

and 30th September 2016

8,040

DEPRECIATION

At 1st October 2015

7,828

Charge for year

70

At 30th September 2016

7,898

NET BOOK VALUE

At 30th September 2016

142

At 30th September 2015

212

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

4.	RELATED PARTY DISCLOSURES