Littlehampton Yacht Club Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07117702 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

Littlehampton Yacht Club Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs F M Boyce

SECRETARY:

REGISTERED OFFICE:

Arun Shipyard

Rope House

Rope Walk

LITTLEHAMPTON

West Sussex

BN17 5DH

REGISTERED NUMBER:

07117702 (England and Wales)

ACCOUNTANTS:

Still Accounting Limited

Chartered Certified Accountants

2 Sark Gardens

Ferring

WORTHING

West Sussex

BN12 5QB

FIXED ASSETS

Tangible assets

2

26,179

37,366

CURRENT ASSETS

Debtors

21,502

36,709

Cash at bank

25,882

16,252

47,384

52,961

CREDITORS

Amounts falling due within one year

33,052

52,500

NET CURRENT ASSETS

14,332

461

TOTAL ASSETS LESS CURRENT LIABILITIES

40,511

37,827

PROVISIONS FOR LIABILITIES

786

1,981

NET ASSETS

39,725

35,846

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

39,625

35,746

SHAREHOLDERS' FUNDS

39,725

35,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 19 November 2014 and were signed by:

Mrs F M Boyce - 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 April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding Value Added Tax. Turnover is

recognised when the right to receive consideration becomes unconditional.

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

-

25% on reducing balance and 20% on cost

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 1 July 2013

74,627

Additions

2,158

At 30 June 2014

76,785

DEPRECIATION

At 1 July 2013

37,261

Charge for year

13,345

At 30 June 2014

50,606

NET BOOK VALUE

At 30 June 2014

26,179

At 30 June 2013

37,366

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

30 June 2014 and 30 June 2013:

30.6.14

30.6.13

£

£

Mrs F M Boyce

Balance outstanding at start of year

17,033

(10,221

)

Amounts advanced

29,931

27,254

Amounts repaid

(40,287

)

-

Balance outstanding at end of year

6,677

17,033