Abbreviated Company Accounts - BAYSTORM LIMITED
Abbreviated Company Accounts - BAYSTORM LIMITED
Registered Number 05824122
BAYSTORM LIMITED
Abbreviated Accounts
30 November 2016
BAYSTORM LIMITED Registered Number 05824122
Abbreviated Balance Sheet as at 30 November 2016
Notes | 30/11/2016 | 31/05/2015 | |
---|---|---|---|
€ | € | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|||
Creditors: amounts falling due within one year | 3 |
( |
( |
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
( |
( |
|
Total net assets (liabilities) |
( |
( |
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
( |
( |
For the year ending 30 November 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
And signed on their behalf by:
BAYSTORM LIMITED Registered Number 05824122
Notes to the Abbreviated Accounts for the period ended 30 November 2016
1Accounting Policies
Basis of measurement and preparation of accounts
€ | |
---|---|
Cost | |
At 1 June 2015 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 November 2016 |
|
Depreciation | |
At 1 June 2015 |
|
Charge for the year |
|
On disposals |
|
At 30 November 2016 |
|
Net book values | |
At 30 November 2016 | 90,000 |
At 31 May 2015 | 100,000 |
The company acquired a yacht on the 26 June 2006 which was not recorded in the books
and records along with the associated depreciation charge
in the Financial Years ended from the 01.06.2014 to 30.11.2016.
Under UK GAAP a prior year adjustment is made for a change in
accounting policy or for a fundamental error.
A fundamental error is defined by FRS 3 as an error of such significance as to destroy
the true and fair view of the Financial Statements.
The Prior year error was considered to be fundamental and was corrected by retrospective
restatement of the 2015 comparative numbers to address the acquisition of the yacht and the
recording of the associated depreciation charge.
30/11/2016
€ |
31/05/2015
€ |
|
---|---|---|
Secured Debts |
|
|