YACHTMAN LIMITED,Ltd - AccountsLtd - Accounts

YACHTMAN LIMITED,Ltd - AccountsLtd - Accounts

YACHTMAN LIMITED - Company Information

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2016-02-01 07495344 2017-01-31 07495344 2016-02-01 2017-01-31 07495344 2016-01-31 07495344 2015-02-01 2016-01-31 07495344 uk-core:WithinOneYear 2016-01-31 07495344 uk-core:WithinOneYear 2017-01-31 07495344 uk-core:ShareCapital 2017-01-31 07495344 uk-core:ShareCapital 2016-01-31 07495344 uk-core:RetainedEarningsAccumulatedLosses 2017-01-31 07495344 uk-core:RetainedEarningsAccumulatedLosses 2016-01-31 07495344 uk-bus:Director1 2016-02-01 2017-01-31 07495344 uk-core:PlantMachinery 2016-02-01 2017-01-31 iso4217:GBP 07495344 uk-bus:AuditExemptWithAccountantsReport 2016-02-01 2017-01-31 07495344 uk-bus:FRS102 2016-02-01 2017-01-31 07495344 uk-bus:FullAccounts 2016-02-01 2017-01-31 07495344 uk-bus:PrivateLimitedCompanyLtd 2016-02-01 2017-01-31
YACHTMAN LIMITED
Registered Number:07495344
For the year ended 31 January 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2017
YACHTMAN LIMITED
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 January 2017
YACHTMAN LIMITED
Abridged Statement of Financial Position
Registered Number :
07495344
£
£
2016
2017
Notes
Fixed assets
2
Property, plant and equipment
1,329
1,476
1,329
1,476
Current assets
Inventories
750
750
Trade and other receivables
1
1
215
Cash and cash equivalents
105
856
966
Trade and other payables: amounts falling due within one
year
(7,981)
(9,223)
(7,015)
(8,367)
Net current liabilities
Total assets less current liabilities
(7,038)
(5,539)
(7,038)
Net liabilities
(5,539)
Capital and reserves
Called up share capital
1
1
Retained earnings
(7,039)
(5,540)
(7,038)
(5,539)
Shareholders' funds
For the year ended 31 January 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
All the members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of
Financial Position for the year ended 31 January 2017 in accordance with Section 444 (2A) of the Companies Act
2006.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mr JOHAN CHRISTIAAN LAMPRECHT KRUGER Director
These financial statements were approved and authorised for issue by the Board on 05 October 2017 and were signed by:
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4
For the year ended 31 January 2017
YACHTMAN LIMITED
Abridged Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 January 2017
YACHTMAN LIMITED
Notes to the Financial Statements
Statutory Information
YACHTMAN LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07495344.
Principal place of business:
61 Bramcote Road
Loughborough
Leicester
LE12 2SA
Registered address:
West Walk House
99 Princess Road East
Leicester
Leicestershire
LE1 7LF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
10% Reducing balance
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
For the year ended 31 January 2017
YACHTMAN LIMITED
Notes to the Financial Statements Continued
2. Fixed assets
Property, plant
and
equipment
£
Cost or valuation
At 01 February 2016
2,250
At 31 January 2017
2,250
Provision for depreciation,
amortisation and impairment
At 01 February 2016
774
147
Charge for year
At 31 January 2017
921
Net book value
At 31 January 2017
1,329
At 31 January 2016
1,476
3. Related party transactions
The ultimate controlling party was Mr J. C. L. Kruger, a director and shareholder of the company.
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