Llandysul Paddlers Canoe Centre Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03380445 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Llandysul Paddlers Canoe Centre Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Bryant

Mrs F M Jones

Mrs I Paxton

Mrs A S Bryant

SECRETARY:

Mrs A S Bryant

REGISTERED OFFICE:

Wilks Head Square

Pontwelly

Llandysul

SA44 4AA

REGISTERED NUMBER:

03380445 (England and Wales)

ACCOUNTANTS:

Ashmole & Co.

Chartered Certified Accountants

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3LN

FIXED ASSETS

Tangible assets

4

348,336

347,152

CURRENT ASSETS

Debtors

840

-

Cash at bank

31

945

871

945

CREDITORS

Amounts falling due within one year

37,778

3,093

NET CURRENT LIABILITIES

(36,907

)

(2,148

)

TOTAL ASSETS LESS CURRENT LIABILITIES

311,429

345,004

RESERVES

Capital redemption reserve

179,074

179,074

Other reserves

118,032

118,032

Income and expenditure account

14,323

47,898

311,429

345,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 surplus or deficit 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 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 were approved by the Board of Directors on 16 October 2017 and were signed on its behalf by:

Mrs M Bryant - Director

1.	STATUTORY INFORMATION

Llandysul Paddlers Canoe Centre Limited is a private company, limited by guarantee , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

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 2% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that

it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or

substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

705,399

Additions

12,927

Disposals

(3,150

)

At 31 March 2017

715,176

DEPRECIATION

At 1 April 2016

358,247

Charge for year

9,972

Eliminated on disposal

(1,379

)

At 31 March 2017

366,840

NET BOOK VALUE

At 31 March 2017

348,336

At 31 March 2016

347,152