Troon Tug Company Limited - Limited company - abbreviated - 11.6
Troon Tug Company Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 March 2014 |
| for |
| Troon Tug Company Limited |
| Troon Tug Company Limited (Registered number: SC338592) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 March 2014 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Abbreviated Balance Sheet | 3 |
| Notes to the Abbreviated Accounts | 5 |
| Troon Tug Company Limited |
| Company Information |
| for the Year Ended 31 March 2014 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Troon Tug Company Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Troon Tug Company Limited for the year ended 31 March 2014 which comprise the Profit and |
| Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other |
| professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
| This report is made solely to the director of Troon Tug Company Limited in accordance with our terms of engagement. |
| Our work has been undertaken solely to prepare for your approval the financial statements of Troon Tug Company |
| Limited and state those matters that we have agreed to state to the director of Troon Tug Company Limited in this report |
| in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at |
| http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume |
| responsibility to anyone other than the company and its director for our work or for this report. |
| It is your duty to ensure that Troon Tug Company Limited has kept adequate accounting records and to prepare statutory |
| financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Troon Tug |
| Company Limited. You consider that Troon Tug Company Limited is exempt from the statutory audit requirement for |
| the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Troon Tug Company |
| Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and |
| explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 19 December 2014 |
| Troon Tug Company Limited (Registered number: SC338592) |
| Abbreviated Balance Sheet |
| 31 March 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| Troon Tug Company Limited (Registered number: SC338592) |
| Abbreviated Balance Sheet - continued |
| 31 March 2014 |
| The financial statements were approved by the director on |
| Troon Tug Company Limited (Registered number: SC338592) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 March 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention. |
| Turnover |
| Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of |
| services in the ordinary course of the Company's activities. Sales are presented, net of value-added tax, rebates |
| and discounts. |
| The Company recognises revenue when the amount of revenue and related cost can be reliably measured, it is |
| probable that the collectability of the related receivables is reasonably assured and when the specific criteria for |
| each of the Company's activities are met. |
| Tangible fixed assets |
| Boats and equipment | - |
| Motor vehicles | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date,except that: |
| deferred tax is not recognised on timing differences arising on revalued properties unless the company has |
| entered into a binding sale agreement and is not proposing to take advantage of rollover relief; and |
| the recognition of deferred tax assets is limited to the extent that the company anticipates making sufficient |
| taxable profits in the future to absorb the reversal of the underlying timing differences. |
| Deferred tax balances are not discounted. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2014 |
| DEPRECIATION |
| At 1 April 2013 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| Troon Tug Company Limited (Registered number: SC338592) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 March 2014 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 April 2013 |
| and 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary A | 1 |
| 5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 March 2014 and |
| 31 March 2013: |
| 2014 | 2013 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |