Micro-entity Accounts - SEVENFLEET LIMITED

SEVENFLEET LIMITED - Company Information

05049525 SEVENFLEET LIMITED 2017-08-31 false 2016-09-01 2017-08-31 true 05049525 2016-09-01 2017-08-31 05049525 2017-08-31 05049525 2016-08-31 05049525 uk-gaap-cd-bus:Director1 2016-09-01 2017-08-31 05049525 uk-gaap-cd-bus:Director2 2016-09-01 2017-08-31 05049525 uk-gaap-cd-bus:AllEntityOfficers 2016-09-01 2017-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-09-01 2017-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2017-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 iso4217:EUR shares

Registered Number 05049525

SEVENFLEET LIMITED

Micro-entity Accounts

31 August 2017

SEVENFLEET LIMITED Registered Number 05049525

Micro-entity Balance Sheet as at 31 August 2017

	Notes	2017	2016
		€	€
Fixed assets
Tangible assets	1	174,778	185,059
		174,778	185,059
Creditors: amounts falling due within one year	2	(193,851)	(193,851)
Net current assets (liabilities)		(193,851)	(193,851)
Total assets less current liabilities		(19,073)	(8,792)
Total net assets (liabilities)		(19,073)	(8,792)
Capital and reserves
Called up share capital	3	1,489	1,489
Profit and loss account		(20,562)	(10,281)
Shareholders' funds		(19,073)	(8,792)

For the year ending 31 August 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 May 2018

And signed on their behalf by:
IPPOCRATOUS, Stella, Director

SEVENFLEET LIMITED Registered Number 05049525

Notes to the Micro-entity Accounts for the period ended 31 August 2017

1Tangible fixed assets

	€
Cost
At 1 September 2016	195,340
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2017	195,340
Depreciation
At 1 September 2016	10,281
Charge for the year	10,281
On disposals	-
At 31 August 2017	20,562
Net book values
At 31 August 2017	174,778
At 31 August 2016	185,059

Prior Year Adjustment
The company acquired 2 yachts in 2015 which was not recorded in the books
and records along with the associated depreciation charge
in the Financial Year ended 31.08.2016.
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 2016 comparative numbers to address the acquisition of the yacht and the recording of the associated depreciation charge.

2Creditors

	2017 €	2016 €
Secured Debts	193,851	193,851

3Called Up Share Capital
Allotted, called up and fully paid:

	2017 €	2016 €
1,000 A Ordinary shares of €1.48865 each	1,489	1,489

The exchange rate 1.48865 which was used to convert the Share Capital from GBP to EUR was taken from
Oanda.com at historical rate, Date: 19 February 2004.

4Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.