Abbreviated Company Accounts - CHANNEL FISHERIES SHELLFISH LIMITED

Abbreviated Company Accounts - CHANNEL FISHERIES SHELLFISH LIMITED

BRITANNIA SHELLFISH LIMITED - Company Information

Print Friendly Version

Registered Number 03035006

CHANNEL FISHERIES SHELLFISH LIMITED

Abbreviated Accounts

31 March 2014

CHANNEL FISHERIES SHELLFISH LIMITED Registered Number 03035006

Abbreviated Balance Sheet as at 31 March 2014

Notes 31/03/2014 30/09/2013
£ £
Fixed assets
Tangible assets 2 99,433 106,775
99,433 106,775
Current assets
Stocks 799 2,642
Debtors 20,172 20,567
Cash at bank and in hand 161 719
21,132 23,928
Creditors: amounts falling due within one year 3 (87,498) (95,765)
Net current assets (liabilities) (66,366) (71,837)
Total assets less current liabilities 33,067 34,938
Creditors: amounts falling due after more than one year 3 (140,394) (143,834)
Total net assets (liabilities) (107,327) (108,896)
Capital and reserves
Called up share capital 4 255 255
Profit and loss account (107,582) (109,151)
Shareholders' funds (107,327) (108,896)
  • For the year ending 31 March 2014 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 23 December 2014

And signed on their behalf by:
Mr N Hutchings, Director
Mrs A L Hutchings, Director

CHANNEL FISHERIES SHELLFISH LIMITED Registered Number 03035006

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting 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.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Motor Vehicles 20% reducing balance
Buildings Straight line over 15 or 20 years
Equipment 15% straight line
Vivier tanks and shed 10% straight line

Other accounting policies
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2Tangible fixed assets
£
Cost
At 1 October 2013 395,989
Additions -
Disposals (36,930)
Revaluations -
Transfers -
At 31 March 2014 359,059
Depreciation
At 1 October 2013 289,214
Charge for the year 7,342
On disposals (36,930)
At 31 March 2014 259,626
Net book values
At 31 March 2014 99,433
At 30 September 2013 106,775
3Creditors
31/03/2014
£		 30/09/2013
£
Instalment debts due after 5 years 112,650 116,096
4Called Up Share Capital
Allotted, called up and fully paid:
31/03/2014
£		 30/09/2013
£
10,000 A Ordinary shares of £0.01 each 100 100
2,500 B Ordinary shares of £0.01 each 25 25
13,011 C Ordinary shares of £0.01 each 130 130