Bath Narrowboats Limited,Ltd - Accounts

BATH NARROWBOATS LTD - Company Information

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Bath Narrowboats Limited

For the year ended 31 March 2014

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 02365601

Contents Page

Bath Narrowboats Limited

For the year ended 31 March 2014

Accountants' Report

Balance Sheet

3 to 4

Notes to the Abbreviated Financial Statements

Bath Narrowboats Limited

Accountants' Report

For the year ended 31 March 2014

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the

accounts of Bath Narrowboats 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 firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other

professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Bath Narrowboats Limited, as a body, in accordance with the

terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the

accounts of Bath Narrowboats Limited and state those matters that we have agreed to state to the Board of

Directors of Bath Narrowboats Limited, as a body, in this report in accordance with the requirements of the

Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the

fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bath Narrowboats

Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bath Narrowboats Limited has kept adequate accounting records and to prepare

statutory accounts that give a true and fair view of the assets, liabilities, financial position and Loss of Bath

Narrowboats Limited. You consider that Bath Narrowboats Limited is exempt from the statutory audit requirement

for the year.

Morrison Associates

24 James Street West

Bath

BA1 2BT

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Abbreviated Balance Sheet

Bath Narrowboats Limited

As at 31 March 2014

02365601

Registered Number :

2014

Notes

2013

Fixed assets

Intangible assets

24,437

23,003

Tangible assets

221,089

121,095

245,526

144,098

Current assets

Stocks

4,124

5,000

Debtors

24,621

7,256

Cash at bank and in hand

100

12,356

28,831

Creditors: amounts falling due within one year

(266,917)

(179,322)

(238,086)

(166,966)

Net current liabilities

Total assets less current liabilities

78,560

(93,988)

Creditors: amounts falling due after more than one year

(117,488)

(38,928)

Net liabilities

(93,988)

Capital and reserves

Called up share capital

81,341

Share premium account

46,642

32,446

Reserves

Profit and loss account

(199,357)

(207,775)

(38,928)

(93,988)

Shareholders funds

For the year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his 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.

Date approved by the board: 27 August 2014

Mr L J A Meaden Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Bath Narrowboats Limited

For the year ended 31 March 2014

1 Accounting Policies

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Goodwill

Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the

estimated expected useful economic life of the goodwill of 0 years.

Tangible fixed assets

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:

Land and Buildings

0% Per annum on cost

Plant and Machinery

25%, 20%, 10% Reducing balance

Office Equipment

10% Reducing balance

Motor Vehicles

25% Reducing balance

Fixtures and Fittings

10% Reducing balance

The company's freehold properties are revalued when there is reasonable evidence to suggest that the value has

changed by a material amount.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

3 of 4

Notes to the Abbreviated Financial Statements

Bath Narrowboats Limited

For the year ended 31 March 2014

2 Intangible fixed assets

Cost or valuation

Intangible

fixed assets

At 01 April 2013

61,535

Additions

6,105

67,640

At 31 March 2014

Amortisation

38,532

At 01 April 2013

4,671

Charge for year

43,203

At 31 March 2014

24,437

Net Book Values

At 31 March 2014

23,003

At 31 March 2013

3 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

187,300

At 01 April 2013

124,630

Additions

At 31 March 2014

311,930

Depreciation

66,205

At 01 April 2013

24,636

Charge for year

90,841

At 31 March 2014

Net book values

At 31 March 2014

221,089

121,095

At 31 March 2013

2013

2014

4 Creditors due after more than one year

27,128

Bank loans and overdraft

4 of 4