Cape Castle Seafoods Limited - Period Ending 2014-03-31

Registration number: 05754404

Cape Castle Seafoods Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

UHA Limited
  Chartered Certified Accountants
  241 Ruskin Park House
  Champion Hill
  London
  SE5 8TG

Cape Castle Seafoods Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Cape Castle Seafoods Limited
(Registration number: 05754404)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					1,976			7,039
Current assets
Debtors					40,282			196,249
Cash at bank and in hand					35,764			12,783
					76,046			209,032
Creditors: Amounts falling due within one year					(49,400)			(176,705)
Net current assets					26,646			32,327
Total assets less current liabilities					28,622			39,366
Creditors: Amounts falling due after more than one year								(8,948)
Net assets					28,622			30,418
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					28,522			30,318
Shareholders' funds					28,622			30,418

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 31 December 2014 and signed on its behalf by:

.........................................
M Smyth
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Cape Castle Seafoods Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

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

Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to
write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% on cost
Fixtures, fittings & equipment	20% on cost
Motor Vehicles	20% on cost

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Cape Castle Seafoods Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		35,238			35,238
Additions		984			984
Disposals		(26,809)			(26,809)
At 31 March 2014		9,413			9,413
Depreciation
At 1 April 2013		28,199			28,199
Charge for the year		686			686
Eliminated on disposals		(21,448)			(21,448)
At 31 March 2014		7,437			7,437
Net book value
At 31 March 2014		1,976			1,976
At 31 March 2013		7,039			7,039

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3