Company Registration No. SC154474 (Scotland)
Coast Craft Ltd
Unaudited accounts
for the year ended 28 February 2018
Coast Craft Ltd
Unaudited accounts
Contents
Coast Craft Ltd
Company Information
for the year ended 28 February 2018
Directors
Mrs P McCran
M McCran
S McCran
I McCran
Company Number
SC154474 (Scotland)
Registered Office
West Harbour
Cockenzie
Prestonpans
East Lothian
EH32 0HU
Accountants
Rosebery Accountants & Business Advisors
23 Melville Street
Edinburgh
EH3 7PE
Coast Craft Ltd
Statement of financial position
as at 28 February 2018
Tangible assets
168,813
169,319
Cash at bank and in hand
302,296
325,893
Creditors: amounts falling due within one year
(34,877)
(37,854)
Net current assets
315,897
351,035
Net assets
484,710
520,354
Called up share capital
50,000
50,000
Profit and loss account
434,710
470,354
Shareholders' funds
484,710
520,354
For the year ending 28 February 2018 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 14 May 2018.
S McCran
Director
Company Registration No. SC154474
Coast Craft Ltd
Notes to the Accounts
for the year ended 28 February 2018
Coast Craft Ltd is a private company, limited by shares, registered in Scotland, registration number SC154474. The registered office is West Harbour, Cockenzie, Prestonpans, East Lothian, EH32 0HU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2017
167,295
57,035
14,220
238,550
At 28 February 2018
167,295
57,035
14,220
238,550
At 1 March 2017
-
55,091
14,140
69,231
Charge for the year
-
486
20
506
At 28 February 2018
-
55,577
14,160
69,737
At 28 February 2018
167,295
1,458
60
168,813
At 28 February 2017
167,295
1,944
80
169,319
Work in progress
13,391
14,296
Coast Craft Ltd
Notes to the Accounts
for the year ended 28 February 2018
Trade debtors
5,541
19,746
Accrued income and prepayments
1,229
637
Other debtors
27,917
27,917
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
5,496
6,051
Taxes and social security
478
2,906
8
Average number of employees
During the year the average number of employees was 2 (2017: 2).