Tilgate Park Watersports Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03503668 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2017 TO 31 MARCH 2018

FOR

TILGATE PARK WATERSPORTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Green

Mrs B Newman

REGISTERED OFFICE:

The Boat House Tilgate Lake

Tilgate Drive

Crawley

West Sussex

RH10 5PQ

REGISTERED NUMBER:

03503668 (England and Wales)

ACCOUNTANTS:

Haines & Co

Chartered Accountants

Carlton House

28/29 Carlton Terrace

Portslade

East Sussex

BN41 1UR

FIXED ASSETS

Tangible assets

4

6,312

8,416

CURRENT ASSETS

Debtors

5

-

34,330

Cash at bank

-

21,135

-

55,465

CREDITORS

Amounts falling due within one year

6

480

57,437

NET CURRENT LIABILITIES

(480

)

(1,972

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,832

6,444

PROVISIONS FOR LIABILITIES

1,050

1,430

NET ASSETS

4,782

5,014

CAPITAL AND RESERVES

Called up share capital

12

12

Retained earnings

4,770

5,002

4,782

5,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 1 December 2018 and were signed on its behalf by:

A Green - Director

1.	STATUTORY INFORMATION

Tilgate Park Watersports Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2017

and 31 March 2018

67,074

DEPRECIATION

At 1 August 2017

58,658

Charge for period

2,104

At 31 March 2018

60,762

NET BOOK VALUE

At 31 March 2018

6,312

At 31 July 2017

8,416

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

22,330

Other debtors

-

12,000

-

34,330

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

-

12,912

Other creditors

480

44,525

480

57,437