Company Registration No. 01718482 (England and Wales)
CLARENCE BOATYARD LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
CLARENCE BOATYARD LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
CLARENCE BOATYARD LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2016
31 July 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
918
419
Current assets
Debtors
7,335
2,845
Cash at bank and in hand
113,474
88,324
120,809
91,169
Creditors: amounts falling due within one year
(24,901)
(23,214)
Net current assets
95,908
67,955
Total assets less current liabilities
96,826
68,374
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
96,726
68,274
Shareholders' funds
96,826
68,374
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 October 2016
Mr C J Bland
Director
Company Registration No. 01718482
CLARENCE BOATYARD LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and 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:
Fixtures, fittings and equipment
- 25% on the reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2015
3,226
Additions
805
At 31 July 2016
4,031
Depreciation
At 1 August 2015
2,807
Charge for the year
306
At 31 July 2016
3,113
Net book value
At 31 July 2016
918
At 31 July 2015
419
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100