Registered Number 06073955
TIDERACE SEA KAYAKS LIMITED
Abbreviated Accounts
31 March 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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|
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant & Machinery - 15% reducing balance
Fixtures & Fittings - 15% reducing balance
Motor Vehicles - 25% reducing balance
Equipment - 3 years straight line
Intangible assets amortisation policy
Trade Marks - 20 years straight line
Goodwill - 20 years straight line
Valuation information and policy
All fixed assets are initially recorded at cost.
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Other accounting policies
Deferred tax is provided on the liability method in respect of all timing differences that have originated but not reversed at the balance sheet date.
The only financial instruments in issue are ordinary shares which are classified as equity.
£ | |
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Cost | |
At 1 April 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 March 2015 |
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Amortisation | |
At 1 April 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 March 2015 |
|
Net book values | |
At 31 March 2015 | 16,382 |
At 31 March 2014 | 17,497 |
£ | |
---|---|
Cost | |
At 1 April 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 March 2015 |
|
Depreciation | |
At 1 April 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 March 2015 |
|
Net book values | |
At 31 March 2015 | 73,454 |
At 31 March 2014 | 53,689 |