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Report of the Director and |
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Financial Statements for the Year Ended 30 April 2019 |
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John O'Groats Ferries Limited |
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REGISTERED NUMBER:
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Report of the Director and |
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Financial Statements for the Year Ended 30 April 2019 |
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for |
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John O'Groats Ferries Limited |
John O'Groats Ferries Limited (Registered number: SC144259) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2019 |
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Company Information | 1 |
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Report of the Director | 2 |
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Income Statement | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 5 |
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John O'Groats Ferries Limited |
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Company Information |
for the Year Ended 30 April 2019 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SOLICITORS: |
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29 Traill Street |
Thurso |
Caithness |
KW14 8EG |
John O'Groats Ferries Limited (Registered number: SC144259) |
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Report of the Director |
for the Year Ended 30 April 2019 |
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The director presents her report with the financial statements of the company for the year ended 30 April 2019. |
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DIRECTOR |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to |
small companies. |
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ON BEHALF OF THE BOARD: |
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John O'Groats Ferries Limited (Registered number: SC144259) |
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Income Statement |
for the Year Ended 30 April 2019 |
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2019 | 2018 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales | ( |
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GROSS PROFIT |
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Administrative expenses | ( |
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OPERATING PROFIT | 4 |
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Interest receivable and similar income |
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PROFIT BEFORE TAXATION |
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Tax on profit | ( |
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PROFIT FOR THE FINANCIAL YEAR |
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John O'Groats Ferries Limited (Registered number: SC144259) |
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Balance Sheet |
30 April 2019 |
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2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
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The financial statements were approved by the director on
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John O'Groats Ferries Limited (Registered number: SC144259) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2019 |
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1. | STATUTORY INFORMATION |
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John O'Groats Ferries Limited is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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BASIS OF PREPARING THE FINANCIAL STATEMENTS |
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TURNOVER |
Turnover represents amounts derived from the operation of a passenger ferry service from John O'Groats |
together with the provision of tours on the Orkney islands. |
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FIXED ASSETS AND DEPRECIATION |
All fixed assets are initially recorded at cost. Depreciation is provided on all tangible assets at rates calculated |
to write off the cost or valuation, less estimated residual value of each asset, evenly over its expected useful life |
as follows: |
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Land and buildings | 4% | reducing balance |
Plant and machinery | 5% | reducing balance |
Caravans | 10% | reducing balance |
Motor vehicles | 10% | reducing balance |
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TAXATION |
Taxation for the year 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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DEFERRED TAX |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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 year end and that are expected to apply to the |
reversal of the timing difference. |
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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. |
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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. |
John O'Groats Ferries Limited (Registered number: SC144259) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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2019 | 2018 |
£ | £ |
Depreciation - owned assets |
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5. | DIVIDENDS |
2019 | 2018 |
£ | £ |
Ordinary shares of £1 each |
Interim |
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6. | TANGIBLE FIXED ASSETS |
Land and | Plant and | Motor |
buildings | machinery | vehicles | Caravans | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 May 2018 |
and 30 April 2019 |
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DEPRECIATION |
At 1 May 2018 |
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Charge for year |
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At 30 April 2019 |
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NET BOOK VALUE |
At 30 April 2019 |
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At 30 April 2018 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Corporation tax |
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Other creditors |
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Accruals and deferred income |
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John O'Groats Ferries Limited (Registered number: SC144259) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2019 |
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9. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Mrs S Thomas. |