Abbreviated Company Accounts - BOATWORK LIMITED

Abbreviated Company Accounts - BOATWORK LIMITED

BOATWORK LIMITED - Company Information

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Registered Number 07940964

BOATWORK LIMITED

Abbreviated Accounts

28 February 2015

BOATWORK LIMITED Registered Number 07940964

Abbreviated Balance Sheet as at 28 February 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 20,975 9,333
20,975 9,333
Current assets
Debtors 568 -
Cash at bank and in hand 1,175 108
1,743 108
Creditors: amounts falling due within one year (57,371) (33,109)
Net current assets (liabilities) (55,628) (33,001)
Total assets less current liabilities (34,653) (23,668)
Total net assets (liabilities) (34,653) (23,668)
Capital and reserves
Called up share capital 100 100
Profit and loss account (34,753) (23,768)
Shareholders' funds (34,653) (23,668)
  • For the year ending 28 February 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 June 2015

And signed on their behalf by:
Mr M Bestford, Director

BOATWORK LIMITED Registered Number 07940964

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts earned during the period

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows; Motor 25% reducing balance and Equipment 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 March 2014 14,843
Additions 24,030
Disposals (9,594)
Revaluations -
Transfers -
At 28 February 2015 29,279
Depreciation
At 1 March 2014 5,510
Charge for the year 6,992
On disposals (4,198)
At 28 February 2015 8,304
Net book values
At 28 February 2015 20,975
At 28 February 2014 9,333