Weymouth Watercraft Limited - Period Ending 2015-03-31
Weymouth Watercraft Limited - Period Ending 2015-03-31
Registration number:
Unaudited
Abbreviated Accounts
for the
Year Ended
Weymouth Watercraft Limited
Contents
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Weymouth Watercraft Limited
(Registration number: 03720811)
Abbreviated Balance Sheet at 31 March 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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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 |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
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Weymouth Watercraft Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 March 2015
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: In respect of land and buildings, depreciation is not provided as the properties are maintained in a continual state of sound repair and have a residual value not materially different from the amount that the properties are included in the accounts. The director also considers that the remaining life of the property is more than 50 years and therefore the depreciation charge would be insignificant.
Asset class |
Depreciation method and rate |
Plant and machinery |
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Hire purchase and leasing
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Weymouth Watercraft Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 March 2015
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 April 2014 |
57,706 |
57,706 |
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At 31 March 2015 |
57,706 |
57,706 |
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Depreciation |
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At 1 April 2014 |
17,996 |
17,996 |
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Charge for the year |
531 |
531 |
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At 31 March 2015 |
18,527 |
18,527 |
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Net book value |
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At 31 March 2015 |
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At 31 March 2014 |
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Debtors |
Debtors includes £73,298 (2014 - £73,298) receivable after more than one year.
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Weymouth Watercraft Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 March 2015
Related party transactions |
Director's advances and credits |
2015 |
2015 |
2014 |
2014 |
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Mr P Jones |
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8,736 |
8,305 |
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