Abbreviated Company Accounts - ISLAND CHARTERS (CORPORATE) LIMITED

ISLAND CHARTERS (CORPORATE) LIMITED - Company Information

Registered Number 03184274

ISLAND CHARTERS (CORPORATE) LIMITED

Abbreviated Accounts

31 March 2015

ISLAND CHARTERS (CORPORATE) LIMITED Registered Number 03184274

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	132,111	420,917
Investments	3	50	50
		132,161	420,967
Current assets
Debtors		193,210	348,957
Cash at bank and in hand		62,672	-
		255,882	348,957
Creditors: amounts falling due within one year		(420,095)	(567,085)
Net current assets (liabilities)		(164,213)	(218,128)
Total assets less current liabilities		(32,052)	202,839
Provisions for liabilities		-	(142,474)
Total net assets (liabilities)		(32,052)	60,365
Capital and reserves
Called up share capital		2	2
Profit and loss account		(32,054)	60,363
Shareholders' funds		(32,052)	60,365

For the year ending 31 March 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 24 December 2015

And signed on their behalf by:
Mr P V Stump, Director

ISLAND CHARTERS (CORPORATE) LIMITED Registered Number 03184274

Notes to the Abbreviated Accounts for the period ended 31 March 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
Turnover represents amounts receivable for goods and services net of VAT and trade discounts

Tangible assets depreciation policy
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:

Land and buildings leasehold: Over the life of the lease
Plant and machinery: 2% on cost
Other fixtures and motor vehicles;25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2014	513,960
Additions	45,844
Disposals	(378,906)
Revaluations	-
Transfers	-
At 31 March 2015	180,898
Depreciation
At 1 April 2014	93,043
Charge for the year	16,642
On disposals	(60,898)
At 31 March 2015	48,787
Net book values
At 31 March 2015	132,111
At 31 March 2014	420,917

3Fixed assets Investments
The Island Events Company Limited, incorporated in England. The company holds 50 ordinary shares of £1 each being 50% of the total issued share capital.