Timsbury Fishery Limited - Limited company - abbreviated - 11.9

Timsbury Fishery Limited - Limited company - abbreviated - 11.9

TIMSBURY FISHERY LIMITED - Company Information

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REGISTERED NUMBER: 03036776 (England and Wales)












TIMSBURY FISHERY LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015













TIMSBURY FISHERY LIMITED (REGISTERED NUMBER: 03036776)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

TIMSBURY FISHERY LIMITED (REGISTERED NUMBER: 03036776)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
Notes £    £   
FIXED ASSETS
Tangible assets 2 76,553 82,603

CURRENT ASSETS
Debtors 850 842
Cash at bank 55,674 54,167
56,524 55,009
CREDITORS
Amounts falling due within one year (29,181 ) (34,957 )
NET CURRENT ASSETS 27,343 20,052
TOTAL ASSETS LESS CURRENT
LIABILITIES
103,896
102,655

CAPITAL AND RESERVES
Called up share capital 3 56,000 56,000
Share premium 3,688 3,688
Retained earnings 44,208 42,967
SHAREHOLDERS' FUNDS 103,896 102,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 23 March 2016 and were signed on its behalf by:





J H Durrant - Director


The notes form part of these abbreviated accounts

Page 1
TIMSBURY FISHERY LIMITED (REGISTERED NUMBER: 03036776)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents annual subscriptions and joining fees receivable
from shareholders.

Annual subscriptions are recognised over the period to which they relate. As the subscriptions fall due during the
financial year, a deferred income adjustment has been incorporated to pro-rate the income receivable so it is
recognised on an accruals basis.

Joining fees are recognised in full when they become due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land - not provided
Freehold improvements - 20% Straight line
Plant & machinery - 25% Reducing balance

Tangible fixed assets, other than freehold land, are stated at cost less accumulated depreciation. Cost represents
purchase price together with any incidental costs of acquisition.

Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held
separately from those of the company. The annual contributions payable are charged to the profit and loss
account.

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity
instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities
are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are
deducted from the outstanding balance and are amortised over the period to the due date for repayment of the
financial liability.

Grant income
Grant income is released to income in the period which it is received.

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TIMSBURY FISHERY LIMITED (REGISTERED NUMBER: 03036776)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 133,978
Additions 2,931
At 31 December 2015 136,909
DEPRECIATION
At 1 January 2015 51,375
Charge for year 8,981
At 31 December 2015 60,356
NET BOOK VALUE
At 31 December 2015 76,553
At 31 December 2014 82,603

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
112 Ordinary £500 56,000 56,000

The share capital comprises 112 Ordinary shares of £500 each divided into 14 classes designated A, B, C, D, E,
F, G, H, I, J, K, L, M and N shares, each class consisting of 8 £500 shares. All shares rank pari passu in all
respects.

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