Abbreviated Company Accounts - SELKIE SWIM CO LIMITED

SELKIE SWIM CO LIMITED - Company Information

09346481 SELKIE SWIM CO LIMITED 2015-09-30 false 2014-12-09 2015-09-30 true 09346481 2014-12-09 2015-09-30 09346481 2015-09-30 09346481 uk-gaap-cd-bus:Director1 2014-12-09 2015-09-30 09346481 uk-gaap-cd-bus:Director2 2014-12-09 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-09 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP shares

Registered Number 09346481

SELKIE SWIM CO LIMITED

Abbreviated Accounts

30 September 2015

SELKIE SWIM CO LIMITED Registered Number 09346481

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015
		£
Fixed assets
Tangible assets	2	39,783
		39,783
Current assets
Stocks		42,527
Debtors		23,925
		66,452
Creditors: amounts falling due within one year		(76,265)
Net current assets (liabilities)		(9,813)
Total assets less current liabilities		29,970
Creditors: amounts falling due after more than one year		(3,662)
Total net assets (liabilities)		26,308
Capital and reserves
Called up share capital	3	1,002
Share premium account		122,000
Profit and loss account		(96,694)
Shareholders' funds		26,308

For the year ending 30 September 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 30 June 2016

And signed on their behalf by:
Mr M J Edgington, Director

SELKIE SWIM CO LIMITED Registered Number 09346481

Notes to the Abbreviated Accounts for the period ended 30 September 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:

Computer equipment - 10% straight line
Fixtures, fittings & equipment - 20% straight line
Motor vehicles - 25% straight line

Other accounting policies
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

2Tangible fixed assets

	£
Cost
Additions	42,194
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	42,194
Depreciation
Charge for the year	2,411
On disposals	-
At 30 September 2015	2,411
Net book values
At 30 September 2015	39,783

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £
1,002 Ordinary shares of £1 each	1,002

During the period, 1,002 £1 ordinary shares were issued for an aggregate consideration of £123,002 resulting in a share premium of £122,000.