Abbreviated Company Accounts - DISCOVERY YACHT SALES LIMITED
Abbreviated Company Accounts - DISCOVERY YACHT SALES LIMITED
Registered Number 04877747
DISCOVERY YACHT SALES LIMITED
Abbreviated Accounts
31 August 2016
DISCOVERY YACHT SALES LIMITED Registered Number 04877747
Abbreviated Balance Sheet as at 31 August 2016
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Current assets | |||
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 (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 August 2016 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
And signed on their behalf by:
DISCOVERY YACHT SALES LIMITED Registered Number 04877747
Notes to the Abbreviated Accounts for the period ended 31 August 2016
1Accounting Policies
Basis of measurement and preparation of accounts
the revaluation of certain assets, and in accordance with the Financial Reporting Standard for
Smaller Entities (effective January 2015).
Turnover policy
Revenue is recognised as earned when, and to the extent that, the company obtains the right to
consideration in exchange for its performance under those contracts. It is measured at the fair
value of the right to consideration, which represents amounts chargeable to customers excluding
Value Added Tax.