Birdham Pool Limited - Abbreviated accounts

Birdham Pool Limited - Abbreviated accounts


Registered number
00372062
Birdham Pool Limited
Unaudited Abbreviated Accounts
30 September 2016
Birdham Pool Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Birdham Pool Limited for the year ended 30 September 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Birdham Pool Limited for the year ended 30 September 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.
Blenheim Partners Limited
Chartered Accountants
Cedar Court
221 Hagley Road
Halesowen
B63 1ED
23 June 2017
Birdham Pool Limited
Registered number: 00372062
Abbreviated Balance Sheet
as at 30 September 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 821,859 556,218
Current assets
Stocks 4,208 4,919
Debtors 1,938,051 1,633,212
Cash at bank and in hand 617,729 70,449
2,559,988 1,708,580
Creditors: amounts falling due within one year (736,563) (450,285)
Net current assets 1,823,425 1,258,295
Net assets 2,645,284 1,814,513
Capital and reserves
Called up share capital 3 3,944 3,944
Share premium 7,879 7,879
Profit and loss account 2,633,461 1,802,690
Shareholders' funds 2,645,284 1,814,513
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
RJ Smith
Director
Approved by the board on 23 June 2017
Birdham Pool Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents sales of berthing and other marina income to extrenal customers at invoiced amounts less valued added tax. It is recognised in the year to which it relates.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% to 33% straight line
Freehold property 2% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Tangible fixed assets £
Cost
At 1 October 2015 962,427
Additions 352,497
Disposals (63,085)
At 30 September 2016 1,251,839
Depreciation
At 1 October 2015 406,209
Charge for the year 41,646
On disposals (17,875)
At 30 September 2016 429,980
Net book value
At 30 September 2016 821,859
At 30 September 2015 556,218
Included in the net book value of land and buildings is freehold land at a cost of £268,812 (2015: £275,705).
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 3,944 3,944 3,944
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