Surf South West Limited - Accounts to registrar (filleted) - small 18.1
Surf South West Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| FOR |
| SURF SOUTH WEST LIMITED |
| SURF SOUTH WEST LIMITED (REGISTERED NUMBER: 04180496) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| SURF SOUTH WEST LIMITED (REGISTERED NUMBER: 04180496) |
| BALANCE SHEET |
| 5 APRIL 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| SURF SOUTH WEST LIMITED (REGISTERED NUMBER: 04180496) |
| BALANCE SHEET - continued |
| 5 APRIL 2018 |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
| The financial statements were approved by the director on |
| SURF SOUTH WEST LIMITED (REGISTERED NUMBER: 04180496) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| 1. | STATUTORY INFORMATION |
| Surf South West Limited is a |
| The company's registered number and registered office address are as below: |
| Registered number: | 04180496 |
| Registered office: | Grenville House |
| 9 Boutport Street |
| Barnstaple |
| Devon |
| EX31 1TZ |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding |
| discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Surf equipment | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Equipment | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss |
| account, except to the extent that it relates to items recognised in other comprehensive income or |
| directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
| enacted or substantively enacted by the balance sheet date. |
| SURF SOUTH WEST LIMITED (REGISTERED NUMBER: 04180496) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
| different from those in which they are recognised in financial statements. Deferred tax is measured |
| using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
| expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
| probable that they will be recovered against the reversal of deferred tax liabilities or other future |
| taxable profits. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
| period of the lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Surf | and |
| property | equipment | fittings |
| £ | £ | £ |
| COST |
| At 6 April 2017 |
| and 5 April 2018 |
| DEPRECIATION |
| At 6 April 2017 |
| Charge for year |
| At 5 April 2018 |
| NET BOOK VALUE |
| At 5 April 2018 |
| At 5 April 2017 |
| SURF SOUTH WEST LIMITED (REGISTERED NUMBER: 04180496) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Motor |
| vehicles | Equipment | Totals |
| £ | £ | £ |
| COST |
| At 6 April 2017 |
| and 5 April 2018 |
| DEPRECIATION |
| At 6 April 2017 |
| Charge for year |
| At 5 April 2018 |
| NET BOOK VALUE |
| At 5 April 2018 |
| At 5 April 2017 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Taxation and social security |
| 6. | PROVISIONS FOR LIABILITIES |
| 2018 | 2017 |
| £ | £ |
| Deferred tax | 568 | 821 |
| Deferred |
| tax |
| £ |
| Balance at 6 April 2017 |
| Provided during year | ( |
) |
| Balance at 5 April 2018 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| SURF SOUTH WEST LIMITED (REGISTERED NUMBER: 04180496) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5 APRIL 2018 |
| 8. | FIRST YEAR ADOPTION - FRS 102 1A |
| No transitional adjustments were required in the previous year. |