Timsbury Fishery Limited - Accounts to registrar (filleted) - small 18.2
Timsbury Fishery Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| TIMSBURY FISHERY LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| TIMSBURY FISHERY LIMITED (REGISTERED NUMBER: 03036776) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| TIMSBURY FISHERY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| TIMSBURY FISHERY LIMITED (REGISTERED NUMBER: 03036776) |
| BALANCE SHEET |
| 31 DECEMBER 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| TIMSBURY FISHERY LIMITED (REGISTERED NUMBER: 03036776) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| TIMSBURY FISHERY LIMITED (REGISTERED NUMBER: 03036776) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 1. | STATUTORY INFORMATION |
| Timsbury Fishery Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with FRS102 "The Financial Reporting |
| Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies |
| Act 2006 as applicable to companies subject to the small companies regime. |
| The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure |
| Is required to show a true and far view. |
| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary |
| amounts in these financial statements are rounded to the nearest £1. |
| The financial statements have been prepared under the historical cost convention, modified to include certain |
| financial instruments at fair value. The principal accounting policies adopted are set out below. |
| 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 |
| Freehold land | - |
| Freehold improvements | - |
| Plant & machinery | - |
| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds |
| and the carrying value of the asset and is recognised in the income statement. |
| TIMSBURY FISHERY LIMITED (REGISTERED NUMBER: 03036776) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial assets |
| The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 |
| 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
| Financial assets are recognised in the company's statement of financial position when the company becomes |
| party to the contractual provisions of the instrument. |
| Basic financial assets, which include trade and other receivables and cash and bank balances are initially |
| measured at transaction price including transaction costs and are subsequently carried at amortised cost using |
| the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction |
| is measured at the present value of the future receipts discounted at a market rate of interest. |
| Financial liabilities |
| Basic financial liabilities which include trade and other payables, are initially measured at transaction price |
| and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where |
| the debt instrument is measured at the present value of the future receipts discounted at a market rate of |
| interest. |
| Equity instruments |
| Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct |
| issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the |
| discretion of the company. |
| 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. |
| Grant income |
| Grant income is released to income in the period which it is received. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| TIMSBURY FISHERY LIMITED (REGISTERED NUMBER: 03036776) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Freehold | Plant & |
| land | improvements | machinery | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 January 2017 |
| Additions |
| At 31 December 2017 |
| DEPRECIATION |
| At 1 January 2017 |
| Charge for year |
| At 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other debtors |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Tax |
| Other creditors |
| Directors' current accounts | 91 | 91 |
| Accruals and deferred income |
| 7. | CAPITAL COMMITMENTS |
| 2017 | 2016 |
| £ | £ |
| Contracted but not provided for in the |
| financial statements |