Abbreviated Company Accounts - OLBEK FISHING COMPANY LIMITED
Abbreviated Company Accounts - OLBEK FISHING COMPANY LIMITED
Registered Number 00919773
OLBEK FISHING COMPANY LIMITED
Abbreviated Accounts
31 May 2014
OLBEK FISHING COMPANY LIMITED Registered Number 00919773
Abbreviated Balance Sheet as at 31 May 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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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 | 4 |
( |
( |
Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year | 4 |
( |
( |
Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
( |
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Capital and reserves | |||
Called up share capital | 5 |
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Share premium account |
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Profit and loss account |
( |
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Shareholders' funds |
( |
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For the year ending 31 May 2014 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:
OLBEK FISHING COMPANY LIMITED Registered Number 00919773
Notes to the Abbreviated Accounts for the period ended 31 May 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Fishing vessel - 5% straight line basis
Fixtures, fittings and equipment - 25% straight line basis
Motor vehicles - 25% straight line basis
Intangible assets amortisation policy
Other accounting policies
Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.
£ | |
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Cost | |
At 1 June 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 May 2014 |
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Amortisation | |
At 1 June 2013 |
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Charge for the year |
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On disposals |
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At 31 May 2014 |
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Net book values | |
At 31 May 2014 | 120,963 |
At 31 May 2013 | 225,260 |
£ | |
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Cost | |
At 1 June 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 May 2014 |
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Depreciation | |
At 1 June 2013 |
|
Charge for the year |
|
On disposals |
|
At 31 May 2014 |
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Net book values | |
At 31 May 2014 | 1,335,432 |
At 31 May 2013 | 1,454,145 |
2014
£ |
2013
£ |
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Secured Debts |
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