Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Electcatch Limited
(Registration number: 01764855)
Abbreviated Balance Sheet at 31 December 2015
Note |
2015
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2014
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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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 |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
C J Lambert
Director
Electcatch Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Amortisation
No amortisation is provided on the fishing licences and quotas as in the opinion of the directors the anticipated sale proceeds will exceed the net book value.
Asset class |
Amortisation method and rate |
Licences and quotas |
|
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Trawler and equipment |
|
Fixtures and fittings |
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Fixed assets |
Intangible assets
|
Tangible assets
|
Total
|
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Cost |
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At 1 January 2015 |
171,700 |
252,310 |
424,010 |
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Additions |
- |
13,981 |
13,981 |
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Disposals |
- |
(80,071) |
(80,071) |
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At 31 December 2015 |
171,700 |
186,220 |
357,920 |
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Depreciation |
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At 1 January 2015 |
- |
25,659 |
25,659 |
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Charge for the year |
- |
17,286 |
17,286 |
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Eliminated on disposals |
- |
(10,675) |
(10,675) |
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At 31 December 2015 |
- |
32,270 |
32,270 |
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Net book value |
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At 31 December 2015 |
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At 31 December 2014 |
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Electcatch Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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