Registered Number 02932227
HOT ROCKS SURF COMPANY LIMITED
Abbreviated Accounts
31 August 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Stocks |
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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 | 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 |
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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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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Other accounting policies
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in the year.
DEFERRED TAXATION
Provision is made in full for all taxation deferred in respect of timing differences that have originated but not reversed by the balance sheet date, except for gains on disposal of fixed assets which will be rolled over into replacement assets. No provision is made for taxation on permanent differences.
Deferred tax assets are recognised to the extent that it is more likely than not that they will be recovered.
£ | |
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Cost | |
At 1 September 2015 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 August 2016 |
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Depreciation | |
At 1 September 2015 |
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Charge for the year |
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On disposals |
( |
At 31 August 2016 |
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Net book values | |
At 31 August 2016 | 348,594 |
At 31 August 2015 | 367,642 |
3
Fixed assets Investments
2016
£ |
2015
£ |
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Secured Debts |
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5 Transactions with directors
Name of director receiving advance or credit: |
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Description of the transaction: |
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Balance at 1 September 2015: | £ |
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Advances or credits made: |
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Advances or credits repaid: | £ |
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Balance at 31 August 2016: | £ |