Registered number: 05918594 | ||||||||
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FOR THE YEAR ENDED 28 FEBRUARY 2016 | ||||||||
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Prepared By: | ||||||||
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Chartered Certified Accountants | ||||||||
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Fishguard | ||||||||
Pembrokeshire | ||||||||
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Adventure Powerboats Limited | ||||||||
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ABBREVIATED ACCOUNTS | ||||||||
FOR THE YEAR ENDED
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INDEX TO THE ACCOUNTS | ||||||||
Abbreviated Balance Sheet | 2 | |||||||
Notes to the Abbreviated Accounts | 3 | |||||||
The company's registered number is 05918594 | ||||||||
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Adventure Powerboats Limited | ||||||||
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Registered Number: 05918594 | ||||||||||
BALANCE SHEET AT 28 FEBRUARY 2016 | ||||||||||
2016 | 2015 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Debtors (amounts falling due within one year) | 3 |
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Cash at bank and in hand |
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70,227 |
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CREDITORS: Amounts falling due within one year |
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NET CURRENT LIABILITIES |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 4 |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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Approved by the board on
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Director | ||||||||||
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Adventure Powerboats Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 28 FEBRUARY 2016 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
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1b. Depreciation | ||||||||
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Plant and Machinery |
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Commercial Vehicles |
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1c. Taxation | ||||||||
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Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted. |
1d. Pension Costs | ||||||||
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1e. Turnover | ||||||||
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1f. Leases | ||||||||
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
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Adventure Powerboats Limited | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||||
Plant and | Commercial | |||||
Machinery | Vehicles | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 March 2015 |
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Additions |
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Disposals |
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At 28 February 2016 | 129,255 | 12,917 | 142,172 | |||
Depreciation | ||||||
At 1 March 2015 |
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Disposals |
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For the year |
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At 28 February 2016 |
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Net Book Amounts | ||||||
At 28 February 2016 |
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At 28 February 2015 |
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3. DEBTORS | 2016 | 2015 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors |
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VAT |
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Other debtors |
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4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2016 | 2015 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | 440 | 7,188 | ||||||
Other creditors | 5,280 | 7,675 | ||||||
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Adventure Powerboats Limited | ||||||||
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5. SHARE CAPITAL | 2016 | 2015 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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6. RELATED PARTY TRANSACTIONS | ||||||||
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7. CONTROLLING PARTY | ||||||||
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