Registered number: 05918594 | ||||||||
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FOR THE YEAR ENDED 31 MARCH 2020 | ||||||||
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Prepared By: | ||||||||
Pritchard & Co | ||||||||
Chartered Certified Accountants | ||||||||
Ffynnonddofn | ||||||||
74 High Street | ||||||||
Fishguard | ||||||||
Pembrokeshire | ||||||||
SA65 9AU |
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Adventure Powerboats Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2020 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
Mrs A J Barber | ||||||||
REGISTERED OFFICE | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 05918594 | ||||||||
ACCOUNTANTS | ||||||||
Pritchard & Co | ||||||||
Chartered Certified Accountants | ||||||||
Ffynnonddofn | ||||||||
74 High Street | ||||||||
Fishguard | ||||||||
Pembrokeshire | ||||||||
SA65 9AU |
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Adventure Powerboats Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2020 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Adventure Powerboats Limited | ||||||||
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BALANCE SHEET AT
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2020 | 2019 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Debtors | 3 |
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Cash at bank and in hand |
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85,994 | 40,212 | |||||||||
CREDITORS: Amounts falling due within one year | 4 |
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NET CURRENT (LIABILITIES) / ASSETS |
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17,876 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 5 | 1,238 | 4,232 | |||||||
NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 |
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Profit and loss account | 136,248 | 153,890 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Adventure Powerboats Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MARCH 2020 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Plant and Machinery | straight line 10% | |||||||
Commercial Vehicles | reducing balance 25% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1d. 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 April 2019 | 172,912 | 12,917 | 185,829 | |||
Additions | 72,774 | - | 72,774 | |||
Disposals | (68,000) | - | (68,000) | |||
At 31 March 2020 | 177,686 | 12,917 | 190,603 | |||
Depreciation | ||||||
At 1 April 2019 | 35,730 | 9,851 | 45,581 | |||
Disposals | (13,167) | - | (13,167) | |||
For the year | 17,590 | 766 | 18,356 | |||
At 31 March 2020 | 40,153 | 10,617 | 50,770 | |||
Net Book Amounts | ||||||
At 31 March 2020 |
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139,833 | |||
At 31 March 2019 |
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140,248 | |||
3. DEBTORS | 2020 | 2019 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 57,600 | 1,030 | ||||||
VAT | 5,135 | 918 | ||||||
Prepayments | 6,692 | 11,126 | ||||||
69,427 | 13,074 | |||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2020 | 2019 | |||||||
£ | £ | |||||||
UK corporation tax | 5,093 | 4,478 | ||||||
PAYE control | - | 474 | ||||||
Directors current account | 286 | 24 | ||||||
Bank loans and overdrafts | - | 54 | ||||||
Bank Loan | 2,004 | 2,004 | ||||||
Credit card | 4,642 | 4,481 | ||||||
Trade creditors | 74,027 | 8,631 | ||||||
Accruals | 1,297 | 1,200 | ||||||
Grants | 990 | 990 | ||||||
88,339 | 22,336 | |||||||
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Adventure Powerboats Limited | ||||||||
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5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2020 | 2019 | |||||||
£ | £ | |||||||
Bank loans (secured) >1yr | - | 2,004 | ||||||
Grants >1yr | 1,238 | 2,228 | ||||||
1,238 | 4,232 | |||||||
6. EMPLOYEES | ||||||
2020 | 2019 | |||||
No. | No. | |||||
Average number of employees |
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4 | ||||
7. SHARE CAPITAL | 2020 | 2019 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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2 | 2 | ||||||
2 | 2 | |||||||
8. CONTROLLING PARTY | ||||||||
The company is controlled by Mr & Mrs A. Barber by virtue of their 100% shareholding. | ||||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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