REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 31 March 2016 |
for |
Action Seals Ltd |
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 31 March 2016 |
for |
Action Seals Ltd |
Action Seals Ltd (Registered number: 00750570) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Action Seals Ltd |
Company Information |
for the Year Ended 31 March 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Action Seals Ltd (Registered number: 00750570) |
Abbreviated Balance Sheet |
31 March 2016 |
31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Action Seals Ltd (Registered number: 00750570) |
Abbreviated Balance Sheet - continued |
31 March 2016 |
The financial statements were approved by the Board of Directors on behalf by: |
Action Seals Ltd (Registered number: 00750570) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
Turnover |
Income is recognised on an accruals basis according to delivery of the service or goods supplied. |
Tangible fixed assets |
Fixtures, fittings & office equipment | - |
Computer equipment | - |
Fixed assets are reviewed on a regular basis. Any amendments to the estimated economic life of the |
assets is reflected in the depreciation charge. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to the profit and loss account in the period to which they |
relate. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
Additions |
At 31 March 2016 |
DEPRECIATION |
At 1 April 2015 |
Charge for year |
At 31 March 2016 |
NET BOOK VALUE |
At 31 March 2016 |
At 31 March 2015 |
Action Seals Ltd (Registered number: 00750570) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
Ordinary | £1 |
4. | ULTIMATE PARENT COMPANY |
The company is a wholly owned subsidiary of Beachbreeze Limited. |
5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 March 2016 and |
31 March 2015: |
31.3.16 | 31.3.15 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Balance outstanding at end of year |
During the year, S J Quail, director, was advanced £32,040. This amount was made up of small and |
varying transactions, none of which are of a material nature. £31,380 was repaid during the year. This |
loan is interest free with no formal repayment schedule. |