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REGISTERED NUMBER: 04696407 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

Abersoch Boardrider Limited

Abersoch Boardrider Limited (Registered number: 04696407)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Abersoch Boardrider Limited

Company Information
for the Year Ended 31 March 2017







DIRECTOR: Ms G Smith





SECRETARY: Ms G Smith





REGISTERED OFFICE: 1 Thomas Buildings
New Street
Pwllheli
Gwynedd
LL53 5HH





REGISTERED NUMBER: 04696407 (England and Wales)





ACCOUNTANTS: Gwyn Thomas and Co Limited
1 Thomas Buildings
New Street
Pwllheli
Gwynedd
LL53 5HH

Abersoch Boardrider Limited (Registered number: 04696407)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,587 12,895
11,587 12,895

CURRENT ASSETS
Stocks 88,200 86,098
Debtors 6 22,847 23,730
Cash at bank and in hand 29,250 21,953
140,297 131,781
CREDITORS
Amounts falling due within one year 7 309,631 306,807
NET CURRENT LIABILITIES (169,334 ) (175,026 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(157,747

)

(162,131

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (157,749 ) (162,133 )
SHAREHOLDERS' FUNDS (157,747 ) (162,131 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20 September 2017 and were signed by:




Ms G Smith - Director


Abersoch Boardrider Limited (Registered number: 04696407)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Abersoch Boardrider Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

Abersoch Boardrider Limited (Registered number: 04696407)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2016
and 31 March 2017 25,000
AMORTISATION
At 1 April 2016
and 31 March 2017 25,000
NET BOOK VALUE
At 31 March 2017 -
At 31 March 2016 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2016 140,975
Additions 1,577
At 31 March 2017 142,552
DEPRECIATION
At 1 April 2016 128,080
Charge for year 2,885
At 31 March 2017 130,965
NET BOOK VALUE
At 31 March 2017 11,587
At 31 March 2016 12,895

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Other debtors 22,847 23,730

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade creditors 56,432 48,282
Other creditors 253,199 258,525
309,631 306,807

8. CONTROL

The ultimate controlling party is the sole director Ms G Smith.