| The Elephant Boatyard Limited |
For the year ended 31 October 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 01159255
The Elephant Boatyard Limited
For the year ended 31 October 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
| Abbreviated Balance Sheet |
The Elephant Boatyard Limited
2015
2014
2
502,481
528,267
502,481
528,267
200,250
200,285
86,967
88,877
289,162
287,217
| Creditors: amounts falling due within one year |
3
(409,478)
(373,623)
(122,261)
(84,461)
Net current liabilities
| Total assets less current liabilities |
418,020
406,006
| Creditors: amounts falling due after more than one year |
(4,400)
-
418,020
Net assets
401,606
1,000
4
1,000
417,020
400,606
418,020
401,606
Shareholders funds
| For the year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
| Date approved by the board: 09 March 2016 |
| T L C Richardson Director |
| Signed on behalf of the board of directors |
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| Notes to the Abbreviated Financial Statements |
For the year ended 31 October 2015
The Elephant Boatyard Limited
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Research and development expenditure |
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
Plant and Machinery
Motor Vehicles
Fixtures and Fittings
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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| Notes to the Abbreviated Financial Statements |
For the year ended 31 October 2015
The Elephant Boatyard Limited
791,715
6,135
797,850
263,448
31,921
Charge for year
295,369
502,481
528,267
2015
| 3 Creditors: amounts falling due within one year |
2014
192,283
221,854
Bank loans and overdrafts (secured)
| 5,000 Ordinary Share Class 1 shares of £1.00 each |
| Allotted called up and fully paid |
2015
2014
| 1,000 Ordinary Share Class 1 shares of £1.00 each |
1,000
1,000
1,000
1,000
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