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REGISTERED NUMBER: SC144259 (Scotland)















Financial Statements for the Year Ended 30 April 2018

for

John O'Groats Ferries Limited

John O'Groats Ferries Limited (Registered number: SC144259)






Contents of the Financial Statements
for the Year Ended 30 April 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


John O'Groats Ferries Limited

Company Information
for the Year Ended 30 April 2018







DIRECTOR: Mrs S Thomas



SECRETARY: Mr F Fermor



REGISTERED OFFICE: Ferry Office
John O'Groats
Caithness
KW1 4YR



REGISTERED NUMBER: SC144259 (Scotland)



SOLICITORS: Young, Robertson & Co
29 Traill Street
Thurso
Caithness
KW14 8EG

John O'Groats Ferries Limited (Registered number: SC144259)

Balance Sheet
30 April 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 4 106,044 111,125

CURRENT ASSETS
Debtors 5 12,508 5,191
Cash at bank and in hand 611,164 454,492
623,672 459,683
CREDITORS
Amounts falling due within one year 6 (175,869 ) (179,056 )
NET CURRENT ASSETS 447,803 280,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

553,847

391,752

PROVISIONS FOR LIABILITIES (4,810 ) (5,251 )
NET ASSETS 549,037 386,501

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 549,035 386,499
SHAREHOLDERS' FUNDS 549,037 386,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 23 January 2019 and were signed by:



Mrs S Thomas - Director


John O'Groats Ferries Limited (Registered number: SC144259)

Notes to the Financial Statements
for the Year Ended 30 April 2018

1. STATUTORY INFORMATION

John O'Groats Ferries Limited is a private company, limited by shares , registered in Scotland. The company's
registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts derived from the operation of a passenger ferry service from John O'Groats
together with the provision of tours on the Orkney islands.

FIXED ASSETS AND DEPRECIATION
All fixed assets are initially recorded at cost. Depreciation is provided on all tangible assets at rates calculated to
write off the cost or valuation, less estimated residual value of each asset, evenly over its expected useful life as
follows:

Land and buildings 4% reducing balance
Plant and machinery 5% reducing balance
Caravans 10% reducing balance
Motor vehicles 10% reducing balance

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 13 ) .

John O'Groats Ferries Limited (Registered number: SC144259)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2018

4. TANGIBLE FIXED ASSETS
Land and Plant and Motor
buildings machinery vehicles Caravans Totals
£    £    £    £    £   
COST
At 1 May 2017
and 30 April 2018 199,584 305,921 1,400 22,808 529,713
DEPRECIATION
At 1 May 2017 119,414 281,472 620 17,082 418,588
Charge for year 3,207 1,223 78 573 5,081
At 30 April 2018 122,621 282,695 698 17,655 423,669
NET BOOK VALUE
At 30 April 2018 76,963 23,226 702 5,153 106,044
At 30 April 2017 80,170 24,449 780 5,726 111,125

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 12,508 5,191

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 6,771 59,387
Corporation tax 43,242 14,014
Other creditors 33,134 11,764
Accruals and deferred income 92,722 93,891
175,869 179,056

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S Thomas.