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REGISTERED NUMBER: SC144259 (Scotland)















Financial Statements for the Year Ended 30 April 2017

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 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John O'Groats Ferries Limited

Company Information
for the Year Ended 30 April 2017







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 2017

2017 2016
Notes £    £   
FIXED ASSETS
Tangible assets 4 111,125 117,905

CURRENT ASSETS
Debtors 5 5,191 6,272
Cash at bank and in hand 454,492 248,992
459,683 255,264
CREDITORS
Amounts falling due within one year 6 (179,056 ) (39,164 )
NET CURRENT ASSETS 280,627 216,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,752

334,005

PROVISIONS FOR LIABILITIES (5,251 ) (4,324 )
NET ASSETS 386,501 329,681

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 386,499 329,679
SHAREHOLDERS' FUNDS 386,501 329,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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

Balance Sheet - continued
30 April 2017


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 9 January 2018 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 2017

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 10% 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 .

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

Notes to the Financial Statements - continued
for the Year Ended 30 April 2017

4. TANGIBLE FIXED ASSETS
Land and Plant and Motor
buildings machinery vehicles Caravans Totals
£    £    £    £    £   
COST
At 1 May 2016
and 30 April 2017 199,584 305,921 1,400 22,808 529,713
DEPRECIATION
At 1 May 2016 116,074 278,755 533 16,446 411,808
Charge for year 3,340 2,717 87 636 6,780
At 30 April 2017 119,414 281,472 620 17,082 418,588
NET BOOK VALUE
At 30 April 2017 80,170 24,449 780 5,726 111,125
At 30 April 2016 83,510 27,166 867 6,362 117,905

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 5,191 6,272

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 59,387 10,825
Corporation tax 14,014 75
Other creditors 11,764 28,264
Accruals and deferred income 93,891 -
179,056 39,164