Company Registration No. 04403000 (England and Wales)
MARINE OPTIONS (POOLE) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
MARINE OPTIONS (POOLE) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MARINE OPTIONS (POOLE) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
20,911
10,410
Current assets
Stocks
28,937
7,972
Debtors
76,144
75,271
105,081
83,243
Creditors: amounts falling due within one year
(88,546)
(73,923)
Net current assets
16,535
9,320
Total assets less current liabilities
37,446
19,730
Creditors: amounts falling due after more than one year
(33,098)
(16,961)
Provisions for liabilities
(4,182)
(2,082)
166
687
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
66
587
Shareholders' funds
166
687
For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 26 January 2016
Mrs L Paddy
Director
Company Registration No. 04403000
MARINE OPTIONS (POOLE) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
15% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 May 2014
15,000
54,320
69,320
Additions
-
15,801
15,801
Disposals
-
(17,531)
(17,531)
At 30 April 2015
15,000
52,590
67,590
Depreciation
At 1 May 2014
15,000
43,911
58,911
On disposals
-
(15,922)
(15,922)
Charge for the year
-
3,690
3,690
At 30 April 2015
15,000
31,679
46,679
Net book value
At 30 April 2015
-
20,911
20,911
At 30 April 2014
-
10,410
10,410
MARINE OPTIONS (POOLE) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100