Registered Number 04403000

MARINE OPTIONS [POOLE] LTD

Abbreviated Accounts

30 April 2016

MARINE OPTIONS [POOLE] LTD Registered Number 04403000

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 - -
Tangible assets 3 18,611 20,911
18,611 20,911
Current assets
Stocks 43,779 28,937
Debtors 64,836 76,144
108,615 105,081
Creditors: amounts falling due within one year (93,064) (88,546)
Net current assets (liabilities) 15,551 16,535
Total assets less current liabilities 34,162 37,446
Creditors: amounts falling due after more than one year (30,410) (33,098)
Provisions for liabilities (3,722) (4,182)
Total net assets (liabilities) 30 166
Capital and reserves
Called up share capital 4 100 100
Profit and loss account (70) 66
Shareholders' funds 30 166
  • For the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • 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.

Approved by the Board on 30 January 2017

And signed on their behalf by:
Ms L Paddy, Director

MARINE OPTIONS [POOLE] LTD Registered Number 04403000

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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 & machinery - 15% reducing balance
Computer equipment - 3 year straight line
Motor vehicles - 25% reducing balance

Other accounting policies
Goodwill
Acquired goodwill is written off in equal annual instalments over its expected useful economic life.

2Intangible fixed assets
£
Cost
At 1 May 2015 15,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2016 15,000
Amortisation
At 1 May 2015 15,000
Charge for the year -
On disposals -
At 30 April 2016 15,000
Net book values
At 30 April 2016 0
At 30 April 2015 0
3Tangible fixed assets
£
Cost
At 1 May 2015 52,590
Additions 1,256
Disposals -
Revaluations -
Transfers -
At 30 April 2016 53,846
Depreciation
At 1 May 2015 31,679
Charge for the year 3,556
On disposals -
At 30 April 2016 35,235
Net book values
At 30 April 2016 18,611
At 30 April 2015 20,911
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100