W.G.H. Marine Engineering Ltd. - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC288788 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2014

for

W.G.H. Marine Engineering Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

W G Hughson

SECRETARY:

Ms R C Robinson

REGISTERED OFFICE:

Fleur DeLys

Whiteness

Shetland

ZE2 9LJ

REGISTERED NUMBER:

SC288788 (Scotland)

ACCOUNTANTS:

Bon Accord Accountancy Limited

Nordhus

North Ness Business Park

Lerwick

Shetland

ZE1 0LZ

FIXED ASSETS

Tangible assets

2

29,487

32,261

Investments

3

19,409

19,262

48,896

51,523

CURRENT ASSETS

Debtors

476

1,906

Cash at bank

232,673

150,446

233,149

152,352

CREDITORS

Amounts falling due within one year

29,566

26,014

NET CURRENT ASSETS

203,583

126,338

TOTAL ASSETS LESS CURRENT LIABILITIES

252,479

177,861

PROVISIONS FOR LIABILITIES

2,328

2,778

NET ASSETS

250,151

175,083

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

250,149

175,081

SHAREHOLDERS' FUNDS

250,151

175,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 6 March 2015 and were signed by:

W G Hughson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance and 10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

63,903

DEPRECIATION

At 1 September 2013

31,642

Charge for year

2,774

At 31 August 2014

34,416

NET BOOK VALUE

At 31 August 2014

29,487

At 31 August 2013

32,261

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 September 2013

19,262

Dividends received

147

At 31 August 2014

19,409

NET BOOK VALUE

At 31 August 2014

19,409

At 31 August 2013

19,262

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

2

Ordinary

£1

2

2