Abbreviated Company Accounts - PROMARINE (UK) LIMITED

PROMARINE (UK) LIMITED - Company Information

04512732 PROMARINE (UK) LIMITED 2014-08-31 false 2013-09-01 2014-08-31 true 04512732 2013-09-01 2014-08-31 04512732 2014-08-31 04512732 2013-08-31 04512732 uk-gaap-cd-bus:Director1 2013-09-01 2014-08-31 04512732 uk-gaap-cd-bus:Director2 2013-09-01 2014-08-31 uk-gaap-cd-bus:Director3 2013-09-01 2014-08-31 uk-gaap-cd-bus:Director3 2014-08-31 uk-gaap-cd-bus:Director3 2013-08-31 iso4217:GBP shares

Registered Number 04512732

PROMARINE (UK) LIMITED

Abbreviated Accounts

31 August 2014

PROMARINE (UK) LIMITED Registered Number 04512732

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	-	1,750
Tangible assets	3	28,530	23,364
		28,530	25,114
Current assets
Stocks		82,197	41,013
Debtors		48,213	38,708
Cash at bank and in hand		62,774	89,210
		193,184	168,931
Creditors: amounts falling due within one year		(122,697)	(128,741)
Net current assets (liabilities)		70,487	40,190
Total assets less current liabilities		99,017	65,304
Creditors: amounts falling due after more than one year		(7,414)	(10,241)
Total net assets (liabilities)		91,603	55,063
Capital and reserves
Called up share capital		1	1
Profit and loss account		91,602	55,062
Shareholders' funds		91,603	55,063

For the year ending 31 August 2014 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 24 April 2015

And signed on their behalf by:
Mr C Dark, Director

PROMARINE (UK) LIMITED Registered Number 04512732

Notes to the Abbreviated Accounts for the period ended 31 August 2014

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 April 2008.

Turnover policy
Turnover represents invoiced value of sales of goods and services to customers, excluding VAT.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
All asset classes: 25% reducing balance

Intangible assets amortisation policy
Amortisation is provided on goodwill so as to write off the cost over 10 years.

2Intangible fixed assets

	£
Cost
At 1 September 2013	30,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	30,000
Amortisation
At 1 September 2013	28,250
Charge for the year	1,750
On disposals	-
At 31 August 2014	30,000
Net book values
At 31 August 2014	0
At 31 August 2013	1,750

3Tangible fixed assets

	£
Cost
At 1 September 2013	81,662
Additions	14,677
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	96,339
Depreciation
At 1 September 2013	58,298
Charge for the year	9,511
On disposals	-
At 31 August 2014	67,809
Net book values
At 31 August 2014	28,530
At 31 August 2013	23,364

4Transactions with directors

Name of director receiving advance or credit:	Mr C Dark
Description of the transaction:	Director's loan
Balance at 1 September 2013:	£ 56,952
Advances or credits made:	-
Advances or credits repaid:	£ 14,113
Balance at 31 August 2014:	£ 42,839

No interest is charges by the director on this loan to the company