AL_SUBSEA_ENGINEERING_LIM - Accounts

AL SUBSEA ENGINEERING LTD - Company Information

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Company Registration No. SC402311 (Scotland)

AL SUBSEA ENGINEERING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

AL SUBSEA ENGINEERING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

AL SUBSEA ENGINEERING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

682

212

Current assets

Debtors

1,290

4,775

Cash at bank and in hand

15,466

80,249

16,756

85,024

Creditors: amounts falling due within one year

(14,246)

(48,687)

Net current assets

2,510

36,337

Total assets less current liabilities

3,192

36,549

Capital and reserves

Called up share capital

100

Profit and loss account

3,092

36,449

Shareholders' funds

3,192

36,549

For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has 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 his 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 24 February 2015

Aurelien Leclerc

Director

Company Registration No. SC402311

AL SUBSEA ENGINEERING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 2 -

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 services net of VAT and trade discounts.

1.4

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:

Computer equipment

33.33% on cost.

Fixed assets

Tangible assets

Cost

At 1 October 2013

1,150

Additions

1,022

At 30 September 2014

2,172

Depreciation

At 1 October 2013

938

Charge for the year

552

At 30 September 2014

1,490

Net book value

At 30 September 2014

682

At 30 September 2013

212

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

Related party relationships and transactions

AL SUBSEA ENGINEERING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

Related party relationships and transactions

(Continued)

- 3 -

Loans from Director

Transactions in relation to loans with the director during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Loan to the Company

6,287

4,633

1,654

6,287

4,633

1,654