Abbreviated Company Accounts - MARINE SYSTEMS ENGINEERING LTD

MARINE SYSTEMS ENGINEERING LTD - Company Information

04526561 MARINE SYSTEMS ENGINEERING LTD 2014-09-30 false 2013-10-01 2014-09-30 true 04526561 2013-10-01 2014-09-30 04526561 2014-09-30 04526561 2013-09-30 04526561 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 04526561 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 04526561

MARINE SYSTEMS ENGINEERING LTD

Abbreviated Accounts

30 September 2014

MARINE SYSTEMS ENGINEERING LTD Registered Number 04526561

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	330	747
		330	747
Current assets
Stocks		3,981	3,450
Debtors		12,459	10,453
Cash at bank and in hand		278	409
		16,718	14,312
Creditors: amounts falling due within one year		(15,857)	(16,989)
Net current assets (liabilities)		861	(2,677)
Total assets less current liabilities		1,191	(1,930)
Total net assets (liabilities)		1,191	(1,930)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		1,189	(1,932)
Shareholders' funds		1,191	(1,930)

For the year ending 30 September 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 30 June 2015

And signed on their behalf by:
Mr David Stopard, Director

MARINE SYSTEMS ENGINEERING LTD Registered Number 04526561

Notes to the Abbreviated Accounts for the period ended 30 September 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 revenue earned in respect of services supplied by the company.

Revenue is recognised as earned when, and to the extent that, the company obtains the right to
consideration in exchange for its performance under those contracts. It is measured at the fair
value of the right to consideration, which represents amounts chargeable to customers excluding
Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided by the company to write off the cost or valuation less the estimated residual
value of tangible fixed assets over their estimated useful economic lives as follows:

Equipment and Office Furniture 20% Straight Line
Motor Vehicles 25% per annum on a reducing balance

2Tangible fixed assets

	£
Cost
At 1 October 2013	10,358
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	10,358
Depreciation
At 1 October 2013	9,611
Charge for the year	417
On disposals	-
At 30 September 2014	10,028
Net book values
At 30 September 2014	330
At 30 September 2013	747

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2