Mercia Marine (Underwriting) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03758742 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

MERCIA MARINE (UNDERWRITING) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

K C Jaffrey

D W Sudworth

SECRETARY:

D W Sudworth

REGISTERED OFFICE:

2 The Links

HERNE BAY

Kent

CT6 7GQ

REGISTERED NUMBER:

03758742 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

2 The Links

HERNE BAY

Kent

CT6 7GQ

FIXED ASSETS

Tangible assets

2

254

338

CURRENT ASSETS

Debtors

68,119

63,905

Cash at bank and in hand

17,121

58,495

85,240

122,400

CREDITORS

Amounts falling due within one year

44,009

22,457

NET CURRENT ASSETS

41,231

99,943

TOTAL ASSETS LESS CURRENT LIABILITIES

41,485

100,281

CAPITAL AND RESERVES

Called up share capital

3

2,500

5,000

Capital redemption reserve

2,500

-

Profit and loss account

36,485

95,281

SHAREHOLDERS' FUNDS

41,485

100,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 28 May 2015 and were signed on its behalf by:

K C Jaffrey - 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 the amount received in commission from insurance premiums collected.

Tangible fixed assets

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

Office equipment

-

33% on a straight line basis and 25% on reducing balance

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 May 2014

and 30 April 2015

54,568

DEPRECIATION

At 1 May 2014

54,230

Charge for year

84

At 30 April 2015

54,314

NET BOOK VALUE

At 30 April 2015

254

At 30 April 2014

338

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

5,000

Ordinary

1

2,500

5,000