Helmsman Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03916938 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2015

for

Helmsman Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A R Willson

Mrs L M Willson

O D Willson

J A Willson

SECRETARY:

A R Willson

REGISTERED OFFICE:

S6 Dugard House

Peartree Road

Colchester

Essex

CO3 0UL

REGISTERED NUMBER:

03916938 (England and Wales)

ACCOUNTANTS:

Wood & Disney Limited

Lodge Park

Lodge Lane

Langham

Colchester

Essex

CO4 5NE

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

2,865

3,006

2,865

3,006

CURRENT ASSETS

Debtors

19,742

30,161

Cash at bank and in hand

5,582

215

25,324

30,376

CREDITORS

Amounts falling due within one year

26,266

33,086

NET CURRENT LIABILITIES

(942

)

(2,710

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,923

296

PROVISIONS FOR LIABILITIES

286

177

NET ASSETS

1,637

119

CAPITAL AND RESERVES

Called up share capital

4

4

2

Profit and loss account

1,633

117

SHAREHOLDERS' FUNDS

1,637

119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 31 July 2015 and were signed on its behalf by:

A R Willson - Director

Mrs L M Willson - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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 etc

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

21,000

AMORTISATION

At 1 June 2014

and 31 May 2015

21,000

NET BOOK VALUE

At 31 May 2015

-

At 31 May 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

27,425

Additions

815

At 31 May 2015

28,240

DEPRECIATION

At 1 June 2014

24,419

Charge for year

956

At 31 May 2015

25,375

NET BOOK VALUE

At 31 May 2015

2,865

At 31 May 2014

3,006

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

4

Ordinary

1.00

4

2

2 Ordinary shares of 1.00 each were allotted and fully paid for cash at par during the year.