Deep Water Blue Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04387387 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

DEEP WATER BLUE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N J Shorey

M P Casey

SECRETARY:

N J Shorey

REGISTERED OFFICE:

5 Beaumont Gate

Shenley Hill

Radlett

Hertfordshire

WD7 7AR

REGISTERED NUMBER:

04387387 (England and Wales)

ACCOUNTANTS:

Nagler Simmons

Chartered Accountants

5 Beaumont Gate

Shenley Hill

Radlett

Hertfordshire

WD7 7AR

FIXED ASSETS

Tangible assets

2

43,450

18,779

CURRENT ASSETS

Debtors

169,447

140,707

Cash at bank

58,644

93,959

228,091

234,666

CREDITORS

Amounts falling due within one year

181,734

167,702

NET CURRENT ASSETS

46,357

66,964

TOTAL ASSETS LESS CURRENT LIABILITIES

89,807

85,743

CREDITORS

Amounts falling due after more than one year

(30,631

)

(14,947

)

PROVISIONS FOR LIABILITIES

(8,690

)

(2,577

)

NET ASSETS

50,486

68,219

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

50,386

68,119

SHAREHOLDERS' FUNDS

50,486

68,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 September 2015 and were signed on its behalf by:

M P Casey - 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 and services excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

1/3 on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

128,017

Additions

56,926

Disposals

(79,068

)

At 31 December 2014

105,875

DEPRECIATION

At 1 January 2014

109,238

Charge for year

18,415

Eliminated on disposal

(65,228

)

At 31 December 2014

62,425

NET BOOK VALUE

At 31 December 2014

43,450

At 31 December 2013

18,779

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

£1

100

100

4.	ULTIMATE CONTROLLING PARTY

The directors Mr N. J. Shorey and Mr M. P. Casey are the ultimate controlling parties of the company.