DUBOIS_NAVAL_ARCHITECTS_L - Accounts

DUBOIS NAVAL ARCHITECTS LIMITED - Company Information

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Company Registration No. 01674001 (England and Wales)

DUBOIS NAVAL ARCHITECTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

DUBOIS NAVAL ARCHITECTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DUBOIS NAVAL ARCHITECTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

105,012

24,565

Current assets

Stocks

222,500

32,500

Debtors

834,462

773,481

Cash at bank and in hand

48,119

857

1,105,081

806,838

Creditors: amounts falling due within one year

(857,795)

(563,676)

Net current assets

247,286

243,162

Total assets less current liabilities

352,298

267,727

Provisions for liabilities

(2,769)

(2,939)

349,529

264,788

Capital and reserves

Called up share capital

124

Other reserves

Profit and loss account

349,329

264,588

Shareholders' funds

349,529

264,788

For the financial year ended 31 December 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 members have 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 14 September 2015

Mr E G Dubois

Director

Company Registration No. 01674001

DUBOIS NAVAL ARCHITECTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 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 goods and 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:

Land and buildings Leasehold

10% on Cost

Plant and machinery

25% on the reducing balance

Computer equipment

25% on the reducing balance

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 January 2014

319,469

Additions

115,450

At 31 December 2014

434,919

Depreciation

At 1 January 2014

294,904

Charge for the year

35,003

At 31 December 2014

329,907

Net book value

At 31 December 2014

105,012

At 31 December 2013

24,565

DUBOIS NAVAL ARCHITECTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

124 Ordinary A of £1 each

124

Ultimate parent company

The ultimate parent company is Dubois Design Limited, a company registered in England and Wales.

Dubois Design Limited has taken advantage under Section 399 of the Companies Act 2006 not to prepare group accounts.