Astek Marine & Offshore Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC399777 (Scotland)

Abbreviated Accounts

for the Year Ended 31 March 2015

for

Astek Marine & Offshore Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S C Johnson

A F Steele

REGISTERED OFFICE:

North Hilton Stables

Netherley

Stonehaven

AB39 3QL

REGISTERED NUMBER:

SC399777 (Scotland)

ACCOUNTANTS:

MMG Archbold

Chartered Accountants

182 High Street

Montrose

ANGUS

DD10 8PH

FIXED ASSETS

Tangible assets

2

800

1,000

CURRENT ASSETS

Debtors

476

476

Cash at bank

4,975

6,217

5,451

6,693

CREDITORS

Amounts falling due within one year

360

832

NET CURRENT ASSETS

5,091

5,861

TOTAL ASSETS LESS CURRENT LIABILITIES

5,891

6,861

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

5,791

6,761

SHAREHOLDERS' FUNDS

5,891

6,861

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 7 December 2015 and were signed on its behalf by:

A F Steele - Director

S C Johnson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors have a reasonable expectation that the company has adequate resources to continue in

operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of

accounting in preparing the annual financial statements.

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 and profit on ordinary activities before taxation are attributable to marine engineers.

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

Contracts for services

Where the substance of a contract is that the contractual obligations are performed gradually over time,

revenue is recognised as contract activity progresses to reflect the partial performance of our contractual

obligations. The amount of revenue included reflects of the accrual of the right to consideration as contract

activity progresses by reference to value of the work performed.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

1,333

DEPRECIATION

At 1 April 2014

333

Charge for year

200

At 31 March 2015

533

NET BOOK VALUE

At 31 March 2015

800

At 31 March 2014

1,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100