Abbreviated Company Accounts - FIN DIVERS LIMITED

FIN DIVERS LIMITED - Company Information

07437546 FIN DIVERS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 07437546 2014-04-01 2015-03-31 07437546 2015-03-31 07437546 2014-03-31 07437546 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 07437546 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 07437546

FIN DIVERS LIMITED

Abbreviated Accounts

31 March 2015

FIN DIVERS LIMITED Registered Number 07437546

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	11,006	18,401
		11,006	18,401
Current assets
Stocks		25,000	22,500
Debtors		10,980	6,473
Cash at bank and in hand		2,205	-
		38,185	28,973
Creditors: amounts falling due within one year		(41,923)	(39,067)
Net current assets (liabilities)		(3,738)	(10,094)
Total assets less current liabilities		7,268	8,307
Total net assets (liabilities)		7,268	8,307
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		7,168	8,207
Shareholders' funds		7,268	8,307

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 January 2016

And signed on their behalf by:
MR M P BACON, Director

FIN DIVERS LIMITED Registered Number 07437546

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class - Commercial motor vehicle, Depreciation method and rate - 25% reducing balance
Asset class - Plant & machinery, Depreciation method and rate - 20% straight line

Other accounting policies
Stock - Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2Tangible fixed assets

	£
Cost
At 1 April 2014	39,269
Additions	6,826
Disposals	(23,020)
Revaluations	-
Transfers	-
At 31 March 2015	23,075
Depreciation
At 1 April 2014	20,868
Charge for the year	4,509
On disposals	(13,308)
At 31 March 2015	12,069
Net book values
At 31 March 2015	11,006
At 31 March 2014	18,401

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100