Abbreviated Company Accounts - OFFSHORE DEVELOPMENTS ENGINEERING COMPANY LIMITED

OFFSHORE DEVELOPMENTS ENGINEERING COMPANY LIMITED - Company Information

02012719 OFFSHORE DEVELOPMENTS ENGINEERING COMPANY LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 02012719 2014-06-01 2015-05-31 02012719 2015-05-31 02012719 2014-05-31 02012719 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 02012719 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 02012719

OFFSHORE DEVELOPMENTS ENGINEERING COMPANY LIMITED

Abbreviated Accounts

31 May 2015

OFFSHORE DEVELOPMENTS ENGINEERING COMPANY LIMITED Registered Number 02012719

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,340	1,030
		2,340	1,030
Current assets
Debtors		1,858	1,497
Cash at bank and in hand		21,497	22,918
		23,355	24,415
Creditors: amounts falling due within one year		(22,132)	(22,342)
Net current assets (liabilities)		1,223	2,073
Total assets less current liabilities		3,563	3,103
Creditors: amounts falling due after more than one year		(2,871)	(1,875)
Total net assets (liabilities)		692	1,228
Capital and reserves
Called up share capital	3	4	4
Profit and loss account		688	1,224
Shareholders' funds		692	1,228

For the year ending 31 May 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 10 February 2016

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

OFFSHORE DEVELOPMENTS ENGINEERING COMPANY LIMITED Registered Number 02012719

Notes to the Abbreviated Accounts for the period ended 31 May 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.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 15%

2Tangible fixed assets

	£
Cost
At 1 June 2014	5,976
Additions	1,723
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	7,699
Depreciation
At 1 June 2014	4,946
Charge for the year	413
On disposals	-
At 31 May 2015	5,359
Net book values
At 31 May 2015	2,340
At 31 May 2014	1,030

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

	2015 £	2014 £
4 Ordinary shares of £1 each	4	4