AQUALINE_MARKETING_LIMITE - Accounts

AQUALINE MARKETING LIMITED - Company Information

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Company Registration No. 05305305 (England and Wales)

AQUALINE MARKETING LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

AQUALINE MARKETING LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

AQUALINE MARKETING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

18,000

24,000

Tangible assets

238,895

240,944

256,895

264,944

Current assets

Stocks

28,684

44,642

Debtors

207,029

213,483

Cash at bank and in hand

16,765

5,649

252,478

263,774

Creditors: amounts falling due within one year

(212,563)

(239,821)

Net current assets

39,915

23,953

Total assets less current liabilities

296,810

288,897

Creditors: amounts falling due after more than one year

(158,186)

(165,626)

Provisions for liabilities

(442)

(852)

138,182

122,419

Capital and reserves

Called up share capital

Other reserves

Profit and loss account

138,180

122,417

Shareholders' funds

138,182

122,419

AQUALINE MARKETING LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 NOVEMBER 2015

- 2 -

For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 8 March 2016

Mr I D Cooke

Director

Company Registration No. 05305305

AQUALINE MARKETING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 3 -

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

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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 Freehold

Fixtures, fittings & equipment

33 1/3% straight line

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.7

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.

AQUALINE MARKETING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 December 2014 & at 30 November 2015

60,000

244,594

304,594

Depreciation

At 1 December 2014

36,000

3,650

39,650

Charge for the year

6,000

2,049

8,049

At 30 November 2015

42,000

5,699

47,699

Net book value

At 30 November 2015

18,000

238,895

256,895

At 30 November 2014

24,000

240,944

264,944

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary share of £1 each