Abbreviated Company Accounts - PROMARINE (UK) LIMITED

PROMARINE (UK) LIMITED - Company Information

04512732 PROMARINE (UK) LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 04512732 2014-09-01 2015-08-31 04512732 2015-08-31 04512732 2014-08-31 04512732 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 04512732 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:Director3 2014-09-01 2015-08-31 uk-gaap-cd-bus:Director3 2015-08-31 uk-gaap-cd-bus:Director3 2014-08-31 iso4217:GBP shares

Registered Number 04512732

PROMARINE (UK) LIMITED

Abbreviated Accounts

31 August 2015

PROMARINE (UK) LIMITED Registered Number 04512732

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	23,637	28,530
		23,637	28,530
Current assets
Stocks		69,462	82,197
Debtors		115,857	48,213
Cash at bank and in hand		2,516	62,774
		187,835	193,184
Creditors: amounts falling due within one year		(89,228)	(122,697)
Net current assets (liabilities)		98,607	70,487
Total assets less current liabilities		122,244	99,017
Creditors: amounts falling due after more than one year		-	(7,414)
Total net assets (liabilities)		122,244	91,603
Capital and reserves
Called up share capital		1	1
Profit and loss account		122,243	91,602
Shareholders' funds		122,244	91,603

For the year ending 31 August 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 April 2016

And signed on their behalf by:
Mr C Dark, Director

PROMARINE (UK) LIMITED Registered Number 04512732

Notes to the Abbreviated Accounts for the period ended 31 August 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
Turnover represents invoiced value of sales of goods and services to customers, excluding VAT.

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:
All asset classes: 25% reducing balance.

2Tangible fixed assets

	£
Cost
At 1 September 2014	96,339
Additions	2,987
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	99,326
Depreciation
At 1 September 2014	67,809
Charge for the year	7,880
On disposals	-
At 31 August 2015	75,689
Net book values
At 31 August 2015	23,637
At 31 August 2014	28,530

3Transactions with directors

Name of director receiving advance or credit:	Mr C Dark
Description of the transaction:	Director's loan
Balance at 1 September 2014:	£ 42,839
Advances or credits made:	-
Advances or credits repaid:	£ 36,202
Balance at 31 August 2015:	£ 6,637

No interest is charged by the director on this loan to the company.