Abbreviated Company Accounts - MAGNUS MARINE LIMITED

MAGNUS MARINE LIMITED - Company Information

04614496 MAGNUS MARINE LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 04614496 2015-01-01 2015-12-31 04614496 2015-12-31 04614496 2014-12-31 04614496 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 04614496 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 04614496

MAGNUS MARINE LIMITED

Abbreviated Accounts

31 December 2015

MAGNUS MARINE LIMITED Registered Number 04614496

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	18,659	19,007
		18,659	19,007
Current assets
Stocks		284,758	184,283
Debtors		497,663	317,771
Cash at bank and in hand		380,904	264,654
		1,163,325	766,708
Creditors: amounts falling due within one year		(330,419)	(197,584)
Net current assets (liabilities)		832,906	569,124
Total assets less current liabilities		851,565	588,131
Total net assets (liabilities)		851,565	588,131
Capital and reserves
Called up share capital	3	10,000	10,000
Profit and loss account		841,565	578,131
Shareholders' funds		851,565	588,131

For the year ending 31 December 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 9 May 2016

And signed on their behalf by:
M J Scales, Director

MAGNUS MARINE LIMITED Registered Number 04614496

Notes to the Abbreviated Accounts for the period ended 31 December 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 sales plus, in the case of long term contracts,estimates of work done but not invoiced

Tangible assets depreciation policy
4 years straight line

2Tangible fixed assets

	£
Cost
At 1 January 2015	69,870
Additions	9,081
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	78,951
Depreciation
At 1 January 2015	50,863
Charge for the year	9,429
On disposals	-
At 31 December 2015	60,292
Net book values
At 31 December 2015	18,659
At 31 December 2014	19,007

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

	2015 £	2014 £
10,000 Ordinary shares of £1 each	10,000	10,000