Abbreviated Company Accounts - TIDES MARINE INTERNATIONAL LIMITED

TIDES MARINE INTERNATIONAL LIMITED - Company Information

04445603 TIDES MARINE INTERNATIONAL LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 04445603 2015-01-01 2015-12-31 04445603 2015-12-31 04445603 2014-12-31 04445603 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 04445603 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 04445603

TIDES MARINE INTERNATIONAL LIMITED

Abbreviated Accounts

31 December 2015

TIDES MARINE INTERNATIONAL LIMITED Registered Number 04445603

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	17,712	26,625
Investments	3	14,721	-
		32,433	26,625
Current assets
Stocks		63,407	60,513
Debtors		291,341	399,189
Cash at bank and in hand		411,290	167,895
		766,038	627,597
Creditors: amounts falling due within one year		(347,403)	(204,133)
Net current assets (liabilities)		418,635	423,464
Total assets less current liabilities		451,068	450,089
Provisions for liabilities		(5,595)	(5,595)
Total net assets (liabilities)		445,473	444,494
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		445,373	444,394
Shareholders' funds		445,473	444,494

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 3 June 2016

And signed on their behalf by:
I Nuttall, Director

TIDES MARINE INTERNATIONAL LIMITED Registered Number 04445603

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 the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 15% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 3 years straight line

Other accounting policies
Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

Stock

Stock is valued at the lower of cost and net realisable value.

Pensions

The pension costs charged in the financial statements represent the contribution payable by the
company during the year.
The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

Group accounts

The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the
obligation to prepare group accounts.

2Tangible fixed assets

	£
Cost
At 1 January 2015	63,533
Additions	5,446
Disposals	(11,099)
Revaluations	-
Transfers	-
At 31 December 2015	57,880
Depreciation
At 1 January 2015	36,908
Charge for the year	5,618
On disposals	(2,358)
At 31 December 2015	40,168
Net book values
At 31 December 2015	17,712
At 31 December 2014	26,625

3Fixed assets Investments
Additions £14,721

Holdings of 20% or more

The company holds 20% or more of the share capital of the following companies:

Company name - Country of registration - Nature of business - shares held class & %

TMI Lighting Ltd - UK - Industrial lighting - Ordinary 100%
Tidesmarine Italia SRL - Italy - Marine parts - Ordinary 100%
Tidesmarine Polska - Poland - Marine parts - Ordinary 90%

4Called Up Share Capital
Allotted, called up and fully paid:

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