Abbreviated Company Accounts - MOBILE MARINE ENGINEERS LIMITED

Abbreviated Company Accounts - MOBILE MARINE ENGINEERS LIMITED

MOBILE MARINE ENGINEERS LIMITED - Company Information

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Registered Number 04503574

MOBILE MARINE ENGINEERS LIMITED

Abbreviated Accounts

30 September 2015

MOBILE MARINE ENGINEERS LIMITED Registered Number 04503574

Abbreviated Balance Sheet as at 30 September 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 24,626 13,639
24,626 13,639
Current assets
Stocks 44,042 67,720
Debtors 69,886 58,309
Cash at bank and in hand 11,909 26,023
125,837 152,052
Creditors: amounts falling due within one year (43,026) (59,256)
Net current assets (liabilities) 82,811 92,796
Total assets less current liabilities 107,437 106,435
Provisions for liabilities (4,754) (2,178)
Total net assets (liabilities) 102,683 104,257
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 102,583 104,157
Shareholders' funds 102,683 104,257
  • For the year ending 30 September 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 21 June 2016

And signed on their behalf by:
G Stephens, Director

MOBILE MARINE ENGINEERS LIMITED Registered Number 04503574

Notes to the Abbreviated Accounts for the period ended 30 September 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 value of goods, excluding value added tax, provided to customers during the year, plus the total value of work, excluding value added tax, performed during the year with respect to services.

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:
Plant and machinery - 15% reducing balance
Fixtures, fittings and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33.33% on cost

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

Other accounting policies
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

2Tangible fixed assets
£
Cost
At 1 October 2014 48,979
Additions 20,882
Disposals (12,000)
Revaluations -
Transfers -
At 30 September 2015 57,861
Depreciation
At 1 October 2014 35,340
Charge for the year 7,197
On disposals (9,302)
At 30 September 2015 33,235
Net book values
At 30 September 2015 24,626
At 30 September 2014 13,639
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
100 Ordinary shares of £1 each 100 100

4Transactions with directors

Name of director receiving advance or credit: Mr G Stephens
Description of the transaction: Advances
Balance at 1 October 2014: £ 12,674
Advances or credits made: £ 34,140
Advances or credits repaid: £ 21,010
Balance at 30 September 2015: £ 25,804

Maximum outstanding during the year - £25,804.

Interest of £593 was charged during the year at the official rate. The loan was repaid within 9
months of the year end.