Marityne Marine Projects Limited - Abbreviated accounts 16.1
Marityne Marine Projects Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 September 2015 |
| for |
| Marityne Marine Projects Limited |
| Marityne Marine Projects Limited (Registered number: 05568482) |
| Contents of the Abbreviated Accounts |
| for the year ended 30 September 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Marityne Marine Projects Limited |
| Company Information |
| for the year ended 30 September 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Marityne Marine Projects Limited (Registered number: 05568482) |
| Abbreviated Balance Sheet |
| 30 September 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Investments |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors on |
| Marityne Marine Projects Limited (Registered number: 05568482) |
| Notes to the Abbreviated Accounts |
| for the year ended 30 September 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the going concern basis, which assumes that the company will continue in |
| operational existence for the foreseeable future, which the directors consider to be appropriate. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
| Reporting Standard for Smaller Entities (effective January 2015). |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small |
| company. |
| Turnover |
| Turnover represents sales of goods & services, excluding value added tax, except in respect of service contracts where |
| turnover is recognised when the company obtains the right to consideration. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it |
| can be regarded as more likely than not there will be suitable taxable profits from which the future reversal of the underlying |
| timing differences can be deducted. |
| Deferred tax is measured on a non-discounted basis at the average tax rates that are expected to apply in the periods in which |
| the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by |
| the balance sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. |
| Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. |
| Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the |
| lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are |
| charged to the profit and loss account in the period to which they relate. |
| Amounts recoverable on contracts |
| Amounts recoverable on contracts are valued using a percentage of completion method by reference to amounts applied for |
| on specific contracts. Consideration is then made for any losses/bad debt risk which may be suffered, on a contract by |
| contract basis. |
| Listed investments |
| Listed investments are included within current assets at the lower of cost or net realisable value. |
| Marityne Marine Projects Limited (Registered number: 05568482) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 30 September 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2014 |
| Additions |
| At 30 September 2015 |
| DEPRECIATION |
| At 1 October 2014 |
| Charge for year |
| At 30 September 2015 |
| NET BOOK VALUE |
| At 30 September 2015 |
| At 30 September 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| NIL | Ordinary | £1 |
| A Ordinary Shares | £1 |
| B Ordinary Shares | £1 |
| C Ordinary Shares | £1 |
| D Ordinary Shares | £1 |
| 300 | 300 |
| On 25th September 2015, the Ordinary £1 shares were re-classified into A Ordinary, B Ordinary, C Ordinary and D |
| Ordinary £1 shares. |
| 4. | FORWARD CONTRACTS |
| During the year the company purchased some euro currency forward contracts. The transactions have been recorded at the |
| agreed rate in the contracts and the balance remaining regarding deposits is included as an asset under cash and bank. |