Highwater Marine Ltd - Abbreviated accounts

Registered number

05376230

Highwater Marine Ltd

Abbreviated Accounts

31 March 2016

Highwater Marine Ltd
Registered number:		05376230
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		1,629			210

Current assets
Debtors		625			641
Cash at bank and in hand		111			82
		736			723

Creditors: amounts falling due within one year		(11,889)			(10,710)

Net current liabilities			(11,153)			(9,987)

Net liabilities			(9,524)			(9,777)

Capital and reserves
Called up share capital	3		2			2
Profit and loss account			(9,526)			(9,779)

Shareholder's funds			(9,524)			(9,777)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr M Bray
Director
Approved by the board on 4 July 2016

Highwater Marine Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Going Concern
	The financial statements have been prepared on the going concern basis. This is on the understanding that any losses will be borne by the company's shareholder.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					1,000
	Additions					1,826
	At 31 March 2016					2,826

	Depreciation
	At 1 April 2015					790
	Charge for the year					407
	At 31 March 2016					1,197

	Net book value
	At 31 March 2016					1,629
	At 31 March 2015					210


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2