DUBOIS_NAVAL_ARCHITECTS_L - Accounts

DUBOIS NAVAL ARCHITECTS LIMITED - Company Information

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Company Registration No. 01674001 (England and Wales)

DUBOIS NAVAL ARCHITECTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

DUBOIS NAVAL ARCHITECTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DUBOIS NAVAL ARCHITECTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

81,286

105,012

Current assets

Stocks

44,225

222,500

Debtors

172,258

834,462

Cash at bank and in hand

25,329

48,119

241,812

1,105,081

Creditors: amounts falling due within one year

(621,402)

(857,795)

Net current liabilities/(assets)

(379,590)

247,286

Total assets less current liabilities

(298,304)

352,298

Provisions for liabilities

(2,769)

(301,073)

349,529

Capital and reserves

Called up share capital

124

Other reserves

Profit and loss account

(301,273)

349,329

Shareholders' funds

(301,073)

349,529

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 2 June 2016

Mrs H A Dubois

Director

Company Registration No. 01674001

DUBOIS NAVAL ARCHITECTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

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

Land and buildings Leasehold

10% on Cost

Plant and machinery

25% on the reducing balance

Computer equipment

25% on the reducing balance

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 January 2015

434,919

Additions

3,369

At 31 December 2015

438,288

Depreciation

At 1 January 2015

329,907

Charge for the year

27,095

At 31 December 2015

357,002

Net book value

At 31 December 2015

81,286

At 31 December 2014

105,012

DUBOIS NAVAL ARCHITECTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

124 Ordinary A of £1 each

124

Ultimate parent company

The ultimate parent company is Dubois Design Limited, a company registered in England and Wales.

Dubois Design Limited has taken advantage under Section 399 of the Companies Act 2006 not to prepare group accounts.