Abbreviated Company Accounts - PACIFIC MARITIME LIMITED

PACIFIC MARITIME LIMITED - Company Information

Registered Number 06210327

PACIFIC MARITIME LIMITED

Abbreviated Accounts

31 December 2013

PACIFIC MARITIME LIMITED Registered Number 06210327

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	4,998	5,915
		4,998	5,915
Current assets
Debtors		1,750	610
Cash at bank and in hand		8,744	25,016
		10,494	25,626
Creditors: amounts falling due within one year		(5,039)	(24,796)
Net current assets (liabilities)		5,455	830
Total assets less current liabilities		10,453	6,745
Creditors: amounts falling due after more than one year		(10,000)	(2,000)
Total net assets (liabilities)		453	4,745
Capital and reserves
Called up share capital		100	100
Profit and loss account		353	4,645
Shareholders' funds		453	4,745

For the year ending 31 December 2013 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 10 September 2014

And signed on their behalf by:
A Y Thassim, Director

PACIFIC MARITIME LIMITED Registered Number 06210327

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings 20% Net realisable value
Computer equipments 15% Net Realisable value

2Tangible fixed assets

	£
Cost
At 1 January 2013	16,297
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	16,297
Depreciation
At 1 January 2013	10,382
Charge for the year	917
On disposals	-
At 31 December 2013	11,299
Net book values
At 31 December 2013	4,998
At 31 December 2012	5,915