Seaco Marine Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06487099 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 January 2016

for

SEACO MARINE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

T J Sears

SECRETARY:

Miss D J Sears

REGISTERED OFFICE:

Oxford House

15-17 Mount Ephraim Road

Tunbridge Wells

Kent

TN1 1EN

REGISTERED NUMBER:

06487099 (England and Wales)

ACCOUNTANTS:

Ward Mackenzie Ltd

Oxford House

15-17 Mount Ephraim Road

Tunbridge Wells

Kent

TN1 1EN

FIXED ASSETS

Tangible assets

2

1,250

1,805

CURRENT ASSETS

Debtors

2,156

4,135

Cash at bank

31,945

42,496

34,101

46,631

CREDITORS

Amounts falling due within one year

(34,567

)

(43,002

)

NET CURRENT (LIABILITIES)/ASSETS

(466

)

3,629

TOTAL ASSETS LESS CURRENT
LIABILITIES

784

5,434

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

783

5,433

SHAREHOLDERS' FUNDS

784

5,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 8 August 2016 and were signed by:

T J Sears - Director

1.	ACCOUNTING POLICIES

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date as it is not material.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

8,453

Additions

174

At 31 January 2016

8,627

DEPRECIATION

At 1 February 2015

6,648

Charge for year

729

At 31 January 2016

7,377

NET BOOK VALUE

At 31 January 2016

1,250

At 31 January 2015

1,805

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

1

Ordinary

1

4.	ULTIMATE CONTROLLING PARTY

The controlling party is T J Sears.