Mariners Farm (Marine) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07065235 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2015

for

Mariners Farm (Marine) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr C J Lyon

Mrs E A Lyon

REGISTERED OFFICE:

Broom House

39/43 London Road

Hadleigh, Benfleet

Essex

SS7 2QL

REGISTERED NUMBER:

07065235 (England and Wales)

ACCOUNTANTS:

Brooms

Brooms Professional Services Limited

Chartered Certified Accountants

Broom House

39/43 London Road

Hadleigh, Benfleet

Essex

SS7 2QL

FIXED ASSETS

Intangible assets

2

79,167

98,167

Tangible assets

3

-

250

79,167

98,417

CURRENT ASSETS

Debtors

29,920

29,165

Cash at bank and in hand

46,682

31,931

76,602

61,096

CREDITORS

Amounts falling due within one year

23,115

21,742

NET CURRENT ASSETS

53,487

39,354

TOTAL ASSETS LESS CURRENT
LIABILITIES

132,654

137,771

CREDITORS

Amounts falling due after more than one
year

138,462

146,262

NET LIABILITIES

(5,808

)

(8,491

)

CAPITAL AND RESERVES

Called up share capital

4

3

Profit and loss account

(5,811

)

(8,494

)

SHAREHOLDERS' FUNDS

(5,808

)

(8,491

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors on 26 August 2016 and were signed on its behalf by:

Mr C J Lyon - Director

Mrs E A Lyon - 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 and services excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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 cost

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

190,000

AMORTISATION

At 1 December 2014

91,833

Amortisation for year

19,000

At 30 November 2015

110,833

NET BOOK VALUE

At 30 November 2015

79,167

At 30 November 2014

98,167

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

12,583

DEPRECIATION

At 1 December 2014

12,333

Charge for year

250

At 30 November 2015

12,583

NET BOOK VALUE

At 30 November 2015

-

At 30 November 2014

250

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

1

A Ordinary

£1

1

B Ordinary

£1

1

C Ordinary

£1

1

3