Abbreviated Company Accounts - H.C. SHIPPING & CHARTERING LIMITED

H.C. SHIPPING & CHARTERING LIMITED - Company Information

Registered Number 03443145

H.C. SHIPPING & CHARTERING LIMITED

Abbreviated Accounts

31 December 2015

H.C. SHIPPING & CHARTERING LIMITED Registered Number 03443145

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	200,844	207,087
		200,844	207,087
Current assets
Debtors		2,880	2,910
Cash at bank and in hand		813,415	766,143
		816,295	769,053
Creditors: amounts falling due within one year		(165,845)	(137,672)
Net current assets (liabilities)		650,450	631,381
Total assets less current liabilities		851,294	838,468
Creditors: amounts falling due after more than one year		(2,391)	(2,647)
Total net assets (liabilities)		848,903	835,821
Capital and reserves
Called up share capital		100	100
Profit and loss account		848,803	835,721
Shareholders' funds		848,903	835,821

For the year ending 31 December 2015 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 18 February 2016

And signed on their behalf by:
Mr M T Harrison, Director
Mr M Collins, Director

H.C. SHIPPING & CHARTERING LIMITED Registered Number 03443145

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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 January 2015.

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

Tangible assets depreciation policy
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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 Freehold At valuation
Fixtures, fittings & equipment 20% - 33% on cost

Other accounting policies
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).

2Tangible fixed assets

	£
Cost
At 1 January 2015	311,467
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	311,467
Depreciation
At 1 January 2015	104,380
Charge for the year	6,243
On disposals	-
At 31 December 2015	110,623
Net book values
At 31 December 2015	200,844
At 31 December 2014	207,087