L Tees Offshore Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07703004 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

L Tees Offshore Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

L Trainer

REGISTERED OFFICE:

44 Baysdale Road

Thornaby

Stockton-on-tees

Cleveland

TS17 9DD

REGISTERED NUMBER:

07703004 (England and Wales)

ACCOUNTANTS:

Wasley Chapman LLP

Chartered Accountants

7 Eggleston Court

Riverside Park

Middlesbrough

TS2 1RU

FIXED ASSETS

Tangible assets

2

291

538

CURRENT ASSETS

Debtors

18,204

4,647

Cash at bank

883

6,287

19,087

10,934

CREDITORS

Amounts falling due within one year

16,191

8,488

NET CURRENT ASSETS

2,896

2,446

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,187

2,984

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

3,186

2,983

SHAREHOLDERS' FUNDS

3,187

2,984

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 5 September 2016 and were signed by:

L Trainer - 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 services, 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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost and 25% on cost

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

1,883

DEPRECIATION

At 1 August 2015

1,345

Charge for year

247

At 31 July 2016

1,592

NET BOOK VALUE

At 31 July 2016

291

At 31 July 2015

538

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

1