Marlan Maritime Technologies Ltd - Period Ending 2016-04-30

Registration number: 08492427

Marlan Maritime Technologies Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

CCF Accountancy Ltd
Chartered Certified Accountants
Ground Floor
30 Victoria Avenue
Harrogate
North Yorkshire
HG1 5PR

Marlan Maritime Technologies Ltd
(Registration number: 08492427)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					4,712			884
Current assets
Debtors					145,680			81,026
Cash at bank and in hand					34,840			92,856
					180,520			173,882
Creditors: Amounts falling due within one year					(61,100)			(78,740)
Net current assets					119,420			95,142
Total assets less current liabilities					124,132			96,026
Creditors: Amounts falling due after more than one year					(95,569)			(89,463)
Net assets					28,563			6,563
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					28,463			6,463
Shareholders' funds					28,563			6,563

For the year ending 30 April 2016 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 26 October 2016 and signed on its behalf by:

.........................................
AJP Sinclair
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Marlan Maritime Technologies Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33% Straight line
Fixtures and Fittings	33% Straight line

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Marlan Maritime Technologies Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		1,160			1,160
Additions		4,790			4,790
At 30 April 2016		5,950			5,950
Depreciation
At 1 May 2015		276			276
Charge for the year		962			962
At 30 April 2016		1,238			1,238
Net book value
At 30 April 2016		4,712			4,712
At 30 April 2015		884			884

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary £1 Shares of £1 each		100			100			100			100

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