A.C Marine Services Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06210725 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

A.C MARINE SERVICES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G Mellor

SECRETARY:

G Mellor

REGISTERED OFFICE:

3 Below Church

Frogs Alley

Shotley

Suffolk

IP9 1EP

REGISTERED NUMBER:

06210725 (England and Wales)

ACCOUNTANTS:

H.G.Field & Co.

Accountants and Financial Advisors

Ludwell House

2 Guildford Street

Chertsey

Surrey

KT16 9BQ

CURRENT ASSETS

Cash at bank

2,830

9,599

CREDITORS

Amounts falling due within one year

37,615

45,249

NET CURRENT LIABILITIES

(34,785

)

(35,650

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(34,785

)

(35,650

)

PROVISIONS FOR LIABILITIES

-

5,000

NET LIABILITIES

(34,785

)

(40,650

)

CAPITAL AND RESERVES

Called up share capital

2

2

2

Profit and loss account

(34,787

)

(40,652

)

SHAREHOLDERS' FUNDS

(34,785

)

(40,650

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 22 December 2016 and were signed by:

G Mellor - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the balance sheet date the company had net liabilities It is continuing to meet its day to day working capital

requirements through short term funding provided by the director and on this basis he considers that it is

appropriate to prepare the financial statements on the going concern basis.

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 the net value of services provided, excluding value added tax.

Warranty costs

The company carries out a proportion of its work under a form of warranty under which it agrees to undertake,

free of charge, certain remedial works that are required to be carried out within a prescribed period of time.

Provision is made for the estimated cost of such work that had accrued at the balance sheet date, based on an

ongoing review of the portfolio of project work undertaken to that date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

2

Ordinary shares

£1

2

2