Norvell Marine Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC505423 (Scotland)

Abbreviated Unaudited Accounts

for the Period 8 May 2015 to 31 May 2016

for

Norvell Marine Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J W Johnson

REGISTERED OFFICE:

Norvellsta

North Park

Symbister

Whalsay

Shetland

ZE2 9AE

REGISTERED NUMBER:

SC505423 (Scotland)

ACCOUNTANTS:

Bon Accord Accountancy Limited

2 North Ness Business Park

Lerwick

Shetland

ZE1 0LZ

FIXED ASSETS

Tangible assets

2

211

CURRENT ASSETS

Debtors

135

Cash at bank

29,514

29,649

CREDITORS

Amounts falling due within one year

7,419

NET CURRENT ASSETS

22,230

TOTAL ASSETS LESS CURRENT LIABILITIES

22,441

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

22,341

SHAREHOLDERS' FUNDS

22,441

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 20 January 2017 and were signed by:

J W Johnson - 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.

Computer equipment

-

33% 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

Additions

317

At 31 May 2016

317

DEPRECIATION

Charge for period

106

At 31 May 2016

106

NET BOOK VALUE

At 31 May 2016

211

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .