Marine Systems (UK) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02835243 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31 AUGUST 2016

FOR

MARINE SYSTEMS (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr B J Black (Deceased)

Mr C D Gale

Mrs P Gale

Mrs M Black

SECRETARY:

Mr C D Gale

REGISTERED OFFICE:

18 Heron Close

Sawbridgeworth

Hertfordshire

CM21 0BB

REGISTERED NUMBER:

02835243 (England and Wales)

ACCOUNTANTS:

Connor Warin Limited

Trinity House

Sewardstone Road

Waltham Abbey

Essex

EN9 1PH

FIXED ASSETS

Tangible assets

2

205

307

CURRENT ASSETS

Debtors

90

5,386

Cash at bank and in hand

26,611

21,160

26,701

26,546

CREDITORS

Amounts falling due within one year

12,293

12,148

NET CURRENT ASSETS

14,408

14,398

TOTAL ASSETS LESS CURRENT LIABILITIES

14,613

14,705

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

13,613

13,705

SHAREHOLDERS' FUNDS

14,613

14,705

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 25 February 2017 and were signed on its behalf by:

Mr C D Gale - 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 goods, 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.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

4,233

DEPRECIATION

At 1 September 2015

3,926

Charge for year

102

At 31 August 2016

4,028

NET BOOK VALUE

At 31 August 2016

205

At 31 August 2015

307

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

£

1,000

Ordinary

£1

1,000

1,000