Triskel Marine Limited - Period Ending 2016-09-30

 
 
 
 
 
 
 
  Triskel Marine Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 30 September 2016
 
  Company Registration Number: 04972465

Triskel Marine Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Triskel Marine Limited
Abbreviated Balance Sheet
30 September 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			3,877			4,847
Current assets
Debtors					55,306			62,326
Cash at bank and in hand					98,397			62,497
					153,703			124,823
Creditors: Amounts falling due within one year					(49,271)			(38,080)
Net current assets					104,432			86,743
Net assets					108,309			91,590
Capital and reserves
Called up share capital		3			125			125
Share premium account					24,975			24,975
Profit and loss account					83,209			66,490
Shareholders' funds					108,309			91,590

For the year ending 30 September 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 10 April 2017 and signed on its behalf by:

Mr K J Wittamore
Director

Company Registration Number: 04972465

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Triskel Marine Limited
Notes to the Abbreviated Accounts
Year Ended 30 September 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
Equipment	20% reducing balance

Research and development

Research and development expenditure is written off as incurred.

Foreign currency

Transactions in foreign currencies are translated to the Company's functional currencies at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilites denominated in foreign currencies at the balance sheet date are retranslated to the functional currency at the foreign exchange rate ruling at that date. Foreign exchange differences arsing on translation are recognised 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.

Page 2

Triskel Marine Limited
Notes to the Abbreviated Accounts
Year Ended 30 September 2016 ......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2015		11,820			11,820
At 30 September 2016		11,820			11,820
Depreciation
At 1 October 2015		6,973			6,973
Charge for the year		970			970
At 30 September 2016		7,943			7,943
Net book value
At 30 September 2016		3,877			3,877
At 30 September 2015		4,847			4,847

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary A of £1 each		31			31			31			31
Ordinary B of £1 each		30			30			30			30
Ordinary C of £1 each		10			10			10			10
Ordinary D of £1 each		10			10			10			10
Ordinary E, F and G of £1 each		44			44			44			44
		125			125			125			125

Page 3