Abbreviated Company Accounts - PROMARINE (UK) LIMITED

Abbreviated Company Accounts - PROMARINE (UK) LIMITED

PROMARINE (UK) LIMITED - Company Information

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Registered Number 04512732

PROMARINE (UK) LIMITED

Abbreviated Accounts

31 August 2016

PROMARINE (UK) LIMITED Registered Number 04512732

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 - -
Tangible assets 3 23,917 23,637
23,917 23,637
Current assets
Stocks 94,571 69,462
Debtors 117,097 115,857
Cash at bank and in hand 23,405 2,516
235,073 187,835
Creditors: amounts falling due within one year (99,849) (89,228)
Net current assets (liabilities) 135,224 98,607
Total assets less current liabilities 159,141 122,244
Total net assets (liabilities) 159,141 122,244
Capital and reserves
Called up share capital 100 1
Profit and loss account 159,041 122,243
Shareholders' funds 159,141 122,244
  • For the year ending 31 August 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 5 May 2017

And signed on their behalf by:
Mr C Dark, Director

PROMARINE (UK) LIMITED Registered Number 04512732

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents invoiced value of sales of goods and services to customers, excluding VAT.

Tangible assets depreciation policy
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:
All asset classes: 25% reducing balance

2Intangible fixed assets
£
Cost
At 1 September 2015 30,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2016 30,000
Amortisation
At 1 September 2015 30,000
Charge for the year -
On disposals -
At 31 August 2016 30,000
Net book values
At 31 August 2016 0
At 31 August 2015 0
3Tangible fixed assets
£
Cost
At 1 September 2015 99,326
Additions 7,370
Disposals -
Revaluations -
Transfers -
At 31 August 2016 106,696
Depreciation
At 1 September 2015 75,689
Charge for the year 7,090
On disposals -
At 31 August 2016 82,779
Net book values
At 31 August 2016 23,917
At 31 August 2015 23,637