Five Star Marine Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07533096 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

FIVE STAR MARINE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTOR:

Mr D A Luetchford

REGISTERED OFFICE:

Unit 4b Ocean Quay Marina

Belvedere Road

Southampton

Hampshire

SO14 5QY

REGISTERED NUMBER:

07533096 (England and Wales)

ACCOUNTANTS:

Wallis White & Co

Accountants and Tax Consultants

Cedar Court

5 College Street

Petersfield

Hampshire

GU31 4AE

FIXED ASSETS

Intangible assets

2

1,400

1,600

Tangible assets

3

7,982

8,940

9,382

10,540

CURRENT ASSETS

Debtors

1,475

-

Cash at bank

2,548

4,600

4,023

4,600

CREDITORS

Amounts falling due within one year

11,735

13,252

NET CURRENT LIABILITIES

(7,712

)

(8,652

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,670

1,888

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

1,570

1,788

SHAREHOLDERS' FUNDS

1,670

1,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 14 November 2014 and were signed by:

Mr D A Luetchford - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Boats and equipment

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

and 28 February 2014

2,000

AMORTISATION

At 1 March 2013

400

Amortisation for year

200

At 28 February 2014

600

NET BOOK VALUE

At 28 February 2014

1,400

At 28 February 2013

1,600

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

12,212

Additions

450

At 28 February 2014

12,662

DEPRECIATION

At 1 March 2013

3,272

Charge for year

1,408

At 28 February 2014

4,680

NET BOOK VALUE

At 28 February 2014

7,982

At 28 February 2013

8,940

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

£

100

Ordinary

1

100

100