Euro Marine Surveys Limited - Period Ending 2014-03-31

Registration number: 02355998

Euro Marine Surveys Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Euro Marine Surveys Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Euro Marine Surveys Limited
(Registration number: 02355998)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £						2013 £
Fixed assets
Tangible fixed assets		2						4,778						4,557
Current assets
Debtors					15,097						21,461
Creditors: Amounts falling due within one year					(16,489)						(25,918)
Net current liabilities								(1,392)						(4,457)
Net assets								3,386						100
Capital and reserves
Called up share capital		3			100						100
Profit and loss account					3,286						-
Shareholders' funds								3,386						100

For the year ending 31 March 2014 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 16 December 2014

.........................................
Mr PC Johnson
Director

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

Euro Marine Surveys Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... 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 April 2008).

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
Plant & machinery	25% reducing balance basis
Fixtures & fittings	25% reducing balance basis
Computer equipment	25% reducing balance basis

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		25,786			25,786
Additions		3,181			3,181
Disposals		(18,247)			(18,247)
At 31 March 2014		10,720			10,720
Depreciation
At 1 April 2013		21,229			21,229
Charge for the year		1,594			1,594
Eliminated on disposals		(16,881)			(16,881)
At 31 March 2014		5,942			5,942
Net book value
At 31 March 2014		4,778			4,778
At 31 March 2013		4,557			4,557

Page 2

Euro Marine Surveys Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £0.25 each		100			25			100			25
Ordinary A shares of £0.25 each		300			75			300			75
		400			100			400			100

Page 3