Seapro Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC339668 (Scotland)

Seapro Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr A R McWhirter

SECRETARY:

Whitelaw Wells

REGISTERED OFFICE:

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

REGISTERED NUMBER:

SC339668 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

EH3 6AT

BANKERS:

The Royal Bank of Scotland

PO Box 4153

Hornchurch

Essex

RM12 4PS

FIXED ASSETS

Tangible assets

2

-

254

CURRENT ASSETS

Debtors

538

265,330

Cash at bank

934

260

1,472

265,590

CREDITORS

Amounts falling due within one year

270,942

270,466

NET CURRENT LIABILITIES

(269,470

)

(4,876

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(269,470

)

(4,622

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(269,570

)

(4,722

)

SHAREHOLDERS' FUNDS

(269,470

)

(4,622

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 19 December 2014 and were signed by:

Mr A R McWhirter - 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 and revenue recognition

Turnover represents sales of technical and management consultancy services, excluding Value

Added Tax.

Revenue is recognised as services are provided.

Tangible fixed assets

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

Plant and machinery

-

33% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

50% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date where transactions or events have occurred at that date that will result in

an obligation to pay more, or a right to pay less or to receive more, tax. Deferred tax assets are

recognised only to the extent that the directors consider that it is more likely than not that there

will be suitable taxable profits from which the future reversal of the underlying timing differences

can be deducted. Deferred tax is measured on an undiscounted basis at the rates that are expected

to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or

substantively enacted at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

12,509

DEPRECIATION

At 1 April 2013

12,255

Charge for year

254

At 31 March 2014

12,509

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

254

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	ULTIMATE PARENT COMPANY

The parent company and ultimate controlling party is Rowanhill Limited, a company registered in

Scotland, company number SC380076.

5.	GOING CONCERN

The financial statements have been prepared on the going concern principle which assumes that

the company will continue to trade for the foreseeable future. In order to do so the company will

require the continued support of its director and creditors. The director will continue to support the

company and is confident of the continued support of the creditors.