Auto Marine Technics Limited - Limited company - abbreviated - 11.6

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

AUTO MARINE TECHNICS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Newson

A P L Cook

REGISTERED OFFICE:

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

REGISTERED NUMBER:

05769196 (England and Wales)

FIXED ASSETS

Tangible assets

2

9,722

10,528

CURRENT ASSETS

Stocks

3,500

3,500

Debtors

13,688

17,822

Cash at bank

22,423

27,819

39,611

49,141

CREDITORS

Amounts falling due within one year

(43,847

)

(41,757

)

NET CURRENT (LIABILITIES)/ASSETS

(4,236

)

7,384

TOTAL ASSETS LESS CURRENT LIABILITIES

5,486

17,912

PROVISIONS FOR LIABILITIES

(1,567

)

(1,584

)

NET ASSETS

3,919

16,328

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

3,917

16,326

SHAREHOLDERS' FUNDS

3,919

16,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 21 July 2015 and were signed on its behalf by:

A P L Cook - Director

P Newson - 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 and services, excluding value added tax.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

33,142

Additions

2,031

At 31 March 2015

35,173

DEPRECIATION

At 1 April 2014

22,614

Charge for year

2,837

At 31 March 2015

25,451

NET BOOK VALUE

At 31 March 2015

9,722

At 31 March 2014

10,528

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES