Tony Hole Marine Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04714980 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

TONY HOLE MARINE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Mallett

D J Mallett

SECRETARY:

D Mallett

REGISTERED OFFICE:

Plym House

3 Longbridge Road

Marsh Mills

Plymouth

Devon

PL6 8LT

REGISTERED NUMBER:

04714980 (England and Wales)

ACCOUNTANTS:

Parkhurst Hill

Plym House

3 Longbridge Road

Marsh Mills

Plymouth

Devon

PL6 8LT

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

8,209

7,241

8,209

7,241

CURRENT ASSETS

Stocks

-

379,943

Debtors

407,714

109,345

Cash at bank and in hand

1,233

17,674

408,947

506,962

CREDITORS

Amounts falling due within one year

4

390,736

489,304

NET CURRENT ASSETS

18,211

17,658

TOTAL ASSETS LESS CURRENT LIABILITIES

26,420

24,899

CREDITORS

Amounts falling due after more than one year

4

(17,712

)

(27,961

)

PROVISIONS FOR LIABILITIES

(1,300

)

(1,031

)

NET ASSETS/(LIABILITIES)

7,408

(4,093

)

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Profit and loss account

6,408

(5,093

)

SHAREHOLDERS' FUNDS

7,408

(4,093

)

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 4 August 2015 and were signed on its behalf by:

D Mallett - 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 and trade discounts. Turnover is

recognised when the goods are physically delivered to the customer

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Stock is valued on a first in first out basis and work in progress is valued on the materials purchased and

subcontractors relating to the contract plus an appropriate rate for labour.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

30,000

Disposals

(30,000

)

At 31 March 2015

-

AMORTISATION

At 1 April 2014

30,000

Eliminated on disposal

(30,000

)

At 31 March 2015

-

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

33,639

Additions

2,446

At 31 March 2015

36,085

DEPRECIATION

At 1 April 2014

26,398

Charge for year

1,478

At 31 March 2015

27,876

NET BOOK VALUE

At 31 March 2015

8,209

At 31 March 2014

7,241

4.

CREDITORS

Creditors include an amount of £ 75,354 (2014 - £ 80,925 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,000

Ordinary

£1

1,000

1,000

6.	ULTIMATE CONTROLLING PARTY