Subsea Craft Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08930367 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE PERIOD 10 MARCH 2014 TO 31 AUGUST 2015

FOR

SUBSEA CRAFT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

W A Davis

G Allen

G Weller

Mrs K D Barnard

C Vernon

REGISTERED OFFICE:

10 Beech Court

Wokingham Road

Hurst

Berkshire

RG10 0RQ

REGISTERED NUMBER:

08930367 (England and Wales)

ACCOUNTANTS:

Vernon Associates

10 Beech Court

Wokingham Road

Hurst

Berkshire

RG10 0RQ

CURRENT ASSETS

Stocks

958,424

Debtors

38,382

Cash at bank and in hand

104,758

1,101,564

CREDITORS

Amounts falling due within one year

191,286

NET CURRENT ASSETS

910,278

TOTAL ASSETS LESS CURRENT LIABILITIES

910,278

CREDITORS

Amounts falling due after more than one year

2

750,000

NET ASSETS

160,278

CAPITAL AND RESERVES

Called up share capital

3

55

Share premium

249,965

Profit and loss account

(89,742

)

SHAREHOLDERS' FUNDS

160,278

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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 18 November 2015 and were signed on its behalf by:

G Allen - 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).

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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

2.

CREDITORS

Creditors include the following debts falling due in more than five years:

£

Repayable otherwise than by instalments

750,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

55

Ordinary

£1

55