Tony Hole Marine Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04714980 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

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 and Thomas Westcott

Plym House

3 Longbridge Road

Marsh Mills

Plymouth

Devon

PL6 8LT

FIXED ASSETS

Tangible assets

2

8,509

8,209

CURRENT ASSETS

Stocks

67,500

-

Debtors

243,113

407,714

Cash at bank

82,232

1,233

392,845

408,947

CREDITORS

Amounts falling due within one year

3

255,468

390,736

NET CURRENT ASSETS

137,377

18,211

TOTAL ASSETS LESS CURRENT LIABILITIES

145,886

26,420

CREDITORS

Amounts falling due after more than one year

3

(6,746

)

(17,712

)

PROVISIONS FOR LIABILITIES

(1,221

)

(1,300

)

NET ASSETS

137,919

7,408

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

136,919

6,408

SHAREHOLDERS' FUNDS

137,919

7,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 14 June 2016 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 January 2015).

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

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

36,085

Additions

2,000

At 31 March 2016

38,085

DEPRECIATION

At 1 April 2015

27,876

Charge for year

1,700

At 31 March 2016

29,576

NET BOOK VALUE

At 31 March 2016

8,509

At 31 March 2015

8,209

3.

CREDITORS

Creditors include an amount of £ 17,712 (2015 - £ 75,354 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	ULTIMATE CONTROLLING PARTY