DEAM Offshore Construction Srv Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 09062875 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

DEAM Offshore Construction Services

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr D E A Matthews

SECRETARY:

Mr J L Matthews

REGISTERED OFFICE:

Foxhole Cottage

Dunsford

Exeter

Devon

EX6 7AA

REGISTERED NUMBER:

09062875 (England and Wales)

ACCOUNTANTS:

SPi Accountancy LLP

Unit Ten Tiger Court

Kings Business Park

Knowsley

Liverpool

Merseyside

L34 1BH

FIXED ASSETS

Tangible assets

2

8,719

11,625

CURRENT ASSETS

Debtors

100

Cash at bank

13,974

4,349

14,074

4,449

CREDITORS

Amounts falling due within one year

16,659

10,118

NET CURRENT LIABILITIES

(2,585

)

(5,669

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,134

5,956

PROVISIONS FOR LIABILITIES

1,745

2,325

NET ASSETS

4,389

3,631

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

4,289

3,531

SHAREHOLDERS' FUNDS

4,389

3,631

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 17 November 2016 and were signed by:

Mr D E A Matthews - 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 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

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 June 2015

and 31 May 2016

15,500

DEPRECIATION

At 1 June 2015

3,875

Charge for year

2,906

At 31 May 2016

6,781

NET BOOK VALUE

At 31 May 2016

8,719

At 31 May 2015

11,625

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

100

Ordinary

£1.00

100