Abbreviated Company Accounts - HCH MARINE LIMITED

HCH MARINE LIMITED - Company Information

03326791 HCH MARINE LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 03326791 2015-04-01 2016-03-31 03326791 2016-03-31 03326791 2015-03-31 03326791 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 03326791 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 03326791

HCH MARINE LIMITED

Abbreviated Accounts

31 March 2016

HCH MARINE LIMITED Registered Number 03326791

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	238,381	201,156
		238,381	201,156
Current assets
Stocks		800	1,750
Debtors		91,484	52,473
Cash at bank and in hand		706,028	720,904
		798,312	775,127
Creditors: amounts falling due within one year		(70,600)	(93,666)
Net current assets (liabilities)		727,712	681,461
Total assets less current liabilities		966,093	882,617
Total net assets (liabilities)		966,093	882,617
Capital and reserves
Called up share capital	3	500	500
Revaluation reserve		49,320	0
Profit and loss account		916,273	882,117
Shareholders' funds		966,093	882,617

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 September 2016

And signed on their behalf by:
D Howard, Director

HCH MARINE LIMITED Registered Number 03326791

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value of lighterage and mooring services, net of value added tax.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write-off the cost of each asset over its expected useful life. The reducing-balance method was used, at the following annual rate, for this year and last:

Tugs, barges, and other vessels 20%

No depreciation has been charged on the freehold property as no diminution is expected in the value of that asset.

2Tangible fixed assets

	£
Cost
At 1 April 2015	935,291
Additions	-
Disposals	-
Revaluations	49,320
Transfers	-
At 31 March 2016	984,611
Depreciation
At 1 April 2015	734,135
Charge for the year	12,095
On disposals	-
At 31 March 2016	746,230
Net book values
At 31 March 2016	238,381
At 31 March 2015	201,156

Revaluation refers to the freehold property owned by the company.
This was valued by the director as at 31 March 2016.

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
500 Ordinary shares of £1 each	500	500