Abbreviated Company Accounts - HCH MARINE LIMITED

Abbreviated Company Accounts - HCH MARINE LIMITED


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
£
500Ordinary shares of £1 each 500 500