Marine Supplies (International) Ltd - Abbreviated accounts 16.3

Marine Supplies (International) Ltd - Abbreviated accounts 16.3


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REGISTERED NUMBER: SC406525 (Scotland)















Abbreviated Accounts for the Year Ended 30 September 2016

for

Marine Supplies (International) Ltd

Marine Supplies (International) Ltd (Registered number: SC406525)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Marine Supplies (International) Ltd

Company Information
for the Year Ended 30 September 2016







DIRECTOR: G R Fisher





REGISTERED OFFICE: 43 Earls Park Drive
Bieldside
Aberdeen
AB15 9AH





REGISTERED NUMBER: SC406525 (Scotland)





ACCOUNTANTS: J M Taylor
5 Rubislaw Terrace
ABERDEEN
AB10 1XE

Marine Supplies (International) Ltd (Registered number: SC406525)

Abbreviated Balance Sheet
30 September 2016

30.9.16 30.9.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,632 1,027

CURRENT ASSETS
Debtors 25,313 588
Cash at bank 4,420 2,385
29,733 2,973
CREDITORS
Amounts falling due within one year 33,575 6,687
NET CURRENT LIABILITIES (3,842 ) (3,714 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,210

)

(2,687

)

PROVISIONS FOR LIABILITIES 375 375
NET LIABILITIES (2,585 ) (3,062 )

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account (2,587 ) (3,064 )
SHAREHOLDERS' FUNDS (2,585 ) (3,062 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 30 June 2017 and were signed by:





G R Fisher - Director


Marine Supplies (International) Ltd (Registered number: SC406525)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2016

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.

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 etc - 25% on cost

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 October 2015 3,403
Additions 1,941
At 30 September 2016 5,344
DEPRECIATION
At 1 October 2015 2,376
Charge for year 1,336
At 30 September 2016 3,712
NET BOOK VALUE
At 30 September 2016 1,632
At 30 September 2015 1,027

3. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.9.16 30.9.15
value: £    £   
2 Share capital 1 £1 2 2