Abbreviated Company Accounts - MARINE LEARNING ALLIANCE LTD

09188277 MARINE LEARNING ALLIANCE LTD 2016-09-30 false 2015-10-01 2016-09-30 true 09188277 2015-10-01 2016-09-30 09188277 2016-09-30 09188277 2015-09-30 09188277 uk-gaap-cd-bus:Director1 2015-10-01 2016-09-30 09188277 uk-gaap-cd-bus:Director2 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP shares

Registered Number 09188277

MARINE LEARNING ALLIANCE LTD

Abbreviated Accounts

30 September 2016

MARINE LEARNING ALLIANCE LTD Registered Number 09188277

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	385,082	286,707
Tangible assets	3	11,584	21,994
Investments	4	-	-
		396,666	308,701
Current assets
Stocks		-	-
Debtors	5	6,276	18,441
Investments		-	-
Cash at bank and in hand		37,761	70,329
		44,037	88,770
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year	6	(441,789)	(184,215)
Net current assets (liabilities)		(397,752)	(95,445)
Total assets less current liabilities		(1,086)	213,256
Creditors: amounts falling due after more than one year	6	(489,578)	(277,386)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		(490,664)	(64,130)
Capital and reserves
Called up share capital	7	200,000	200,000
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		(690,664)	(264,130)
Shareholders' funds		(490,664)	(64,130)

For the year ending 30 September 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 4 July 2017

And signed on their behalf by:
R S Clench, Director
RHC Thain, Director

MARINE LEARNING ALLIANCE LTD Registered Number 09188277

Notes to the Abbreviated Accounts for the period ended 30 September 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
Income is treated as earned according to the type of income:
Income from the sale of distance e-learning modules is accrued using the stage of completion method.
Income from residential courses held is accounted for once the relevant course has been completed
Income from one-off consultancy projects or tuition over a period of time is recognised over the life of the project based on the stage of completion.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life of 3 years.

Intangible assets amortisation policy
Intangible assets once capitalised are amortised over a period of 7 years

Valuation information and policy
An impairment review of all intangible assets has been conducted in accordance with FRS 102.
The value of acquired intangible assets has not been split into its constituent parts as proposed by FRED67

Other accounting policies
Staff and other direct costs associated with the development of further educational modules are capitalised as development costs where:
modules have a estimated life of more than one year
there is reasonable expectation that revenue be generated over the useful life of the product will exceed the expected total development costs and those costs are separately identifiable and quantifiable.

2Intangible fixed assets

	£
Cost
At 1 October 2015	315,360
Additions	147,837
Disposals	0
Revaluations	(5,719)
Transfers	0
At 30 September 2016	457,478
Amortisation
At 1 October 2015	28,653
Charge for the year	43,743
On disposals	-
At 30 September 2016	72,396
Net book values
At 30 September 2016	385,082
At 30 September 2015	286,707

3Tangible fixed assets

	£
Cost
At 1 October 2015	32,406
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 30 September 2016	32,406
Depreciation
At 1 October 2015	10,412
Charge for the year	10,410
On disposals	0
At 30 September 2016	20,822
Net book values
At 30 September 2016	11,584
At 30 September 2015	21,994

4Fixed assets Investments
The company has not made any investments outside of the company.

5Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	4,676	17,115

6Creditors

	2016 £	2015 £
Instalment debts due after 5 years	489,578	277,386

7Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
10,000 Ordinary shares of £20 each	200,000	200,000