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REGISTERED NUMBER: 04544308 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

AQUALINE MARINE LIMITED

AQUALINE MARINE LIMITED (REGISTERED NUMBER: 04544308)






Contents of the Abbreviated Accounts
for the year ended 31 December 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

AQUALINE MARINE LIMITED

Company Information
for the year ended 31 December 2013







DIRECTOR: J Corker





REGISTERED OFFICE: Hanbury Wharf
Hanbury Road
Droitwich
Worcestershire
WR9 7DU





REGISTERED NUMBER: 04544308 (England and Wales)





ACCOUNTANTS: Neuhoff & Co
Chartered Accountants
Claydons Barns
11 Towcester Road
Whittlebury
Northamptonshire
NN12 8XU

AQUALINE MARINE LIMITED (REGISTERED NUMBER: 04544308)

Abbreviated Balance Sheet
31 December 2013

2013 2012
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 408 1,911
Investments 3 10,000 10,000
10,408 11,911

CURRENT ASSETS
Stocks 90,436 205,989
Debtors 451,389 475,883
Cash at bank 26,325 69,925
568,150 751,797
CREDITORS
Amounts falling due within one year 274,289 358,973
NET CURRENT ASSETS 293,861 392,824
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,269

404,735

PROVISIONS FOR LIABILITIES - 253
NET ASSETS 304,269 404,482

CAPITAL AND RESERVES
Called up share capital 4 64,326 64,326
Capital redemption reserve 46,785 46,785
Profit and loss account 193,158 293,371
SHAREHOLDERS' FUNDS 304,269 404,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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.

AQUALINE MARINE LIMITED (REGISTERED NUMBER: 04544308)

Abbreviated Balance Sheet - continued
31 December 2013


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 26 September 2014 and were signed by:





J Corker - Director


AQUALINE MARINE LIMITED (REGISTERED NUMBER: 04544308)

Notes to the Abbreviated Accounts
for the year ended 31 December 2013

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 April 2008).

Preparation of consolidated financial statements
The financial statements contain information about Aqualine Marine Limited as an individual company and do
not contain consolidated financial information as the parent of a group. The company has taken the option under
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013 11,273
Disposals (129 )
At 31 December 2013 11,144
DEPRECIATION
At 1 January 2013 9,362
Charge for year 1,503
Eliminated on disposal (129 )
At 31 December 2013 10,736
NET BOOK VALUE
At 31 December 2013 408
At 31 December 2012 1,911

AQUALINE MARINE LIMITED (REGISTERED NUMBER: 04544308)

Notes to the Abbreviated Accounts - continued
for the year ended 31 December 2013

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 January 2013
and 31 December 2013 10,000
NET BOOK VALUE
At 31 December 2013 10,000
At 31 December 2012 10,000

The company's investments at the balance sheet date in the share capital of companies include the following:

Aqualine Marine Sp.z o.o.
Country of incorporation: Poland
Nature of business: Boat builders
%
Class of shares: holding
Ordinary 100.00
2013 2012
£    £   
Aggregate capital and reserves (241,325 ) (102,420 )
Loss for the year (100,985 ) (4,000 )

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2013 2012
value: £    £   
64,326 Ordinary shares £1 64,326 64,326

5. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 were paid to the directors .

During the year the company acquired goods totalling £699,213 (2012 - £607,948) from Aqualine Marine Sp.z
o.o , its wholly owned Polish subsidiary. As at 31 December 2013 the amount due from the company to Aqualine
Marine Sp.z o.o was £Nil (2012- £Nil). The company did not make any sales of goods or services to Aqualine
Marine Sp z o.o. in the year. As at 31 December 2013 the company was owed the total sum of £273,047 (2012 -
£314,400) by its subsidiary.