REGISTERED NUMBER: 04125659 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

A&S Marine Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A G Goldsworthy

Mrs S H Goldsworthy

SECRETARY:

Mrs S H Goldsworthy

REGISTERED OFFICE:

22 Wessex Park

Bancombe Business Estate

Somerton

Somerset

TA11 6SB

REGISTERED NUMBER:

04125659 (England and Wales)

ACCOUNTANTS:

Somerset Accountancy Services Ltd

22 Wessex Park

Bancombe Business Estate

Somerton

Somerset

TA11 6SB

FIXED ASSETS

Tangible assets

2

4,701

6,105

CURRENT ASSETS

Stocks

2,350

2,350

Debtors

1,736

1,615

Investments

55,344

55,344

Cash at bank

3,147

10,693

62,577

70,002

CREDITORS

Amounts falling due within one year

51,570

37,814

NET CURRENT ASSETS

11,007

32,188

TOTAL ASSETS LESS CURRENT LIABILITIES

15,708

38,293

PROVISIONS FOR LIABILITIES

940

1,221

NET ASSETS

14,768

37,072

CAPITAL AND RESERVES

Called up share capital

3

2

2

Exchange Rate Gains/(Losses)

58

48

Profit and loss account

14,708

37,022

SHAREHOLDERS' FUNDS

14,768

37,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 14 September 2016 and were signed on its behalf by:

Mr A G Goldsworthy - Director

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

-

33% on reducing balance, 25% on reducing balance and 20% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

29,441

Additions

159

Disposals

(117

)

At 31 December 2015

29,483

DEPRECIATION

At 1 January 2015

23,336

Charge for year

1,560

Eliminated on disposal

(114

)

At 31 December 2015

24,782

NET BOOK VALUE

At 31 December 2015

4,701

At 31 December 2014

6,105

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

2

Ordinary

£1

2

2