Registered Number SC335605

14 MARINE LIMITED

Abbreviated Accounts

31 December 2012

14 MARINE LIMITED Registered Number SC335605

Abbreviated Balance Sheet as at 31 December 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 1,151 1,439
1,151 1,439
Current assets
Debtors 14,730 12,914
Cash at bank and in hand 2,110 7,376
16,840 20,290
Creditors: amounts falling due within one year (17,749) (18,151)
Net current assets (liabilities) (909) 2,139
Total assets less current liabilities 242 3,578
Provisions for liabilities (45) (288)
Total net assets (liabilities) 197 3,290
Capital and reserves
Called up share capital 100 100
Profit and loss account 97 3,190
Shareholders' funds 197 3,290
  • For the year ending 31 December 2012 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 26 September 2013

And signed on their behalf by:
John Davies, Director

14 MARINE LIMITED Registered Number SC335605

Notes to the Abbreviated Accounts for the period ended 31 December 2012

1Accounting Policies

Turnover policy
Turnover represents net invoiced sales of services excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% reducing balance.

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

2Tangible fixed assets
£
Cost
At 1 January 2012 2,162
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2012 2,162
Depreciation
At 1 January 2012 723
Charge for the year 288
On disposals -
At 31 December 2012 1,011
Net book values
At 31 December 2012 1,151
At 31 December 2011 1,439