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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

FOR

ABOVE BOARD MARINE LIMITED

ABOVE BOARD MARINE LIMITED (REGISTERED NUMBER: 04776599)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ABOVE BOARD MARINE LIMITED

COMPANY INFORMATION
For The Year Ended 31 May 2017







DIRECTOR: Mr T M Warren





REGISTERED OFFICE: 6th Floor
Dean Park House
Dean Park Crescent
Bournemouth
Dorset
BH1 1HP





REGISTERED NUMBER: 04776599 (England and Wales)






ABOVE BOARD MARINE LIMITED (REGISTERED NUMBER: 04776599)

BALANCE SHEET
31 May 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,559 6,016

CURRENT ASSETS
Debtors 5 1,485 9,284
Cash at bank 5,293 3,623
6,778 12,907
CREDITORS
Amounts falling due within one year 6 4,394 6,853
NET CURRENT ASSETS 2,384 6,054
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,943

12,070

CREDITORS
Amounts falling due after more than one year 7 (5,278 ) (6,278 )

PROVISIONS FOR LIABILITIES (912 ) (1,181 )
NET ASSETS 753 4,611

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 743 4,601
SHAREHOLDERS' FUNDS 753 4,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 3 November 2017 and were signed by:





Mr T M Warren - Director


ABOVE BOARD MARINE LIMITED (REGISTERED NUMBER: 04776599)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2017

1. STATUTORY INFORMATION

Above Board Marine Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised as the right to consideration obtained through the performance of contractual obligations, net of 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 & machinery 20% reducing balance

Motor Vehicles 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that
it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or
substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2016
and 31 May 2017 7,595 9,000 16,595
DEPRECIATION
At 1 June 2016 6,642 3,937 10,579
Charge for year 191 1,266 1,457
At 31 May 2017 6,833 5,203 12,036
NET BOOK VALUE
At 31 May 2017 762 3,797 4,559
At 31 May 2016 953 5,063 6,016

ABOVE BOARD MARINE LIMITED (REGISTERED NUMBER: 04776599)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 594 1,954
Other debtors 891 7,330
1,485 9,284

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 3,196 5,733
Other creditors 1,198 1,120
4,394 6,853

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Other creditors 5,278 6,278

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
10 Ordinary £1 10 10

9. FIRST YEAR ADOPTION

These are the first financial statements that comply with Section 1A of FRS 102. The policies applied under the entity's
previous accounting framework are not materially different to Section 1A of FRS 102 and have not impacted on equity or
profit or loss.