Registered Number 07881149

SEAMARSHALS RISK MANAGEMENT LTD

Abbreviated Accounts

31 December 2015

SEAMARSHALS RISK MANAGEMENT LTD Registered Number 07881149

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 262,945 319,133
262,945 319,133
Current assets
Stocks 3,701 -
Debtors 785,787 2,027,838
Cash at bank and in hand 18,733 28,585
808,221 2,056,423
Creditors: amounts falling due within one year (1,415,527) (2,821,737)
Net current assets (liabilities) (607,306) (765,314)
Total assets less current liabilities (344,361) (446,181)
Total net assets (liabilities) (344,361) (446,181)
Capital and reserves
Called up share capital 250,000 250,000
Profit and loss account (594,361) (696,181)
Shareholders' funds (344,361) (446,181)
  • For the year ending 31 December 2015 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 30 September 2016

And signed on their behalf by:
S Collins, Director

SEAMARSHALS RISK MANAGEMENT LTD Registered Number 07881149

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off their cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Plant and machinery 20% of reducing balance
Office equipment 25% of reducing balance

2Tangible fixed assets
£
Cost
At 1 January 2015 491,719
Additions 7,810
Disposals -
Revaluations -
Transfers -
At 31 December 2015 499,529
Depreciation
At 1 January 2015 172,586
Charge for the year 63,998
On disposals -
At 31 December 2015 236,584
Net book values
At 31 December 2015 262,945
At 31 December 2014 319,133