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REGISTERED NUMBER: 04544308 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2012

for

AQUALINE MARINE LIMITED

AQUALINE MARINE LIMITED (REGISTERED NUMBER: 04544308)






Contents of the Abbreviated Accounts
for the year ended 31 December 2012




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 2012







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 2012

2012 2011
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,911 10,631
Investments 3 10,000 10,000
11,911 20,631

CURRENT ASSETS
Stocks 205,989 369,144
Debtors 475,883 464,765
Cash at bank 69,925 120,342
751,797 954,251
CREDITORS
Amounts falling due within one year 358,973 640,454
NET CURRENT ASSETS 392,824 313,797
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,735

334,428

PROVISIONS FOR LIABILITIES 253 1,267
NET ASSETS 404,482 333,161

CAPITAL AND RESERVES
Called up share capital 4 64,326 64,326
Capital redemption reserve 46,785 46,785
Profit and loss account 293,371 222,050
SHAREHOLDERS' FUNDS 404,482 333,161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2012.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2012 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 2012


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 28 September 2013 and were signed by:





J Corker - Director


AQUALINE MARINE LIMITED (REGISTERED NUMBER: 04544308)

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

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 2012 27,464
Disposals (16,191 )
At 31 December 2012 11,273
DEPRECIATION
At 1 January 2012 16,833
Charge for year 3,678
Eliminated on disposal (11,149 )
At 31 December 2012 9,362
NET BOOK VALUE
At 31 December 2012 1,911
At 31 December 2011 10,631

AQUALINE MARINE LIMITED (REGISTERED NUMBER: 04544308)

Notes to the Abbreviated Accounts - continued
for the year ended 31 December 2012

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 January 2012
and 31 December 2012 10,000
NET BOOK VALUE
At 31 December 2012 10,000
At 31 December 2011 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
2012 2011
£    £   
Aggregate capital and reserves (102,420 ) (22,461 )
Loss for the year (4,000 ) (61,902 )

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2012 2011
value: £    £   
64,326 Ordinary shares £1 64,326 64,326

5. RELATED PARTY DISCLOSURES

During the year the company made sales totalling £662,852 (2011 - £71,949) to Metro Float Limited, a company
in which Mr CR Hill has a material interest. The company acquired goods and services totalling £80,757 (2011 -
£163,030) from Metro Float Limited during the year. As at 31 December 2012 the company was owed £38,000
(2011 - £25,545) by Metro Float Limited and the company owed Metro Float Limited the sum of £89,998 (2011
- £91,610). During the year the company acquired goods totalling £203,821 (2011 - £160,364) from Paneltex
Limited,a company in which Mr C T Berridge has a material interest. The amount due from the company to
Paneltex Limited at 31 December 2012 was £146 (2011 - £684.
As at 31 December 2012 the balance owed to the company by Droitwich Brokerage Limited, a company in
which Mr C R Hill has a material interest, was £106,703 (2011 - £187,103).

During the year the company acquired goods totalling £607,948 (2011 - £2,456,106) from Aqualine Marine Sp.z
o.o , its wholly owned Polish subsidiary. As at 31 December 2012 the amount due from the company to Aqualine
Marine Sp.z o.o was £Nil (2011 - £Nil). The company sold goods and services totalling £Nil (2011 - £436,578)
to Aqualine Marine Sp z o.o. in the year and at 31 December 2012 the company was owed the sum of £314,400
(2011 - £205,462) by its subsidiary.