REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 31 December 2012 |
for |
AQUALINE MARINE LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
AQUALINE MARINE LIMITED (REGISTERED NUMBER: 04544308) |
Abbreviated Balance Sheet |
31 December 2012 |
2012 | 2011 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Capital redemption reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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 financial statements were approved by the director on |
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 |
Plant and machinery etc | - |
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 |
Disposals | ( |
) |
At 31 December 2012 |
DEPRECIATION |
At 1 January 2012 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 December 2012 |
NET BOOK VALUE |
At 31 December 2012 |
At 31 December 2011 |
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 |
At 31 December 2011 |
The company's investments at the balance sheet date in the share capital of companies include the following: |
Country of incorporation: Poland |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 100.00 |
£ | £ |
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: | £ | £ |
Ordinary shares | £1 |
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. |