Company Registration No. 01307875 (England and Wales)
RM MARITIME LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
RM MARITIME LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
RM MARITIME LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
171,912
174,865
Current assets
Debtors
234,607
339,806
Cash at bank and in hand
56,613
186,373
291,220
526,179
Creditors: amounts falling due within one year
(339,882)
(573,433)
Net current liabilities
(48,662)
(47,254)
Total assets less current liabilities
123,250
127,611
Creditors: amounts falling due after more than one year
(75,596)
(81,582)
47,654
46,029
Capital and reserves
Called up share capital
3
20,000
20,000
Revaluation reserve
24,892
24,892
Profit and loss account
2,762
1,137
Shareholders' funds
47,654
46,029
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 15 August 2016
Mr J P Brownbridge
Director
Company Registration No. 01307875
RM MARITIME LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% on reducing balance
Computer equipment
25% on reducing balance
Fixtures, fittings & equipment
15% on reducing balance
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 January 2015 & at 31 December 2015
230,500
Depreciation
At 1 January 2015
55,635
Charge for the year
2,953
At 31 December 2015
58,588
Net book value
At 31 December 2015
171,912
At 31 December 2014
174,865
RM MARITIME LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
18,600 A and B Ordinary of £1 each
18,600
18,600
1,000 C and D Ordinary of £1 each
1,000
1,000
400 E and F Ordinary of £1 each
400
400
20,000
20,000