Company Registration No. 02014088 (England and Wales)
Marine Diesel Services Limited
Abbreviated unaudited accounts
for the year ended 31 May 2016
Marine Diesel Services Limited
Abbreviated Balance Sheet
as at
31 May 2016
Tangible assets
41,259
44,919
Cash at bank and in hand
597,974
651,484
Creditors: amounts falling due within one year
(123,543)
(107,121)
Net current assets
474,431
544,363
Net assets
515,690
589,282
Called up share capital
10,000
10,000
Profit and loss account
505,690
579,282
Total shareholders' funds
515,690
589,282
For the year ending 31 May 2016 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 13 July 2016
John Gavin
Director
Company Registration No. 02014088
Marine Diesel Services Limited
Notes to the Abbreviated Accounts
for the year ended 31 May 2016
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%-Reducing balance basis
Fixtures & fittings
15%-Reducing balance basis
Computer equipment
25%-Reducing balance basis
2
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
At 1 June 2015
27,227
17,041
651
-
44,919
At 31 May 2016
27,227
17,041
651
908
45,827
Charge for the year
-
4,241
100
227
4,568
At 31 May 2016
-
4,241
100
227
4,568
At 31 May 2016
27,227
12,800
551
681
41,259
At 31 May 2015
27,227
17,041
651
-
44,919
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at rates to calculated to write off the cost of the fixed assets, less their estimated residual life on the following basis.
Motor Vehicles- 25% reducing balance basis
Fixtures and Fittings- 15% reducing balance basis
Computer Equipment- 25% reducing balance basis
3
Share capital
2016
2015
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000