Company Registration No. 02226134 (England and Wales)
RK MARINE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
RK MARINE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
RK MARINE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
293,118
300,412
Investments
2
1,250,000
1,250,000
1,543,118
1,550,412
Current assets
Stocks
265,082
236,872
Debtors
384,159
219,438
Cash at bank and in hand
916,169
822,722
1,565,410
1,279,032
Creditors: amounts falling due within one year
(614,175)
(355,436)
Net current assets
951,235
923,596
Total assets less current liabilities
2,494,353
2,474,008
Provisions for liabilities
(26,808)
(22,319)
2,467,545
2,451,689
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
2,466,545
2,450,689
Shareholders' funds
2,467,545
2,451,689
RK MARINE LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2016
30 November 2016
- 2 -
For the financial year ended 30 November 2016 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 18 April 2017
Mr N J Kimish
Director
Company Registration No. 02226134
RK MARINE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention 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
Goodwill
Acquired goodwill ha s been written off in equal annual instalments over its estimated useful economic life.
ha
s
been
written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
9 years straight line
Plant and machinery
3/5/10 years straight line
Computer equipment
5 years straight line
Fixtures, fittings & equipment
7 years straight line
Motor vehicles
4 years straight line
1.6
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
RK MARINE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Investments
Total
£
£
£
£
Cost
At 1 December 2015
408,800
1,102,816
1,250,000
2,761,616
Additions
-
78,924
-
78,924
Disposals
-
(38,294)
-
(38,294)
At 30 November 2016
408,800
1,143,446
1,250,000
2,802,246
Depreciation
At 1 December 2015
408,800
802,404
-
1,211,204
On disposals
-
(35,443)
-
(35,443)
Charge for the year
-
83,367
-
83,367
At 30 November 2016
408,800
850,328
-
1,259,128
Net book value
At 30 November 2016
-
293,118
1,250,000
1,543,118
At 30 November 2015
-
300,412
1,250,000
1,550,412
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Stone Pier Yard Limited
UK
Ordinary
56.81
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Stone Pier Yard Limited
Dormant holding company
2,197,122
(85)
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 ordinary shares of £1 each
1,000
1,000