REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abbreviated Unaudited Accounts for the Year Ended 31 March 2016 |
|
for |
|
Marine Diesel Services (Scotland) Ltd |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abbreviated Unaudited Accounts for the Year Ended 31 March 2016 |
|
for |
|
Marine Diesel Services (Scotland) Ltd |
Marine Diesel Services (Scotland) Ltd (Registered number: SC172858) |
|
|
|
|
|
|
Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abbreviated Balance Sheet | 2 |
|
Notes to the Abbreviated Accounts | 4 |
|
Chartered Accountants' Report | 6 |
Marine Diesel Services (Scotland) Ltd |
|
Company Information |
for the Year Ended 31 March 2016 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
|
|
|
|
|
Marine Diesel Services (Scotland) Ltd (Registered number: SC172858) |
|
Abbreviated Balance Sheet |
31 March 2016 |
|
31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 3 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
3 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 4 |
|
|
Profit and loss account |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their 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. |
Marine Diesel Services (Scotland) Ltd (Registered number: SC172858) |
|
Abbreviated Balance Sheet - continued |
31 March 2016 |
|
|
|
|
|
The financial statements were approved by the Board of Directors on
by: |
|
|
|
|
|
|
|
Marine Diesel Services (Scotland) Ltd (Registered number: SC172858) |
|
Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
|
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 January 2015). |
|
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts |
where turnover is recognised when the company obtains the right to consideration. |
|
Tangible fixed assets |
|
|
Freehold property | - |
|
Plant and machinery | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
|
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
|
Deferred tax |
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment |
of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are |
expected to apply in the periods when the timing differences will reverse and has not been discounted. |
|
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
|
The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
capital element of the future payments is treated as a liability. |
|
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
Marine Diesel Services (Scotland) Ltd (Registered number: SC172858) |
|
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
|
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
|
Additions |
|
Disposals | ( |
) |
At 31 March 2016 |
|
DEPRECIATION |
At 1 April 2015 |
|
Charge for year |
|
At 31 March 2016 |
|
NET BOOK VALUE |
At 31 March 2016 |
|
At 31 March 2015 |
|
|
3. | CREDITORS |
|
Creditors include an amount of £
|
|
4. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
|
Ordinary | £1.00 |
|
|
|
5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
The following advances and credits to a director subsisted during the years ended 31 March 2016 and |
31 March 2015: |
|
31.3.16 | 31.3.15 |
£ | £ |
|
Balance outstanding at start of year |
|
|
Amounts advanced |
|
|
Amounts repaid | ( |
) | ( |
) |
Balance outstanding at end of year |
|
|
|
The loans to the directors are unsecured, interest free and have no fixed terms of repayment. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Marine Diesel Services (Scotland) Ltd |
|
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
have been prepared. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Marine Diesel Services (Scotland) Ltd for the year ended 31 March 2016 which comprise the |
Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from |
information and explanations you have given us. |
|
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
|
This report is made solely to the Board of Directors of Marine Diesel Services (Scotland) Ltd, as a body, in accordance with the terms of our engagement letter dated 27 April 2001. Our work has been undertaken solely to prepare for your approval the financial statements of Marine Diesel Services (Scotland) Ltd and state those matters that we have agreed to state to the Board of Directors of Marine Diesel Services (Scotland) Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
|
It is your duty to ensure that Marine Diesel Services (Scotland) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Marine Diesel Services (Scotland) Ltd. You consider that Marine Diesel Services (Scotland) Ltd is exempt from the statutory audit requirement for the year. |
|
We have not been instructed to carry out an audit or a review of the financial statements of Marine Diesel Services (Scotland) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
|
|
|
|
|
|
|
Chartered Accountants |
|
|
|
|
|
|
|
19 December 2016 |