REGISTERED NUMBER:
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Forth Bridge Stevedoring Limited |
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2015 |
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REGISTERED NUMBER:
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Forth Bridge Stevedoring Limited |
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2015 |
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Forth Bridge Stevedoring Limited (Registered number: SC203435) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Forth Bridge Stevedoring Limited |
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Company Information |
for the Year Ended 31 December 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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BANKERS: |
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SOLICITORS: |
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Forth Bridge Stevedoring Limited (Registered number: SC203435) |
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Abbreviated Balance Sheet |
31 December 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
4 |
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NET ASSETS |
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Forth Bridge Stevedoring Limited (Registered number: SC203435) |
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Abbreviated Balance Sheet - continued |
31 December 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 5 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors on
on its behalf by: |
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Forth Bridge Stevedoring Limited (Registered number: SC203435) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by |
the revaluation of certain assets and in accordance with the Financial Reporting Standard for |
Smaller Entities (effective January 2015). |
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Turnover and revenue recognition |
Turnover represents net invoiced sales of stevedoring services. |
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Revenue from stevedoring and cargo handling is recognised as earned, and to the extent that, the |
company has obtained the rights to the consideration in exchange for these services. It is measured |
at the fair value of the right to consideration, which represents amounts chargeable to customers |
excluding value added tax. |
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Revenue from rental income is recognised in accordance with the lease agreement. |
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Tangible fixed assets |
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Freehold property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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In the opinion of the directors, due to the location of the heritable property and the proposed |
maintenance programme, they do not consider that the value of the property will diminish. |
Therefore there is no depreciation charged on the cost of the heritable property. This policy is not in |
accordance with the requirements of the Companies Act 2006, but departure from the provisions of |
the Act is required in order to provide a true and fair view. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date where transactions or events have occurred at that date that will result in |
an obligation to pay more, or a right to pay less or to receive more tax, with the following |
exceptions: |
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Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) |
of fixed assets only to the extent that, at the balance sheet date, there is a binding agreement to |
dispose of the assets concerned; |
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Deferred tax assets are recognised only to the extent that the directors consider that it is more |
likely than not that there will be suitable taxable profits from which the future reversal of the |
underlying timing differences can be deducted. |
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Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the |
periods in which timing differences reverse, based on tax rates and laws enacted or substantively |
enacted at the balance sheet date. |
Forth Bridge Stevedoring Limited (Registered number: SC203435) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
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1. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line |
basis over the period of the lease. |
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Fixed asset investments |
Fixed asset investments are included at the lower of cost and net realisable value. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 January 2015 |
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Additions |
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Disposals | ( |
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At 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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Included in cost or valuation of freehold property is land and buildings of £1,300,000 (2013: |
£1,300,000) which is not depreciated. |
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The Directors consider the total market value of the freehold property to be equal or above the |
carrying value. |
Forth Bridge Stevedoring Limited (Registered number: SC203435) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 January 2015 |
and 31 December 2015 | 60 |
NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
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Nature of business:
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Class of shares: | holding |
Ordinary | 60.00 |
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£ |
Aggregate capital and reserves | (29,430 | ) |
Loss for the year | (29,530 | ) |
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Clydebank Port Services Limited was incorporated on 20 November 2014, the first accounts were |
prepared for the period to 31 December 2015. |
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4. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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2015 | 2014 |
£ | £ |
Repayable by instalments | - | 15,265 |
Forth Bridge Stevedoring Limited (Registered number: SC203435) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | 1 |
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6. | ULTIMATE PARENT COMPANY |
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The ultimate parent company is Ware Marine Limited, a company incorporated in Great Britain. |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended |
31 December 2015 and 31 December 2014: |
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2015 | 2014 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid |
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( |
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Balance outstanding at end of year |
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( |
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