Registered number
Abbreviated Accounts
30 April 2014
Registered number: 01239270
Abbreviated Balance Sheet
as at 30 April 2014
Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 654 769
Current assets
Debtors 356,542 208,692
Cash at bank and in hand 206,608 143,478
563,150 352,170
Creditors: amounts falling due within one year (184,940) (111,684)
Net current assets 378,210 240,486
Net assets 378,864 241,255
Capital and reserves
Called up share capital 3 500 500
Profit and loss account 378,364 240,755
Shareholders' funds 378,864 241,255
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr N Manley
Approved by the board on 20 January 2015
Notes to the Abbreviated Accounts
for the year ended 30 April 2014
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents income from management of yachts. .
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
0 0
Office Equipment 15% reducing balance
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Tangible fixed assets £
At 1 May 2013 21,783
At 30 April 2014 21,783
At 1 May 2013 21,014
Charge for the year 115
At 30 April 2014 21,129
Net book value
At 30 April 2014 654
At 30 April 2013 769
3 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 500 500 500
ATLANTIC MED MARINE LTD 01239270 false true 2013-05-01 2014-04-30 2014-04-30 Mr N Manley 01239270 2013-04-29 01239270 uk-bus:OrdinaryShareClass1 2013-04-29 01239270 2013-05-01 2014-04-30 01239270 uk-bus:Director40 2013-05-01 2014-04-30 01239270 uk-gaap:PlantMachinery 2013-05-01 2014-04-30 01239270 uk-gaap:MotorVehicles 2013-05-01 2014-04-30 01239270 uk-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 01239270 2014-04-30 01239270 uk-bus:OrdinaryShareClass1 2014-04-30 01239270 2013-04-30 iso4217:GBP xbrli:shares



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