Registered number
01239270
ATLANTIC MED MARINE LIMITED
Abbreviated Accounts
30 April 2016
ATLANTIC MED MARINE LIMITED
Registered number: 01239270
Abbreviated Balance Sheet
as at 30 April 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 3,476 4,089
Current assets
Debtors 504,342 453,645
Cash at bank and in hand 314,194 524,226
818,536 977,871
Creditors: amounts falling due within one year (323,952) (523,322)
Net current assets 494,584 454,549
Net assets 498,060 458,638
Capital and reserves
Called up share capital 3 500 500
Profit and loss account 497,560 458,138
Shareholders' funds 498,060 458,638
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
Director
Approved by the board on 16 December 2016
ATLANTIC MED MARINE LIMITED
Notes to the Abbreviated Accounts
for the year ended 30 April 2016
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 ).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
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 £
Cost
At 1 May 2015 25,940
At 30 April 2016 25,940
Depreciation
At 1 May 2015 21,851
Charge for the year 613
At 30 April 2016 22,464
Net book value
At 30 April 2016 3,476
At 30 April 2015 4,089
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 500 500
ATLANTIC MED MARINE LIMITED 01239270 false true 2015-05-01 2016-04-30 2016-04-30 Mr N Manley 01239270 2015-04-29 01239270 uk-bus:OrdinaryShareClass1 2015-04-29 01239270 2015-05-01 2016-04-30 01239270 uk-bus:Director40 2015-05-01 2016-04-30 01239270 uk-gaap:PlantMachinery 2015-05-01 2016-04-30 01239270 uk-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 01239270 2016-04-30 01239270 uk-bus:OrdinaryShareClass1 2016-04-30 01239270 2015-04-30 iso4217:GBP xbrli:shares

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.