Registered Number SC291449

OFFSHORE WORKBOATS LTD

Abbreviated Accounts

31 October 2012

OFFSHORE WORKBOATS LTD Registered Number SC291449

Abbreviated Balance Sheet as at 31 October 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 142,721 167,907
142,721 167,907
Current assets
Debtors 30,889 6,447
Cash at bank and in hand 43,063 75,298
73,952 81,745
Creditors: amounts falling due within one year (36,965) (41,000)
Net current assets (liabilities) 36,987 40,745
Total assets less current liabilities 179,708 208,652
Total net assets (liabilities) 179,708 208,652
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 179,707 208,651
Shareholders' funds 179,708 208,652
  • For the year ending 31 October 2012 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 September 2013

And signed on their behalf by:
Keith Russell, Director

OFFSHORE WORKBOATS LTD Registered Number SC291449

Notes to the Abbreviated Accounts for the period ended 31 October 2012

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods and services excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the appropriate rate in order tp write off each asset over its estimated useful life.

2 Tangible fixed assets
£
Cost
At 1 November 2011 251,244
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2012 251,244
Depreciation
At 1 November 2011 83,337
Charge for the year 25,186
On disposals -
At 31 October 2012 108,523
Net book values
At 31 October 2012 142,721
At 31 October 2011 167,907
3 Called Up Share Capital
Allotted, called up and fully paid:
2012
£
2011
£
1 Ordinary shares of £1 each 1 1

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