MACH II SHIPPING LIMITED

MACH II SHIPPING LIMITED

MACH II SHIPPING LIMITED - Company Information

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MACH II SHIPPING LIMITED

Company Registration Number:
01627441 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2018

Period of accounts

Start date: 01 August 2017

End date: 31 July 2018

MACH II SHIPPING LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2018

Balance sheet
Notes

MACH II SHIPPING LIMITED

Balance sheet

As at 31 July 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 2 125,022 189,639
Total fixed assets: 125,022 189,639
Current assets
Stocks: 4,379 5,521
Debtors:   1,037,326 793,043
Cash at bank and in hand: 2,080,119 1,662,387
Total current assets: 3,121,824 2,460,951
Creditors: amounts falling due within one year:   (1,586,916) (1,333,718)
Net current assets (liabilities): 1,534,908 1,127,233
Total assets less current liabilities: 1,659,930 1,316,872
Provision for liabilities: (13,000) (24,000)
Total net assets (liabilities): 1,646,930 1,292,872
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 1,636,930 1,282,872
Shareholders funds: 1,646,930 1,292,872

The notes form part of these financial statements

MACH II SHIPPING LIMITED

Balance sheet statements

For the year ending 31 July 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 September 2018
and signed on behalf of the board by:

Name: Mr Michael Scholefield
Status: Director

The notes form part of these financial statements

MACH II SHIPPING LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MACH II SHIPPING LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2018

2. Tangible Assets

Total
Cost £
At 01 August 2017 445,582
Additions 14,982
Disposals (111,660)
At 31 July 2018 348,904
Depreciation
At 01 August 2017 255,943
Charge for year 42,461
On disposals (74,522)
At 31 July 2018 223,882
Net book value
At 31 July 2018 125,022
At 31 July 2017 189,639