Systems Maritime Limited,Ltd - AccountsLtd - Accounts

Systems Maritime Limited,Ltd - AccountsLtd - Accounts

SYSTEMS MARITIME LIMITED - Company Information

Print Friendly Version

2018-04-01 04399543 2019-03-31 04399543 2018-04-01 2019-03-31 04399543 2018-03-31 04399543 2017-04-01 2018-03-31 04399543 uk-core:WithinOneYear 2018-03-31 04399543 uk-core:WithinOneYear 2019-03-31 04399543 uk-core:ShareCapital 2019-03-31 04399543 uk-core:ShareCapital 2018-03-31 04399543 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 04399543 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 04399543 uk-bus:Director1 2018-04-01 2019-03-31 04399543 uk-core:OfficeEquipment 2018-04-01 2019-03-31 iso4217:GBP xbrli:pure 04399543 uk-bus:AuditExemptWithAccountantsReport 2018-04-01 2019-03-31 04399543 uk-bus:FRS102 2018-04-01 2019-03-31 04399543 uk-bus:FullAccounts 2018-04-01 2019-03-31 04399543 uk-bus:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31
Systems Maritime Limited
Registered Number:04399543
For the year ended 31 March 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2019
Systems Maritime Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2019
Systems Maritime Limited
Statement of Financial Position
Registered Number :
04399543
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
723
807
2
723
807
Current assets
32,089
Cash and cash equivalents
27,762
27,762
32,089
Trade and other payables: amounts falling due within one
year
(9,500)
(4,008)
3
22,589
23,754
Net current assets
Total assets less current liabilities
24,477
23,396
24,477
Net assets
23,396
Capital and reserves
Called up share capital
60
60
Retained earnings
24,417
23,336
24,477
23,396
Shareholders' funds
For the year ended 31 March 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Stephen Heagren Director
These financial statements were approved and authorised for issue by the Board on 18 April 2019 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 March 2019
Systems Maritime Limited
Notes to the Financial Statements
Statutory Information
Systems Maritime Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04399543.
Registered address:
Drove House, 14 Bakers Drove
Rownhams
Southampton
Hampshire
SO16 8AD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% per annum on cost
Office equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
Office
equipment
£
Cost or
valuation
At 01 April 2018
1,938
157
Additions
At 31 March 2019
2,095
Provision for depreciation and impairment
At 01 April 2018
1,131
Charge for year
241
At 31 March 2019
1,372
At 31 March 2019
Net book value
723
At 31 March 2018
807
2 of 3
5
For the year ended 31 March 2019
Systems Maritime Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Taxation and social security
2,463
3,291
Other creditors
1,545
6,209
4,008
9,500
4. Average number of persons employed
During the year the average number of employees was 1 (2018 : 2)
3 of 3