The Maritime Group (International) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06390851 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

THE MARITIME GROUP (INTERNATIONAL)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M W Parrott

Captain J M Cox

Mrs J E Cox

Mrs J S Parrott

K W Hawes

J Powis

SECRETARY:

MFW Partnership Limited

REGISTERED OFFICE:

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

REGISTERED NUMBER:

06390851 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

FIXED ASSETS

Tangible assets

4

309

769

CURRENT ASSETS

Debtors

5

9,167

41,236

Cash at bank and in hand

27,007

67,493

36,174

108,729

CREDITORS

Amounts falling due within one year

6

7,864

29,523

NET CURRENT ASSETS

28,310

79,206

TOTAL ASSETS LESS CURRENT LIABILITIES

28,619

79,975

PROVISIONS FOR LIABILITIES

-

146

NET ASSETS

28,619

79,829

CAPITAL AND RESERVES

Called up share capital

8

3,000

12

Retained earnings

25,619

79,817

SHAREHOLDERS' FUNDS

28,619

79,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

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 directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 July 2019 and were signed on its behalf by:

M W Parrott - Director

1.	STATUTORY INFORMATION

The Maritime Group (International) Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The company's place of business is Amherst House, 22 London Road, Riverhead, Sevenoaks, Kent, TN13 2BT.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Office equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1 April 2018

and 31 March 2019

430

16,482

16,912

DEPRECIATION

At 1 April 2018

430

15,713

16,143

Charge for year

-

460

460

At 31 March 2019

430

16,173

16,603

NET BOOK VALUE

At 31 March 2019

-

309

309

At 31 March 2018

-

769

769

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

-

38,923

Other debtors

4,663

2,313

Directors' loan accounts

2,767

-

VAT

1,737

-

9,167

41,236

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

1,393

293

VAT

-

128

Other creditors

6,471

6,283

Directors' loan accounts

-

22,819

7,864

29,523

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.19

31.3.18

£

£

Within one year

956

1,118

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

NIL

Ordinary

£1

-

12

(31.3.18 - 12 )

12,000

Ordinary

£0.25

3,000

-

3,000

12

12 Ordinary shares of £1 each were converted to 48 Ordinary shares of £0.25 each during the year.

11,952 Ordinary shares of £0.25 each were allotted and fully paid for cash at par during the year.

9.	RELATED PARTY DISCLOSURES

During the year the company repaid the directors £22,492 (2018 - £313). During the year the company advanced

the directors £3,094 (2018 - £nil). At the end of the year the directors owed the company £2,767 (2018 - the

company owed the directors £22,819).