Aluminium Marine Consultants Limited,Ltd - AccountsLtd - Accounts

Aluminium Marine Consultants Limited,Ltd - AccountsLtd - Accounts

ALUMINIUM MARINE CONSULTANTS LIMITED - Company Information

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2018-04-01 06039354 2019-03-31 06039354 2018-04-01 2019-03-31 06039354 2018-03-31 06039354 2017-04-01 2018-03-31 06039354 uk-core:WithinOneYear 2018-03-31 06039354 uk-core:WithinOneYear 2019-03-31 06039354 uk-core:AfterOneYear 2018-03-31 06039354 uk-core:AfterOneYear 2019-03-31 06039354 uk-core:ShareCapital 2019-03-31 06039354 uk-core:ShareCapital 2018-03-31 06039354 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 06039354 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 06039354 uk-bus:Director1 2018-04-01 2019-03-31 06039354 uk-core:Buildings 2018-04-01 2019-03-31 06039354 uk-core:OfficeEquipment 2018-03-31 06039354 uk-core:FurnitureFittings 2018-03-31 06039354 uk-core:CommercialMotorVehicles 2018-03-31 06039354 uk-core:PlantMachinery 2018-03-31 06039354 uk-core:Buildings 2018-03-31 06039354 uk-core:OfficeEquipment 2018-04-01 2019-03-31 06039354 uk-core:FurnitureFittings 2018-04-01 2019-03-31 06039354 uk-core:CommercialMotorVehicles 2018-04-01 2019-03-31 06039354 uk-core:PlantMachinery 2018-04-01 2019-03-31 06039354 uk-core:Buildings 2019-03-31 06039354 uk-core:CommercialMotorVehicles 2019-03-31 06039354 uk-core:FurnitureFittings 2019-03-31 06039354 uk-core:OfficeEquipment 2019-03-31 06039354 uk-core:PlantMachinery 2019-03-31 iso4217:GBP 06039354 uk-bus:AuditExemptWithAccountantsReport 2018-04-01 2019-03-31 06039354 uk-bus:FRS102 2018-04-01 2019-03-31 06039354 uk-bus:FullAccounts 2018-04-01 2019-03-31 06039354 uk-bus:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31
Aluminium Marine Consultants Limited
Registered Number:06039354
For the year ended 31 March 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2019
Aluminium Marine Consultants Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2019
Aluminium Marine Consultants Limited
Statement of Financial Position
Registered Number :
06039354
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
194,288
62,734
2
194,288
62,734
Current assets
Inventories
52,500
2,500
3
Trade and other receivables
379,586
264,110
4
159,614
Cash and cash equivalents
76,126
342,736
591,700
Trade and other payables: amounts falling due within one year
(280,905)
(280,895)
5
310,795
61,841
Net current assets
Total assets less current liabilities
256,129
373,529
Trade and other payables: amounts falling due after more than one year
-
(127,077)
6
129,052
Net assets
373,529
Capital and reserves
Called up share capital
2
2
Retained earnings
129,050
373,527
129,052
373,529
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 directors acknowledge their 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 Nigel John True Director
These financial statements were approved and authorised for issue by the Board on 20 May 2019 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 March 2019
Aluminium Marine Consultants Limited
Notes to the Financial Statements
Statutory Information
Aluminium Marine Consultants Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
06039354.
Registered address:
25 Castle Street
East Cowes
Isle of Wight
PO32 6RD
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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:
Land and Buildings
2 Straight line
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 at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
Land and Buildings
£
£
£
£
£
£
Cost or valuation
At 01 April 2018
288,903
26,205
3,090
85,463
174,145
-
165,500
-
-
-
3,000
162,500
Additions
(1,807)
-
(33,365)
(48,367)
-
Disposals
(83,539)
At 31 March 2019
162,500
52,098
3,090
24,398
370,864
128,778
Provision for depreciation and impairment
At 01 April 2018
226,169
19,588
2,124
72,756
131,701
-
Charge for year
13,533
1,934
242
1,325
7,862
2,170
(63,126)
(2,925)
-
(25,958)
(34,243)
-
On disposal
At 31 March 2019
176,576
18,597
2,366
48,123
105,320
2,170
At 31 March 2019
Net book value
160,330
23,458
3,975
724
5,801
194,288
-
42,444
12,707
966
6,617
62,734
At 31 March 2018
2 of 3
5
For the year ended 31 March 2019
Aluminium Marine Consultants Limited
Notes to the Financial Statements Continued
3. Inventories
2018
2019
£
£
Stocks
2,500
52,500
4. Trade and other receivables
2018
2019
£
£
Trade debtors
209,826
254,046
Other debtors
54,284
125,540
379,586
264,110
5. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Trade creditors
162,829
195,845
Taxation and social security
80,523
79,899
Other creditors
37,543
5,161
280,895
280,905
6. Trade and other payables: amounts falling due after more than one year
2018
2019
£
£
Bank loans and overdraft (secured)
127,077
-
3 of 3