Mariners Farm (Marine) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07065235 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2018

for

Mariners Farm (Marine) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C J Lyon

Mrs E A Lyon

REGISTERED OFFICE:

Broom House

39/43 London Road

Hadleigh, Benfleet

Essex

SS7 2QL

REGISTERED NUMBER:

07065235 (England and Wales)

ACCOUNTANTS:

BPSL

Brooms Professional Services Limited

Chartered Certified Accountants

Broom House

39/43 London Road

Hadleigh, Benfleet

Essex

SS7 2QL

FIXED ASSETS

Intangible assets

4

26,284

41,167

Tangible assets

5

1,384

-

27,668

41,167

CURRENT ASSETS

Debtors

6

25,066

42,033

Cash at bank and in hand

34,201

59,532

59,267

101,565

CREDITORS

Amounts falling due within one year

7

83,333

37,180

NET CURRENT (LIABILITIES)/ASSETS

(24,066

)

64,385

TOTAL ASSETS LESS CURRENT LIABILITIES

3,602

105,552

CREDITORS

Amounts falling due after more than one year

8

9,289

96,362

NET (LIABILITIES)/ASSETS

(5,687

)

9,190

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(5,690

)

9,187

SHAREHOLDERS' FUNDS

(5,687

)

9,190

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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 30 August 2019 and were signed on its behalf by:

Mr C J Lyon - Director

1.	STATUTORY INFORMATION

Mariners Farm (Marine) 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.

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

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 3 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2017

and 30 November 2018

190,000

AMORTISATION

At 1 December 2017

148,833

Amortisation for year

14,883

At 30 November 2018

163,716

NET BOOK VALUE

At 30 November 2018

26,284

At 30 November 2017

41,167

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 December 2017

12,583

Additions

1,730

At 30 November 2018

14,313

DEPRECIATION

At 1 December 2017

12,583

Charge for year

346

At 30 November 2018

12,929

NET BOOK VALUE

At 30 November 2018

1,384

At 30 November 2017

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade debtors

16,601

15,804

Other debtors

-

22,876

Tax

3,897

-

Prepayments and accrued income

4,568

3,353

25,066

42,033

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade creditors

9,976

664

Tax

-

4,357

Social security and other taxes

1,058

909

VAT

6,709

7,324

Other creditors

43,112

1,899

Directors' current accounts

9,396

11,391

Accruals and deferred income

13,082

10,636

83,333

37,180

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.18

30.11.17

£

£

Other creditors

9,289

96,362