Poseidon Aquatic Resource Management Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04297215 (England and Wales)

Financial Statements for the Year Ended 30 September 2019

for

Poseidon Aquatic Resource Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T C Huntington

R R Cappell

G G Macfadyen

Miss F M Nimmo

V Defaux

SECRETARY:

T C Huntington

REGISTERED OFFICE:

Windrush

Warborne Lane

Portmore

Lymington

Hampshire

SO41 5RJ

REGISTERED NUMBER:

04297215 (England and Wales)

ACCOUNTANTS:

CSL Partnership Limited

Chartered Certified Accountants

238 Station Road

Addlestone

Surrey

KT15 2PS

CURRENT ASSETS

Debtors

3

210,697

549,420

Cash at bank and in hand

368,628

60,091

579,325

609,511

CREDITORS

Amounts falling due within one year

4

(566,507

)

(596,715

)

NET CURRENT ASSETS

12,818

12,796

TOTAL ASSETS LESS CURRENT LIABILITIES

12,818

12,796

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

2,818

2,796

SHAREHOLDERS' FUNDS

12,818

12,796

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 applicable to companies subject to the small companies regime.

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 5 December 2019 and were signed on its behalf by:

T C Huntington - Director

1.	STATUTORY INFORMATION

Poseidon Aquatic Resource Management Ltd 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 (£).

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.

Revenue

Revenue is measured at fair value and represents revenues receivable under contracts net of value

added tax. Where contractual obligations have been partially performed at the balance sheet date,

revenue is recognised to the extent that the company has obtained the right to consideration through

its performance.

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.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade debtors

184,565

459,273

Other debtors

26,132

90,147

210,697

549,420

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Trade creditors

168,675

308,811

Tax

78

210

VAT

13,178

14,687

Other creditors

37

-

Sundry creditors & accruals

384,539

273,007

566,507

596,715