The Maritime Group (International) Ltd - Accounts to registrar (filleted) - small 18.2
The Maritime Group (International) Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
FOR |
THE MARITIME GROUP (INTERNATIONAL) |
LIMITED |
THE MARITIME GROUP (INTERNATIONAL) |
LIMITED (REGISTERED NUMBER: 06390851) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
THE MARITIME GROUP (INTERNATIONAL) |
LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2020 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Charlton House |
Dour Street |
DOVER |
Kent |
CT16 1BL |
THE MARITIME GROUP (INTERNATIONAL) |
LIMITED (REGISTERED NUMBER: 06390851) |
BALANCE SHEET |
31 MARCH 2020 |
31.3.20 | 31.3.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 and authorised for issue on signed on its behalf by: |
THE MARITIME GROUP (INTERNATIONAL) |
LIMITED (REGISTERED NUMBER: 06390851) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
1. | STATUTORY INFORMATION |
The Maritime Group (International) Limited is a |
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 up to 27 March 2020 was Amherst House, 22 London Road, Riverhead, |
Sevenoaks, Kent, TN13 2BT. |
The company's place of business is now Chindwara, Station Road, Eynsford, Kent, DA4 0ER. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the net invoiced sales of services, excluding value added tax. |
Tangible fixed assets |
Fixtures and fittings | - |
Office equipment | - |
Assets under construction have not been depreciated. |
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. |
THE MARITIME GROUP (INTERNATIONAL) |
LIMITED (REGISTERED NUMBER: 06390851) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
2. | ACCOUNTING POLICIES - continued |
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 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Office |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2019 |
Additions |
At 31 March 2020 |
DEPRECIATION |
At 1 April 2019 |
Charge for year |
At 31 March 2020 |
NET BOOK VALUE |
At 31 March 2020 |
At 31 March 2019 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Trade debtors |
Other debtors and prepayments |
Directors' current accounts | 996 | 2,767 |
VAT |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.20 | 31.3.19 |
£ | £ |
Trade creditors |
Other creditors |
Directors' current accounts | 4,587 | - |
THE MARITIME GROUP (INTERNATIONAL) |
LIMITED (REGISTERED NUMBER: 06390851) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.3.20 | 31.3.19 |
£ | £ |
Within one year |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.20 | 31.3.19 |
value: | £ | £ |
Ordinary | £0.25 | 3,000 | 3,000 |
9. | RELATED PARTY DISCLOSURES |
During the year the directors repaid the company £6,438(2019 - £22,492). During the year the company |
advanced the directors £80 (2019 - £3,094). At the end of the year the company owed Mr and Mrs Parrott |
£4,587 and Captain J M Cox and Mrs Cox owed the company £996 (2019 - the directors owed the company |
£2,767). |
10. | POST BALANCE SHEET EVENTS |
COVID-19 has been classified as an adjusting post balance sheet as of 31 March 2020. The Company has |
continued to receive work enquiries throughout the pandemic, but because of travel restrictions, especially |
overseas, has been unable to carry out any work. The Company has continued its activities throughout in |
pursuing new contracts and will push the business forward once circumstances permit. Through the Company's |
bank it has applied for a £12,500 Government Bounce Back Loan. Although acknowledged as applicable it has |
not yet been granted or received. |