Filbert Marine Limited - Accounts to registrar (filleted) - small 18.2
Filbert Marine Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FILBERT MARINE LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST OCTOBER 2019 |
| FILBERT MARINE LIMITED (REGISTERED NUMBER: 10236767) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST OCTOBER 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| FILBERT MARINE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST OCTOBER 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Portland House |
| 11-13 Station Road |
| Kettering |
| Northamptonshire |
| NN15 7HH |
| FILBERT MARINE LIMITED (REGISTERED NUMBER: 10236767) |
| BALANCE SHEET |
| 31ST OCTOBER 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| 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. |
| FILBERT MARINE LIMITED (REGISTERED NUMBER: 10236767) |
| BALANCE SHEET - continued |
| 31ST OCTOBER 2019 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| FILBERT MARINE LIMITED (REGISTERED NUMBER: 10236767) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST OCTOBER 2019 |
| 1. | STATUTORY INFORMATION |
| Filbert Marine Limited is a |
| 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 |
| The accounts have been prepared on a going concern basis not withstanding that the company had |
| net liabilities of £767,626 at the balance sheet date. However, the directors have confirmed continued |
| support and consider the company retains sufficient working capital to continue trading for the |
| foreseeable future. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
| rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant & equipment | - |
| Financial instruments |
| The company is party to only the basic financial instruments such as cash, trade debtors and creditors |
| and loans. Instruments such as trade debtors and trade creditors are initially recognised at their |
| transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on |
| demand or due within one year, such as bank loans, are measured at amortised cost using the |
| effective interest rate. |
| 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. |
| FILBERT MARINE LIMITED (REGISTERED NUMBER: 10236767) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST OCTOBER 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
| Those held under hire purchase contracts are depreciated over their estimated useful lives. Those |
| held under finance leases are depreciated over their estimated useful lives or the lease term, |
| whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2018 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Plant & |
| equipment |
| £ |
| COST |
| At 1st November 2018 |
| and 31st October 2019 |
| DEPRECIATION |
| At 1st November 2018 |
| Charge for year |
| At 31st October 2019 |
| NET BOOK VALUE |
| At 31st October 2019 |
| At 31st October 2018 |
| FILBERT MARINE LIMITED (REGISTERED NUMBER: 10236767) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST OCTOBER 2019 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant & |
| equipment |
| £ |
| COST |
| At 1st November 2018 |
| and 31st October 2019 |
| DEPRECIATION |
| At 1st November 2018 |
| Charge for year |
| At 31st October 2019 |
| NET BOOK VALUE |
| At 31st October 2019 |
| At 31st October 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts |
| Other creditors |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Hire purchase | 140,322 | 192,371 |
| FILBERT MARINE LIMITED (REGISTERED NUMBER: 10236767) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST OCTOBER 2019 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts | 410,338 | 460,414 |
| The debts are secured on the assets of the company. |
| 9. | RELATED PARTY DISCLOSURES |
| All material related party transactions with owners holding a participating interest, companies in which |
| the entity has a participating interest and directors were all concluded under normal market conditions. |