MARINE SUPPORT THAMES (MST) LIMITED

MARINE SUPPORT THAMES (MST) LIMITED

MARINE SUPPORT THAMES (MST) LIMITED - Company Information

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MARINE SUPPORT THAMES (MST) LIMITED

Company Registration Number:
06795363 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2020

Period of accounts

Start date: 01 June 2019

End date: 31 May 2020

MARINE SUPPORT THAMES (MST) LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2020

Balance sheet
Notes

MARINE SUPPORT THAMES (MST) LIMITED

Balance sheet

As at 31 May 2020


Notes
2020
2019


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 890,504 949,408
Investments:   0 0
Total fixed assets: 890,504 949,408
Current assets
Stocks: 0 0
Debtors:   313,028 145,694
Cash at bank and in hand: 410,542 192,157
Investments:   0 0
Total current assets: 723,570 337,851
Creditors: amounts falling due within one year:   (348,616) (279,636)
Net current assets (liabilities): 374,954 58,215
Total assets less current liabilities: 1,265,458 1,007,623
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 1,265,458 1,007,623
Capital and reserves
Called up share capital: 300 300
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 1,265,158 1,007,323
Shareholders funds: 1,265,458 1,007,623

The notes form part of these financial statements

MARINE SUPPORT THAMES (MST) LIMITED

Balance sheet statements

For the year ending 31 May 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 May 2021
and signed on behalf of the board by:

Name: Mr C Ellis
Status: Director

The notes form part of these financial statements

MARINE SUPPORT THAMES (MST) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised as the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual value over their useful economic lives on the following bases:Plant and machinery 10% straight line Computer equipment 33% on cost The gain or loss on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss.

MARINE SUPPORT THAMES (MST) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

2. Employees

2020 2019
Average number of employees during the period 2 1

MARINE SUPPORT THAMES (MST) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

3. Tangible Assets

Total
Cost £
At 01 June 2019 1,179,412
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2020 1,179,412
Depreciation
At 01 June 2019 230,004
Charge for year 58,904
On disposals 0
Other adjustments 0
At 31 May 2020 288,908
Net book value
At 31 May 2020 890,504
At 31 May 2019 949,408