HYTHE MARINE SERVICES LIMITED

HYTHE MARINE SERVICES LIMITED

HYTHE ENGINEERING LIMITED - Company Information

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HYTHE MARINE SERVICES LIMITED

Company Registration Number:
05538621 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2020

Period of accounts

Start date: 01 September 2019

End date: 31 August 2020

HYTHE MARINE SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2020

Balance sheet
Notes

HYTHE MARINE SERVICES LIMITED

Balance sheet

As at 31 August 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 446,370 393,898
Investments: 4 1,496,211 1,476,986
Total fixed assets: 1,942,581 1,870,884
Current assets
Stocks: 20,165 20,165
Debtors:   1,503,714 1,404,303
Cash at bank and in hand: 1,457,510 912,546
Total current assets: 2,981,389 2,337,014
Creditors: amounts falling due within one year:   (1,729,048) (1,667,771)
Net current assets (liabilities): 1,252,341 669,243
Total assets less current liabilities: 3,194,922 2,540,127
Provision for liabilities: (82,450) (66,500)
Total net assets (liabilities): 3,112,472 2,473,627
Capital and reserves
Called up share capital: 225 225
Other reserves: 216 216
Profit and loss account: 3,112,031 2,473,186
Shareholders funds: 3,112,472 2,473,627

The notes form part of these financial statements

HYTHE MARINE SERVICES LIMITED

Balance sheet statements

For the year ending 31 August 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 20 May 2021
and signed on behalf of the board by:

Name: J Mathias
Status: Director

The notes form part of these financial statements

HYTHE MARINE SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 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

HYTHE MARINE SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

2. Employees

2020 2019
Average number of employees during the period 22 16

HYTHE MARINE SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

3. Tangible Assets

Total
Cost £
At 01 September 2019 760,013
Additions 164,532
Disposals (80,643)
At 31 August 2020 843,902
Depreciation
At 01 September 2019 366,115
Charge for year 71,464
On disposals (40,047)
At 31 August 2020 397,532
Net book value
At 31 August 2020 446,370
At 31 August 2019 393,898

HYTHE MARINE SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

4. Fixed investments

Freehold buildingAt 1 September 2019 1476986Additions 19225 at 31 August 2020 1496211

HYTHE MARINE SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

5. Financial commitments

Operating leasespayments due: 2020 2019within one year: 137398 105751between one and five years: 383500 400328

HYTHE MARINE SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

6. Changes in presentation and prior period adjustments

The financial statements have been restated to include the impact of a decrease in sub-contract costs payable in the prior period, which results in an increase in reserves by £100988.