Inverness Marina Limited 30/09/2021 iXBRL
Inverness Marina Limited 30/09/2021 iXBRL
Company registration number:
SC325102
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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(Resigned 25 August 2021) | ||
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(Resigned 1 February 2021) | ||
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(Appointed 1 February 2021) | ||
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(Appointed 25 August 2021) | ||
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Company number |
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Registered office |
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Business address |
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Accountants |
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Metropolitan House | |||
31-33 High Street | |||
Inverness | |||
IV1 1HT | |||
Bankers |
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35D Harbour Road | ||
Inverness | ||
IV1 1UA | ||
Solicitors |
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8 Ardross Terrace | ||
Inverness | ||
IV3 5NW | ||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Inverness Marina Limited
Year ended 30 September 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Inverness Marina Limited for the year ended 30 September 2021 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Inverness Marina Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Inverness Marina Limited and state those matters that we have agreed to state to the board of directors of Inverness Marina Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Inverness Marina Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Inverness Marina Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Inverness Marina Limited. You consider that Inverness Marina Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Inverness Marina Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
Metropolitan House
31-33 High Street
Inverness
IV1 1HT
10 June 2022
Statement of financial position
30 September 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Accruals and deferred income |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
10 June 2022
, and are signed on behalf of the board by:
Director
Company registration number:
SC325102
Notes to the financial statements
Year ended 30 September 2021
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is The Inverness Harbour Office, Longman Drive, Inverness, IV1 1SU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leashold property | - |
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Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Marina Hardware | - | 5 % | straight line | |
Impairment
Stocks
Government grants
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2020:
4
).
5.
Tangible assets
Short leasehold property | Plant and machinery | Fixtures, fittings and equipment | Marina Hardware | Total | ||
£ | £ | £ | £ | £ | ||
Cost | ||||||
At 1 October 2020 |
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1,300,851 |
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Additions | - | - |
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_______ | _______ | _______ | _______ | _______ | ||
At 30 September 2021 |
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1,300,851 |
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Depreciation | ||||||
At 1 October 2020 |
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668,588 |
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Charge for the year |
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65,043 |
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At 30 September 2021 |
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733,631 |
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Carrying amount | ||||||
At 30 September 2021 |
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567,220 |
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_______ | _______ | _______ | _______ | _______ | ||
At 30 September 2020 |
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- | 632,263 |
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6.
Debtors
2021 | 2020 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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7.
Creditors: amounts falling due within one year
2021 | 2020 | |||
£ | £ | |||
Trade creditors |
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Corporation tax |
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Other creditors |
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_______ | _______ | |||
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8.
Controlling party