Company Registration No. 9306186 (England and Wales)
MARINE SHIPBUILDING COMPANY UK LTD
Unaudited accounts
for the year ended 30 November 2021
MARINE SHIPBUILDING COMPANY UK LTD
Unaudited accounts
Contents
MARINE SHIPBUILDING COMPANY UK LTD
Company Information
for the year ended 30 November 2021
Directors
MR AHMED SHABAN
MR ALI SELMAN
Company Number
9306186 (England and Wales)
Registered Office
Office 105
239 High Street Kensington
London
W8 6SN
MARINE SHIPBUILDING COMPANY UK LTD
Statement of financial position
as at 30 November 2021
Tangible assets
3,560
4,342
Cash at bank and in hand
20,074
23,766
Creditors: amounts falling due within one year
(877,619)
(58,016)
Net current assets
274,908
259,532
Total assets less current liabilities
278,468
263,874
Creditors: amounts falling due after more than one year
(250,135)
(250,135)
Called up share capital
100
100
Profit and loss account
28,233
13,639
Shareholders' funds
28,333
13,739
For the year ending 30 November 2021 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2022 and were signed on its behalf by
MR AHMED SHABAN
Director
Company Registration No. 9306186
MARINE SHIPBUILDING COMPANY UK LTD
Notes to the Accounts
for the year ended 30 November 2021
MARINE SHIPBUILDING COMPANY UK LTD is a private company, limited by shares, registered in England and Wales, registration number 9306186. The registered office is Office 105, 239 High Street Kensington, London, W8 6SN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
DEPRN@18% REDUCING BAL METHOD
Computer equipment
DEPRN@18% REDUCING BAL METHOD
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2020
15,862
4,533
20,395
At 30 November 2021
15,862
4,533
20,395
At 1 December 2020
12,899
3,154
16,053
Charge for the year
533
249
782
At 30 November 2021
13,432
3,403
16,835
At 30 November 2021
2,430
1,130
3,560
At 30 November 2020
2,963
1,379
4,342
MARINE SHIPBUILDING COMPANY UK LTD
Notes to the Accounts
for the year ended 30 November 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
1,131,317
293,782
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
794,950
55,479
Taxes and social security
3,607
2,537
Loans from directors
77,062
-
7
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
250,135
250,135
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 3 (2020: 3).
