RMK Maritime (Europe) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05976878 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

RMK MARITIME (EUROPE) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

RJE Moore

REGISTERED OFFICE:

4th Floor

St James House

St James Square

Cheltenham

GL50 3PR

REGISTERED NUMBER:

05976878 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

4th Floor

St James House

St James Square

Cheltenham

Gloucestershire

GL50 3PR

FIXED ASSETS

Property, plant and equipment

4

3,162

2,405

Investments

5

-

2,154

3,162

4,559

CURRENT ASSETS

Debtors

6

524,541

509,360

Cash at bank

65,572

25,218

590,113

534,578

CREDITORS

Amounts falling due within one year

7

(412,177

)

(287,474

)

NET CURRENT ASSETS

177,936

247,104

TOTAL ASSETS LESS CURRENT LIABILITIES

181,098

251,663

CREDITORS

Amounts falling due after more than one year

8

(158,333

)

(249,728

)

PROVISIONS FOR LIABILITIES

(791

)

(457

)

NET ASSETS

21,974

1,478

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

21,874

1,378

21,974

1,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 September 2022 and were signed by:

RJE Moore - Director

1.	STATUTORY INFORMATION

RMK Maritime (Europe) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

In light of the current climate in relation to the Covid-19 pandemic, the director has reviewed the company's finances which confirm the company has adequate support and funding available to continue operating for the foreseeable future. The director believes there are no material uncertainties that call into doubt the company's ability to continue as a going concern.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33.3% straight line

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of , Comprehensive Income 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2021

21,217

19,534

40,751

Additions

-

2,366

2,366

At 31 March 2022

21,217

21,900

43,117

DEPRECIATION

At 1 April 2021

19,151

19,195

38,346

Charge for year

517

1,092

1,609

At 31 March 2022

19,668

20,287

39,955

NET BOOK VALUE

At 31 March 2022

1,549

1,613

3,162

At 31 March 2021

2,066

339

2,405

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2021

2,154

Disposals

(2,154

)

At 31 March 2022

-

NET BOOK VALUE

At 31 March 2022

-

At 31 March 2021

2,154

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

21,471

72,486

Other debtors

503,070

436,874

524,541

509,360

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

60,909

41,666

Trade creditors

107,212

97,991

Taxation and social security

142,289

23,433

Other creditors

101,767

124,384

412,177

287,474

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

158,333

208,333

Other creditors

-

41,395

158,333

249,728

9.	RELATED PARTY DISCLOSURES

10.	CONTROLLING PARTY

The company is controlled by RJE Moore by virtue of his shareholding.