Company Registration No. 12274080 (England and Wales)
MARSHALSEA ENGINEERING LIMITED
Unaudited accounts
for the period from 22 October 2019 to 31 December 2020
MARSHALSEA ENGINEERING LIMITED
Unaudited accounts
Contents
MARSHALSEA ENGINEERING LIMITED
Company Information
for the period from 22 October 2019 to 31 December 2020
Company Number
12274080 (England and Wales)
Registered Office
UNIT 3, VENTURE WAY
PRIORSWOOD INDUSTRIAL ESTATE
TAUNTON
SOMERSET
TA2 8DE
UNITED KINGDOM
Accountants
Blue Penguin Chartered Accountants
16 Claremont Drive
Taunton
Somerset
TA1 4JF
MARSHALSEA ENGINEERING LIMITED
Statement of financial position
as at 31 December 2020
Cash at bank and in hand
42,215
Creditors: amounts falling due within one year
(203,178)
Total assets less current liabilities
404,561
Creditors: amounts falling due after more than one year
(326,045)
Provisions for liabilities
Profit and loss account
59,193
Shareholders' funds
59,193
For the period ending 31 December 2020 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 director acknowledges his 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 and authorised for issue on 7 July 2021 and were signed on its behalf by
Christopher Hutt
Director
Company Registration No. 12274080
MARSHALSEA ENGINEERING LIMITED
Notes to the Accounts
for the period from 22 October 2019 to 31 December 2020
MARSHALSEA ENGINEERING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12274080. The registered office is UNIT 3, VENTURE WAY, PRIORSWOOD INDUSTRIAL ESTATE, TAUNTON, SOMERSET, TA2 8DE, UNITED KINGDOM.
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 period, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% Reducing Balance
Fixtures & fittings
Over 5 years
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
Additions
347,216
30,000
377,216
At 31 December 2020
347,216
30,000
377,216
Charge for the period
44,339
6,000
50,339
At 31 December 2020
44,339
6,000
50,339
At 31 December 2020
302,877
24,000
326,877
Carrying values included above held under finance leases and hire purchase contracts:
£
- Plant & machinery
290,400
MARSHALSEA ENGINEERING LIMITED
Notes to the Accounts
for the period from 22 October 2019 to 31 December 2020
5
Debtors: amounts falling due within one year
2020
Accrued income and prepayments
28,745
6
Creditors: amounts falling due within one year
2020
Bank loans and overdrafts
20,218
Obligations under finance leases and hire purchase contracts
82,464
Taxes and social security
37,174
7
Creditors: amounts falling due after more than one year
2020
Obligations under finance leases and hire purchase contracts
203,003
Loans from directors
123,042
8
Operating lease commitments
2020
At 31 December 2020 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
64,499
9
Transactions with related parties
Included within long-term creditors is a loan from the director.
This loan is unsecured and interest-free. The director has agreed not to seek repayment of the loan with less than 12 months' notice.
10
Average number of employees
During the period the average number of employees was 12.
