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

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

RMK MARITIME (EUROPE) LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v21.3.0.583 05976878 director 1.4.20 31.3.21 31.3.21 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure059768782020-03-31059768782021-03-31059768782020-04-012021-03-31059768782019-03-31059768782019-04-012020-03-31059768782020-03-3105976878ns16:EnglandWales2020-04-012021-03-3105976878ns15:PoundSterling2020-04-012021-03-3105976878ns11:Director12020-04-012021-03-3105976878ns11:PrivateLimitedCompanyLtd2020-04-012021-03-3105976878ns11:SmallEntities2020-04-012021-03-3105976878ns11:AuditExempt-NoAccountantsReport2020-04-012021-03-3105976878ns11:SmallCompaniesRegimeForDirectorsReport2020-04-012021-03-3105976878ns11:SmallCompaniesRegimeForAccounts2020-04-012021-03-3105976878ns11:FullAccounts2020-04-012021-03-3105976878ns11:RegisteredOffice2020-04-012021-03-3105976878ns6:CurrentFinancialInstruments2021-03-3105976878ns6:CurrentFinancialInstruments2020-03-3105976878ns6:Non-currentFinancialInstruments2021-03-3105976878ns6:Non-currentFinancialInstruments2020-03-3105976878ns6:ShareCapital2021-03-3105976878ns6:ShareCapital2020-03-3105976878ns6:RetainedEarningsAccumulatedLosses2021-03-3105976878ns6:RetainedEarningsAccumulatedLosses2020-03-3105976878ns6:FurnitureFittings2020-04-012021-03-3105976878ns6:ComputerEquipment2020-04-012021-03-3105976878ns6:FurnitureFittings2020-03-3105976878ns6:ComputerEquipment2020-03-3105976878ns6:FurnitureFittings2021-03-3105976878ns6:ComputerEquipment2021-03-3105976878ns6:FurnitureFittings2020-03-3105976878ns6:ComputerEquipment2020-03-3105976878ns6:CostValuation2020-03-3105976878ns6:CurrentFinancialInstrumentsns6:WithinOneYear2021-03-3105976878ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-03-31
REGISTERED NUMBER: 05976878 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2021

for

RMK Maritime (Europe) Limited
RMK Maritime (Europe) Limited (Registered number: 05976878)

Contents of the Financial Statements
for the year ended 31 March 2021










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RMK Maritime (Europe) Limited

Company Information
for the year ended 31 March 2021







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
Fourth Floor St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR
Page 1
RMK Maritime (Europe) Limited (Registered number: 05976878)

Statement of Financial Position
31 March 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,405 3,872
Investments 5 2,154 2,154
4,559 6,026

CURRENT ASSETS
Debtors 6 509,360 656,865
Cash at bank 25,218 119,809
534,578 776,674
CREDITORS
Amounts falling due within one year 7 287,474 433,334
NET CURRENT ASSETS 247,104 343,340
TOTAL ASSETS LESS CURRENT
LIABILITIES
251,663
349,366

CREDITORS
Amounts falling due after more than one
year
8
(249,728
)
(112,323
)

PROVISIONS FOR LIABILITIES (457 ) (736 )
NET ASSETS 1,478 236,307

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,378 236,207
SHAREHOLDERS' FUNDS 1,478 236,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 notes form part of these financial statements

Page 2 continued...
RMK Maritime (Europe) Limited (Registered number: 05976878)

Statement of Financial Position - continued
31 March 2021


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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 November 2021 and were signed by:





RJE Moore - Director


The notes form part of these financial statements

Page 3
RMK Maritime (Europe) Limited (Registered number: 05976878)

Notes to the Financial Statements
for the year ended 31 March 2021


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% on cost

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 (2020 - 4 ) .

Page 4 continued...
RMK Maritime (Europe) Limited (Registered number: 05976878)

Notes to the Financial Statements - continued
for the year ended 31 March 2021


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2020 21,217 19,428 40,645
Additions - 106 106
At 31 March 2021 21,217 19,534 40,751
DEPRECIATION
At 1 April 2020 18,462 18,311 36,773
Charge for year 689 884 1,573
At 31 March 2021 19,151 19,195 38,346
NET BOOK VALUE
At 31 March 2021 2,066 339 2,405
At 31 March 2020 2,755 1,117 3,872

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2020
and 31 March 2021 2,154
NET BOOK VALUE
At 31 March 2021 2,154
At 31 March 2020 2,154

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 72,486 205,884
Other debtors 436,874 450,981
509,360 656,865

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 41,666 -
Trade creditors 97,991 173,710
Taxation and social security 23,433 146,629
Other creditors 124,384 112,995
287,474 433,334

Page 5 continued...
RMK Maritime (Europe) Limited (Registered number: 05976878)

Notes to the Financial Statements - continued
for the year ended 31 March 2021


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 208,333 -
Other creditors 41,395 112,323
249,728 112,323

9. RELATED PARTY DISCLOSURES

Included within debtors is a director's loan account in the sum of £243,584 (2020: £242,762) which has been provided to RJE Moore. The account is unsecured, accrues interest at HM Revenue & Custom's official rate and has no fixed date of repayment.

10. CONTROLLING PARTY

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

Page 6