ATL MARINE and ENERGY LIMITED
ATL MARINE and ENERGY LIMITED
REPORT OF THE DIRECTORS AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
FOR
ATL MARINE & ENERGY LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
| Page |
|
|
Company Information | 1 |
|
|
Report of the Directors | 2 |
|
|
Balance Sheet | 3 |
|
|
Notes to the Financial Statements | 5 |
ATL MARINE & ENERGY LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021
DIRECTORS: | |
| |
| |
| |
|
|
|
|
|
|
REGISTERED OFFICE: | |
| |
| London |
| |
|
|
|
|
|
|
REGISTERED NUMBER: |
ATL MARINE & ENERGY LIMITED
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2021
The directors present their report with the financial statements of the company for the year ended 31 March 2021.
PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of insurance brokers.
DIRECTORS
The directors shown below have held office during the whole of the period from
I M Bandres Iglesias
D Cesar Marcos
H O I Dent
J E Ambrose
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
I M Bandres Iglesias - Director
ATL MARINE & ENERGY LIMITED (REGISTERED NUMBER: 08160887)
BALANCE SHEET
31 March 2021
|
| 31.3.21 | 31.3.20 | ||
| Notes | £ | £ | £ | £ |
FIXED ASSETS |
|
|
|
|
|
Tangible assets | 5 |
|
| ||
Investments |
|
|
| - | |
|
|
|
|
|
|
|
|
|
| ||
CURRENT ASSETS |
|
|
|
|
|
Debtors | 6 |
|
| ||
Cash at bank |
|
|
| ||
|
|
|
|
|
|
|
|
|
| ||
CREDITORS |
|
|
|
|
|
Amounts falling due within one year | 7 |
|
| ||
|
|
|
|
|
|
NET CURRENT ASSETS |
|
|
| ||
|
|
|
|
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
| ||
|
|
|
|
|
|
CREDITORS |
|
|
|
|
|
Amounts falling due after more than one year | 8 |
|
| ||
|
|
|
|
|
|
NET ASSETS |
|
|
| ||
|
|
|
|
|
|
CAPITAL AND RESERVES |
|
|
|
|
|
Called up share capital |
|
|
| ||
Retained earnings |
|
|
| ||
|
|
|
|
|
|
SHAREHOLDERS' FUNDS |
|
|
| ||
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 notes form part of these financial statements
ATL MARINE & ENERGY LIMITED (REGISTERED NUMBER: 08160887)
BALANCE SHEET - continued
31 MARCH 2021
The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by
I M Bandres Iglesias - Director
The notes form part of these financial statements
ATL MARINE & ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
1. STATUTORY INFORMATION
ATL Marine & Energy Limited is a private company, limited by shares, registered in
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets
Plant and machinery etc | - |
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 balance sheet 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.
ATL MARINE & ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
2. ACCOUNTING POLICIES – continued
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
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.
Client funds
These are held in protected bank accounts and are shown under cash at bank. The premiums due to insurance companies are included under trade creditors.
4. EMPLOYEES AND DIRECTORS
The average number of employees during the year was
5. TANGIBLE FIXED ASSETS
| Plant and |
| machinery |
| etc |
| £ |
COST |
|
At 1 April 2020 | |
Additions | - |
|
|
At 31 March 2021 | |
|
|
DEPRECIATION |
|
At 1 April 2020 | |
Charge for year | |
|
|
At 31 March 2021 | |
|
|
NET BOOK VALUE |
|
At 31 March 2021 | |
|
|
At 31 March 2020 |
ATL MARINE & ENERGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.3.21 | 31.3.20 |
| £ | £ |
Trade debtors | ||
Other debtors | ||
|
|
|
|
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.3.21 | 31.3.20 |
| £ | £ |
Bank loans and overdrafts | - | |
Trade creditors | ||
Taxation and social security | ||
Other creditors | ||
|
|
|
|
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 31.3.21 | 31.3.20 |
| £ | £ |
Other creditors |
9. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| 31.3.21 | 31.3.20 |
| £ | £ |
Within one year | ||
Between one and five years | ||
In more than five years | - | - |
|
|
|
|
10. RELATED PARTY DISCLOSURES
At the year end there were interest free directors' loans of £nil (2020: £nil).
11. ULTIMATE CONTROLLING PARTY
The controlling party is