Aluminium Marine Consultants Limited,Ltd - AccountsLtd - Accounts

Aluminium Marine Consultants Limited,Ltd - AccountsLtd - Accounts

ALUMINIUM MARINE CONSULTANTS LIMITED - Company Information

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2022-04-01 06039354 2023-03-31 06039354 2022-04-01 2023-03-31 06039354 2022-03-31 06039354 2021-04-01 2022-03-31 06039354 uk-core:WithinOneYear 2022-03-31 06039354 uk-core:WithinOneYear 2023-03-31 06039354 uk-core:AfterOneYear 2022-03-31 06039354 uk-core:AfterOneYear 2023-03-31 06039354 uk-core:ShareCapital 2023-03-31 06039354 uk-core:ShareCapital 2022-03-31 06039354 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 06039354 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 06039354 uk-bus:Director1 2022-04-01 2023-03-31 06039354 uk-core:Buildings 2022-04-01 2023-03-31 06039354 uk-core:PlantMachinery 2022-04-01 2023-03-31 06039354 uk-core:OfficeEquipment 2022-04-01 2023-03-31 06039354 uk-core:CommercialMotorVehicles 2022-04-01 2023-03-31 06039354 uk-core:FurnitureFittings 2022-04-01 2023-03-31 06039354 uk-core:OfficeEquipment 2022-03-31 06039354 uk-core:FurnitureFittings 2022-03-31 06039354 uk-core:CommercialMotorVehicles 2022-03-31 06039354 uk-core:PlantMachinery 2022-03-31 06039354 uk-core:Buildings 2022-03-31 06039354 uk-core:Buildings 2023-03-31 06039354 uk-core:CommercialMotorVehicles 2023-03-31 06039354 uk-core:FurnitureFittings 2023-03-31 06039354 uk-core:OfficeEquipment 2023-03-31 06039354 uk-core:PlantMachinery 2023-03-31 06039354 uk-core:AfterOneYear uk-core:Secured 2023-03-31 06039354 uk-core:AfterOneYear uk-core:Secured 2022-03-31 iso4217:GBP xbrli:pure 06039354 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06039354 uk-bus:FRS102 2022-04-01 2023-03-31 06039354 uk-bus:FullAccounts 2022-04-01 2023-03-31 06039354 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
Aluminium Marine Consultants Limited
Registered Number:06039354
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Aluminium Marine Consultants Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
06039354
As at 31 March 2023
Aluminium Marine Consultants Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
286,254
282,248
2
286,254
282,248
Current assets
Inventories
2,500
2,500
3
Trade and other receivables
676,450
478,173
4
375,112
Cash and cash equivalents
56,890
537,563
1,054,062
Trade and other payables: amounts falling due within one year
(413,721)
(224,702)
5
640,341
312,861
Net current assets
Total assets less current liabilities
599,115
922,589
Trade and other payables: amounts falling due after more than one year
(150,729)
(181,380)
6
(21,460)
(326,142)
Provisions for liabilities
396,275
Net assets
445,718
Capital and reserves
Called up share capital
2
2
Retained earnings
396,273
445,716
396,275
445,718
Shareholders' funds
For the year ended 31 March 2023 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Nigel John True Director
These financial statements were approved and authorised for issue by the Board on 22 June 2023 and were signed by:
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4
Registered Number :
06039354
For the year ended 31 March 2023
Aluminium Marine Consultants Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2023
Aluminium Marine Consultants Limited
Notes to the Financial Statements
Statutory Information
Aluminium Marine Consultants Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
06039354.
Registered address:
25 Castle Street
East Cowes
Isle of Wight
PO32 6RD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
2 Straight line
Plant and Machinery
25 Reducing balance
25 Reducing balance
Computer Equipment
25 Reducing balance
Motor Vehicles
25 Reducing balance
Furniture and Fittings
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 at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
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6
For the year ended 31 March 2023
Aluminium Marine Consultants Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
Land and Buildings
£
£
£
£
£
£
Cost or valuation
At 01 April 2022
461,864
24,398
8,401
57,384
132,848
238,833
30,490
-
-
17,490
13,000
-
Additions
-
-
(13,051)
-
-
Disposals
(13,051)
At 31 March 2023
238,833
61,823
8,401
24,398
479,303
145,848
Provision for depreciation and impairment
At 01 April 2022
179,616
21,951
4,112
29,422
102,586
21,545
Charge for year
25,931
612
1,072
4,873
10,857
8,517
(12,498)
-
-
(12,498)
-
-
On disposal
At 31 March 2023
193,049
22,563
5,184
21,797
113,443
30,062
At 31 March 2023
Net book value
208,771
32,405
40,026
3,217
1,835
286,254
217,288
30,262
27,962
4,289
2,447
282,248
At 31 March 2022
3. Inventories
2022
2023
£
£
Stocks
2,500
2,500
4. Trade and other receivables
2022
2023
£
£
Trade debtors
465,303
663,672
Other debtors
12,870
12,778
676,450
478,173
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
165,209
311,915
Other creditors
59,493
101,806
224,702
413,721
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7
For the year ended 31 March 2023
Aluminium Marine Consultants Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
32,500
42,500
Bank loans and overdraft (secured)
100,005
108,229
Other creditors
48,875
-
181,380
150,729
7. Average number of persons employed
During the year the average number of employees was 26 (2022 : 23)
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