Poseidon Aquatic Resource Management Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04297215 (England and Wales)

Financial Statements for the Year Ended 30 September 2023

for

Poseidon Aquatic Resource Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T C Huntington

R R Cappell

G G Macfadyen

V Defaux

SECRETARY:

T C Huntington

REGISTERED OFFICE:

Windrush

Warborne Lane

Portmore

Lymington

Hampshire

SO41 5RJ

REGISTERED NUMBER:

04297215 (England and Wales)

ACCOUNTANTS:

CSL Partnership Limited

Chartered Certified Accountants

238 Station Road

Addlestone

Surrey

KT15 2PS

FIXED ASSETS

Property, plant and equipment

4

1,064

1,596

CURRENT ASSETS

Debtors

5

371,402

365,334

Cash at bank

287,218

473,215

658,620

838,549

CREDITORS

Amounts falling due within one year

6

(646,341

)

(826,872

)

NET CURRENT ASSETS

12,279

11,677

TOTAL ASSETS LESS CURRENT LIABILITIES

13,343

13,273

PROVISIONS FOR LIABILITIES

(202

)

(303

)

NET ASSETS

13,141

12,970

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

3,141

2,970

SHAREHOLDERS' FUNDS

13,141

12,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2023 and were signed on its behalf by:

T C Huntington - Director

1.	STATUTORY INFORMATION

Poseidon Aquatic Resource Management Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue

Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

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.

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 1 (2022 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 1 October 2022

and 30 September 2023

1,596

DEPRECIATION

Charge for year

532

At 30 September 2023

532

NET BOOK VALUE

At 30 September 2023

1,064

At 30 September 2022

1,596

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade debtors

255,182

180,373

Other debtors

112,887

184,919

Tax

42

42

VAT

3,291

-

371,402

365,334

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Trade creditors

318,154

347,135

Social security and other taxes

650

-

VAT

-

5,651

Other creditors

2,924

2,287

Sundry creditors & accruals

324,613

471,799

646,341

826,872