Trafalgar Marine Technology Limited Micro-entity accounts

Trafalgar Marine Technology Limited Micro-entity accounts

TRAFALGAR MARINE TECHNOLOGY LTD - Company Information

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COMPANY REGISTRATION NUMBER: 07251870
Trafalgar Marine Technology Limited
Filleted Unaudited Financial Statements
31 May 2017
Trafalgar Marine Technology Limited
Financial Statements
Year Ended 31 May 2017
Contents
Page
Officers and Professional Advisers
1
Directors' Report
2
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements
4
Statement of Financial Position and the Notes to the Financial Statements
5
Trafalgar Marine Technology Limited
Officers and Professional Advisers
The Board of Directors
J M Pemberton
A Tucker
M T Alchorne
Registered Office
36 Alder Hill Grove
Chapel Allerton
Leeds
Yorkshire
LS7 2PT
Accountants
Wyatt & Co
Chartered accountant
125 Main Street
Garforth
Leeds
LS25 1AF
Trafalgar Marine Technology Limited
Directors' Report
Year Ended 31 May 2017
The directors present their report and the unaudited financial statements of the company for the year ended 31 May 2017 .
Principal Activities and Business Review
The principal activity of the company during the year was the development of concrete construction systems for marine structures, along with the maintenance and supply of materials for swimming pools. During the year, the company has invested a great deal of time, energy and cost in the development of products, technology and intellectual property in concrete construction systems for marine structures. These developments have been supported by the income from the maintenance and supply of swimming pool products. The company was granted UK Patent No 1514941.2 " A composite structural element " on 22nd June 2016. The company is marketing and further developing this Patent, relating to High Tensile Laminated Ferrocement ( HTLFC ) The company has use of space at Pallion Shipyard Sunderland, where as part of its ongoing development it has acquired a concrete boat and two containers from which to work. Although the company has traded at a loss during the year, there are no liabilities to any outside parties, and the Directors have indicated their willingness to continue to support the company during this developmental phase of its life.
Directors
The directors who served the company during the year were as follows:
J M Pemberton
A Tucker
M T Alchorne
Small Company Provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 28 February 2018 and signed on behalf of the board by:
J M Pemberton
Director
Registered office:
36 Alder Hill Grove
Chapel Allerton
Leeds
Yorkshire
LS7 2PT
Trafalgar Marine Technology Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Trafalgar Marine Technology Limited
Year Ended 31 May 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trafalgar Marine Technology Limited for the year ended 31 May 2017, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Trafalgar Marine Technology Limited, as a body, in accordance with the terms of our engagement letter dated 25 February 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Trafalgar Marine Technology Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trafalgar Marine Technology Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Trafalgar Marine Technology Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Trafalgar Marine Technology Limited. You consider that Trafalgar Marine Technology Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Trafalgar Marine Technology Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Wyatt & Co
125 Main Street Chartered accountant Garforth Leeds LS25 1AF
28 February 2018
Trafalgar Marine Technology Limited
Statement of Financial Position
31 May 2017
2017
2016
£
£
£
Fixed assets
9,045
6,468
--------
--------
Current assets
12
2,726
Creditors: amounts falling due within one year
82,534
66,275
---------
---------
Net Current Liabilities
82,522
63,549
---------
---------
Total Assets Less Current Liabilities
( 73,477)
( 57,081)
---------
---------
Capital and reserves
( 73,477)
( 57,081)
---------
---------
Notes to the Financial Statements
1. Directors' Advances, Credits and Guarantees
During the year, the director provided a loan to the company. The opening balance was £66,274 and the closing and highest balance was £82,534. The loan was interest free and repayable on demand.
For the year ending 31 May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 28 February 2018 , and are signed on behalf of the board by:
J M Pemberton
Director
Company registration number: 07251870
The company is a private company limited by shares, registered in England and Wales.