Amberseas Maritime Ltd - Accounts to registrar (filleted) - small 18.1

Amberseas Maritime Ltd - Accounts to registrar (filleted) - small 18.1

AMBERSEAS MARITIME LTD - Company Information

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REGISTERED NUMBER: 08294088 (England and Wales)
















AMBERSEAS MARITIME LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2017





Bland Baker
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY








AMBERSEAS MARITIME LTD (REGISTERED NUMBER: 08294088)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AMBERSEAS MARITIME LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2017







DIRECTORS: D.J. Williams
Mrs M. Williams





REGISTERED OFFICE: Southgate Chambers
37/39 Southgate Street
Winchester
Hampshire
SO23 9EH





REGISTERED NUMBER: 08294088 (England and Wales)





ACCOUNTANTS: Bland Baker
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY
Page 1
AMBERSEAS MARITIME LTD (REGISTERED NUMBER: 08294088)

STATEMENT OF FINANCIAL POSITION
30 DECEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,506 3,885
Investments 5 2,245 2,245
6,751 6,130

CURRENT ASSETS
Debtors 6 9,462 6,764
Cash at bank and in hand 6,738 9,311
16,200 16,075
CREDITORS
Amounts falling due within one year 7 15,304 5,899
NET CURRENT ASSETS 896 10,176
TOTAL ASSETS LESS CURRENT
LIABILITIES
7,647
16,306

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,547 16,206
SHAREHOLDERS' FUNDS 7,647 16,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2017 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 notes form part of these financial statements

Page 2 continued...
AMBERSEAS MARITIME LTD (REGISTERED NUMBER: 08294088)

STATEMENT OF FINANCIAL POSITION - continued
30 DECEMBER 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 11 June 2018 and were signed on its
behalf by:





D.J. Williams - Director


The notes form part of these financial statements

Page 3
AMBERSEAS MARITIME LTD (REGISTERED NUMBER: 08294088)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2017

1. STATUTORY INFORMATION

Amberseas Maritime 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 the provisions of Section 1A "Small Entities" 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 cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Amberseas Maritime Ltd as an individual
company and do not contain consolidated financial information as the parent of a group. The company
has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated
financial statements.

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 - 15% on reducing balance
Computer equipment - 15% on reducing balance

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 statement of financial position date.


Page 4 continued...
AMBERSEAS MARITIME LTD (REGISTERED NUMBER: 08294088)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2017

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 1 ) .

Page 5 continued...
AMBERSEAS MARITIME LTD (REGISTERED NUMBER: 08294088)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 December 2016 6,444
Additions 2,903
Disposals (2,984 )
At 30 December 2017 6,363
DEPRECIATION
At 31 December 2016 2,559
Charge for year 766
Eliminated on disposal (1,468 )
At 30 December 2017 1,857
NET BOOK VALUE
At 30 December 2017 4,506
At 30 December 2016 3,885

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 31 December 2016
and 30 December 2017 2,245
NET BOOK VALUE
At 30 December 2017 2,245
At 30 December 2016 2,245

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 362 -
Other debtors 9,100 6,764
9,462 6,764

Page 6 continued...
AMBERSEAS MARITIME LTD (REGISTERED NUMBER: 08294088)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 383 137
Taxation and social security 1,508 2,300
Other creditors 13,413 3,462
15,304 5,899

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2016 - £1,200) were paid to the directors .

Balance with related party
At 30 December 2017 the company owed the directors the following:
20172016
Mr and Mrs Williams££
Balance due to the directors at end of year10,108108
The loan was unsecured, interest free and repayable on demand.

Page 7