Aqualine Marine Limited - Accounts to registrar (filleted) - small 18.2

Aqualine Marine Limited - Accounts to registrar (filleted) - small 18.2

AQUALINE MARINE LIMITED - Company Information

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REGISTERED NUMBER: 04544308 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2017

for

AQUALINE MARINE LIMITED
AQUALINE MARINE LIMITED (REGISTERED NUMBER: 04544308)






Contents of the Financial Statements
for the year ended 31 December 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AQUALINE MARINE LIMITED

Company Information
for the year ended 31 December 2017







DIRECTOR: J Corker





REGISTERED OFFICE: Hanbury Wharf
Hanbury Road
Droitwich
Worcestershire
WR9 7DU





REGISTERED NUMBER: 04544308 (England and Wales)





ACCOUNTANTS: Neuhoff & Co
Chartered Accountants
Claydons Barns
11 Towcester Road
Whittlebury
Northamptonshire
NN12 8XU
Page 1
AQUALINE MARINE LIMITED (REGISTERED NUMBER: 04544308)

Balance Sheet
31 December 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,808 -
Investments 5 10,000 10,000
19,808 10,000

CURRENT ASSETS
Stocks 237,833 1,666
Debtors 6 224,683 821,920
Cash at bank 398,771 470,777
861,287 1,294,363
CREDITORS
Amounts falling due within one year 7 411,722 820,147
NET CURRENT ASSETS 449,565 474,216
TOTAL ASSETS LESS CURRENT
LIABILITIES
469,373
484,216

PROVISIONS FOR LIABILITIES 1,818 -
NET ASSETS 467,555 484,216

CAPITAL AND RESERVES
Called up share capital 64,326 64,326
Capital redemption reserve 46,785 46,785
Retained earnings 356,444 373,105
SHAREHOLDERS' FUNDS 467,555 484,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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...
AQUALINE MARINE LIMITED (REGISTERED NUMBER: 04544308)

Balance Sheet - continued
31 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 director on 26 October 2018 and were signed by:





J Corker - Director


The notes form part of these financial statements

Page 3
AQUALINE MARINE LIMITED (REGISTERED NUMBER: 04544308)

Notes to the Financial Statements
for the year ended 31 December 2017

1. STATUTORY INFORMATION

Aqualine Marine Limited 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

Page 4 continued...
AQUALINE MARINE LIMITED (REGISTERED NUMBER: 04544308)

Notes to the Financial Statements - continued
for the year ended 31 December 2017

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2017 11,740
Additions 10,250
At 31 December 2017 21,990
DEPRECIATION
At 1 January 2017 11,740
Charge for year 442
At 31 December 2017 12,182
NET BOOK VALUE
At 31 December 2017 9,808

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2017
and 31 December 2017 10,000
NET BOOK VALUE
At 31 December 2017 10,000
At 31 December 2016 10,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Aqualine Marine Sp.z o.o.
Registered office: UL. Rakowiec 11 82-200 Malbork Poland
Nature of business: Boat builders
%
Class of shares: holding
Ordinary 100.00
2017 2016
£    £   
Aggregate capital and reserves 359,307 230,923
Profit for the year 105,863 137,901

Page 5 continued...
AQUALINE MARINE LIMITED (REGISTERED NUMBER: 04544308)

Notes to the Financial Statements - continued
for the year ended 31 December 2017

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 97,058 776,760
Other debtors 127,625 45,160
224,683 821,920

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 169,075 492,738
Taxation and social security 3,380 145,847
Other creditors 239,267 181,562
411,722 820,147

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2016 - £65,000) were paid to the director .

During the year the company acquired goods totalling £1,688,953 (2016 - £1,596,328) from Aqualine Marine
Sp.z o.o , its wholly owned Polish subsidiary. As at 31 December 2017 the amount due from the company to
Aqualine Marine Sp.z o.o was £Nil (2016- £42,497). The company did not make any sales of goods or services
to Aqualine Marine Sp z o.o. in the year. As at 31 December 2017 the company was owed the total sum of £Nil
(2016 - £Nil) by its subsidiary.A deposit payment made by the company for goods supplied from its Polish
subsidiary in January 2018 was outstanding at 31 December 2017 in the sum of £86,786.

Page 6