ATL Marine & Energy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08160887 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2017 TO 31 MARCH 2018

FOR

ATL MARINE & ENERGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I M Bandres Iglesias

D Cesar Marcos

H O I Dent

REGISTERED OFFICE:

4th Floor

145 Leadenhall Street

London

EC3V 4QT

REGISTERED NUMBER:

08160887 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

35,210

42,222

CURRENT ASSETS

Debtors

5

8,544,011

9,953,035

Cash at bank

449,626

1,776,939

8,993,637

11,729,974

CREDITORS

Amounts falling due within one year

6

8,417,640

11,439,312

NET CURRENT ASSETS

575,997

290,662

TOTAL ASSETS LESS CURRENT LIABILITIES

611,207

332,884

CREDITORS

Amounts falling due after more than one year

7

351,256

73,621

NET ASSETS

259,951

259,263

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

159,951

159,263

SHAREHOLDERS' FUNDS

259,951

259,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 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 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 20 December 2018 and were signed on its behalf by:

I M Bandres Iglesias - Director

1.	STATUTORY INFORMATION

ATL Marine & Energy 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.

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

-

33.33% straight line and 20% on reducing balance

Taxation

Taxation for the period 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 period 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.

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.

Client funds

These are held in protected bank accounts and are shown under cash at bank. The premiums due to insurance

companies are included under trade creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2016 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

83,120

Additions

5,988

At 31 March 2018

89,108

DEPRECIATION

At 1 January 2017

40,898

Charge for period

13,000

At 31 March 2018

53,898

NET BOOK VALUE

At 31 March 2018

35,210

At 31 December 2016

42,222

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.12.16

£

£

Trade debtors

8,486,506

9,894,860

Other debtors

57,505

58,175

8,544,011

9,953,035

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.12.16

£

£

Bank loans and overdrafts

38,411

146,250

Trade creditors

8,195,511

10,809,493

Taxation and social security

61,555

64,846

Other creditors

122,163

418,723

8,417,640

11,439,312

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.12.16

£

£

Bank loans

-

73,621

Other creditors

351,256

-

351,256

73,621

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.18

31.12.16

£

£

Within one year

144,000

144,000

Between one and five years

576,000

576,000

In more than five years

144,000

288,000

864,000

1,008,000

9.	RELATED PARTY DISCLOSURES

At the year end there were interest free directors' loans of £14,772 (2016: £74,031).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is I M Bandres Iglesias.