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REGISTERED NUMBER: 01356272 (England and Wales)















Financial Statements for the Year Ended 30 September 2020

for

ANCHOR MARINE PLASTICS LTD

ANCHOR MARINE PLASTICS LTD (REGISTERED NUMBER: 01356272)






Contents of the Financial Statements
for the Year Ended 30 September 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ANCHOR MARINE PLASTICS LTD

Company Information
for the Year Ended 30 September 2020







DIRECTORS: Mr B Matthews
Mr M Beasley





REGISTERED OFFICE: 1&2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB





REGISTERED NUMBER: 01356272 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

ANCHOR MARINE PLASTICS LTD (REGISTERED NUMBER: 01356272)

Balance Sheet
30 September 2020

30.9.20 30.9.19
Notes £    £   
CURRENT ASSETS
Stocks 7,400 7,400
Debtors 4 548,354 345,160
Cash at bank 368 118
556,122 352,678
CREDITORS
Amounts falling due within one year 5 508,885 314,377
NET CURRENT ASSETS 47,237 38,301
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,237

38,301

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 47,137 38,201
SHAREHOLDERS' FUNDS 47,237 38,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 5 September 2022 and were signed on its behalf by:





Mr B Matthews - Director


ANCHOR MARINE PLASTICS LTD (REGISTERED NUMBER: 01356272)

Notes to the Financial Statements
for the Year Ended 30 September 2020

1. STATUTORY INFORMATION

Anchor Marine Plastics 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2019 - 7 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Trade debtors 36,031 23,212
Amounts owed by group undertakings 512,323 321,948
548,354 345,160

ANCHOR MARINE PLASTICS LTD (REGISTERED NUMBER: 01356272)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Trade creditors 9,183 7,720
Amounts owed to group undertakings 445,743 249,715
Taxation and social security 15,896 18,602
Other creditors 38,063 38,340
508,885 314,377

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.20 30.9.19
value: £    £   
100 Ordinary £100 100 100

7. RESERVES
Retained
earnings
£   

At 1 October 2019 38,201
Profit for the year 8,936
At 30 September 2020 47,137