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Aluminium Marine Consultants Limited
Registered Number:06039354
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2022
Aluminium Marine Consultants Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
06039354
As at 31 March 2022
Aluminium Marine Consultants Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
282,248
240,721
2
282,248
240,721
Current assets
Inventories
2,500
2,500
3
Trade and other receivables
269,785
676,450
4
339,804
Cash and cash equivalents
375,112
1,054,062
612,089
Trade and other payables: amounts falling due within one year
(675,163)
(413,721)
5
(63,074)
640,341
Net current assets
Total assets less current liabilities
922,589
177,647
Trade and other payables: amounts falling due after more than one year
(165,217)
(150,729)
6
(326,142)
-
Provisions for liabilities
445,718
Net assets
12,430
Capital and reserves
Called up share capital
2
2
Retained earnings
445,716
12,428
445,718
12,430
Shareholders' funds
For the year ended 31 March 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Nigel John True Director
These financial statements were approved and authorised for issue by the Board on 17 August 2022 and were signed by:
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4
Registered Number :
06039354
For the year ended 31 March 2022
Aluminium Marine Consultants Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2022
Aluminium Marine Consultants Limited
Notes to the Financial Statements
Statutory Information
Aluminium Marine Consultants Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
06039354.
Registered address:
25 Castle Street
East Cowes
Isle of Wight
PO32 6RD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
2 Straight line
Plant and Machinery
25 Reducing balance
25 Reducing balance
Computer Equipment
25 Reducing balance
Motor Vehicles
25 Reducing balance
Furniture and Fittings
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 at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
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6
For the year ended 31 March 2022
Aluminium Marine Consultants Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
Land and Buildings
£
£
£
£
£
£
Cost or valuation
At 01 April 2021
401,220
24,398
3,090
33,351
119,748
220,633
73,144
-
5,311
36,533
13,100
18,200
Additions
-
-
(12,500)
-
-
Disposals
(12,500)
At 31 March 2022
238,833
57,384
8,401
24,398
461,864
132,848
Provision for depreciation and impairment
At 01 April 2021
160,499
21,135
2,683
31,906
92,452
12,323
Charge for year
30,910
816
1,429
9,309
10,134
9,222
(11,793)
-
-
(11,793)
-
-
On disposal
At 31 March 2022
179,616
21,951
4,112
29,422
102,586
21,545
At 31 March 2022
Net book value
217,288
30,262
27,962
4,289
2,447
282,248
208,310
27,296
1,445
407
3,263
240,721
At 31 March 2021
3. Inventories
2021
2022
£
£
Stocks
2,500
2,500
4. Trade and other receivables
2021
2022
£
£
Trade debtors
663,672
214,641
Other debtors
12,778
55,144
269,785
676,450
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
-
110,245
Taxation and social security
311,915
180,055
Other creditors
101,806
384,863
413,721
675,163
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7
For the year ended 31 March 2022
Aluminium Marine Consultants Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
42,500
-
Bank loans and overdraft (secured)
108,229
165,217
150,729
165,217
7. Average number of persons employed
During the year the average number of employees was 23 (2021 : 22)
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