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Registered number: 05193643

Universal Maritime Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2022

Prepared By:
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Universal Maritime Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2022
DIRECTORS
G S Litton
SECRETARY
S E Nolte
REGISTERED OFFICE
106 Molesworth Road
Plymouth
Devon
PL3 4AQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05193643
ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Universal Maritime Limited

ACCOUNTS
FOR THEYEARENDED31/12/2022
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Universal Maritime Limited

BALANCE SHEET AT 31/12/2022
20222021
Notes££
FIXED ASSETS
Tangible assets314,84214,332
CURRENT ASSETS
Debtors4165,950211,167
Cash at bank and in hand69,345111,647
235,295322,814
CREDITORS: Amounts falling due within one year5153,431239,433
NET CURRENT ASSETS81,86483,381
TOTAL ASSETS LESS CURRENT LIABILITIES96,70697,713
PROVISIONS FOR LIABILITIES AND CHARGES61,700-
NET ASSETS95,00697,713
CAPITAL AND RESERVES
Called up share capital711
Profit and loss account95,00597,712
SHAREHOLDERS' FUNDS95,00697,713
For the year ending 31/12/2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 01/10/2023 and signed on their behalf by
.............................
G S Litton
Director

Universal Maritime Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Motor Carsreducing balance 25%
2. EMPLOYEES
20222021
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
Plant and
MachineryMotor CarsTotal
£££
Cost
At 01/01/202229,67331,07860,751
Additions5,457-5,457
At 31/12/202235,13031,07866,208
Depreciation
At 01/01/202221,51124,90846,419
For the year3,4051,5424,947
At 31/12/202224,91626,45051,366
Net Book Amounts
At 31/12/202210,2144,62814,842
At 31/12/20218,1626,17014,332

Universal Maritime Limited

4. DEBTORS 20222021
££
Amounts falling due within one year
Trade debtors7,29345,011
UK corporation tax-293
7,29345,304
Amounts falling due over more than one year
Long term debtor158,657165,863
158,657165,863
165,950211,167
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
UK corporation tax7,506-
VAT11,2315,777
Directors current account-5,703
Bank loans and overdrafts-294
Bank Loan34,12144,105
Credit card 1,3002,544
Trade creditors94,27398,092
Other creditors-77,918
Accruals5,0005,000
153,431239,433
6. PROVISIONS FOR LIABILITIES 20222021
££
Deferred taxation1,700-
1,700-

Universal Maritime Limited

7. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11