Company Registration No. 6300159 (England and Wales)
The Embankment Marina (Gravesend) Limited
Unaudited accounts
for the year ended 31 July 2023
The Embankment Marina (Gravesend) Limited
Unaudited accounts
Contents
The Embankment Marina (Gravesend) Limited
Company Information
for the year ended 31 July 2023
Company Number
6300159 (England and Wales)
Registered Office
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Accountants
Clayton Stirling
123 Cross Lane East
Gravesend
Kent
DA12 5HA
The Embankment Marina (Gravesend) Limited
Statement of financial position
as at 31 July 2023
Tangible assets
20,630
42,560
Cash at bank and in hand
59,442
67,935
Creditors: amounts falling due within one year
(17,094)
(64,759)
Net current assets
57,669
17,412
Called up share capital
100
100
Profit and loss account
78,199
59,872
Shareholders' funds
78,299
59,972
For the year ending 31 July 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 September 2023 and were signed on its behalf by
SP Brokenshire
Director
Company Registration No. 6300159
The Embankment Marina (Gravesend) Limited
Notes to the Accounts
for the year ended 31 July 2023
The Embankment Marina (Gravesend) Limited is a private company, limited by shares, registered in England and Wales, registration number 6300159. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance basis
Fixtures & fittings
20% straight line basis
Computer equipment
20% straight line basis
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The Embankment Marina (Gravesend) Limited
Notes to the Accounts
for the year ended 31 July 2023
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
100,701
4,501
1,274
106,476
Disposals
(65,887)
(2,986)
(1,041)
(69,914)
At 31 July 2023
34,814
1,515
2,055
38,384
At 1 August 2022
59,921
3,050
945
63,916
Charge for the year
3,380
308
446
4,134
On disposals
(46,339)
(2,986)
(971)
(50,296)
At 31 July 2023
16,962
372
420
17,754
At 31 July 2023
17,852
1,143
1,635
20,630
At 31 July 2022
40,780
1,451
329
42,560
Amounts falling due within one year
Trade debtors
10,040
8,458
Accrued income and prepayments
5,102
4,932
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
2,151
53,986
Taxes and social security
9,587
6,983
Loans from directors
3,555
2,441
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Average number of employees
During the year the average number of employees was 4 (2022: 3).