International Marine Planning Limited 08568972 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is that of providing ship-repair yards representation services. Digita Accounts Production Advanced 6.30.9574.0 true 08568972 2022-07-01 2023-06-30 08568972 2023-06-30 08568972 core:RetainedEarningsAccumulatedLosses 2023-06-30 08568972 core:ShareCapital 2023-06-30 08568972 core:CurrentFinancialInstruments 2023-06-30 08568972 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 08568972 bus:SmallEntities 2022-07-01 2023-06-30 08568972 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 08568972 bus:FullAccounts 2022-07-01 2023-06-30 08568972 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 08568972 bus:RegisteredOffice 2022-07-01 2023-06-30 08568972 bus:Director5 2022-07-01 2023-06-30 08568972 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08568972 core:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 08568972 core:ShareCapital 2022-07-01 2023-06-30 08568972 countries:AllCountries 2022-07-01 2023-06-30 08568972 2022-06-30 08568972 core:RetainedEarningsAccumulatedLosses 2022-06-30 08568972 core:ShareCapital 2022-06-30 08568972 2021-07-01 2022-06-30 08568972 2022-06-30 08568972 core:RetainedEarningsAccumulatedLosses 2022-06-30 08568972 core:ShareCapital 2022-06-30 08568972 core:CurrentFinancialInstruments 2022-06-30 08568972 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 08568972 core:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 08568972 core:ShareCapital 2021-07-01 2022-06-30 08568972 2021-06-30 08568972 core:RetainedEarningsAccumulatedLosses 2021-06-30 08568972 core:ShareCapital 2021-06-30 iso4217:GBP xbrli:pure

Registration number: 08568972

International Marine Planning Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

International Marine Planning Limited

Contents

Balance Sheet

1

Statement of Changes in Equity

2

Notes to the Unaudited Financial Statements

3 to 5

 

International Marine Planning Limited

(Registration number: 08568972)
Balance Sheet as at 30 June 2023

Note

2023

2022

Current assets

 

Debtors

4

43,083

29,603

Cash at bank and in hand

 

5,993

10,798

 

49,076

40,401

Creditors: Amounts falling due within one year

5

(16,514)

(31,492)

Net assets

 

32,562

8,909

Capital and reserves

 

Called up share capital

11,683

11,683

Retained earnings

20,879

(2,774)

Shareholders' funds

 

32,562

8,909

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 March 2024
 

.........................................
N R Hogan
Director

 

International Marine Planning Limited

Statement of Changes in Equity for the Year Ended 30 June 2023

Share capital

Retained earnings

Total

At 1 July 2022

11,683

(2,774)

8,909

Profit for the year

-

23,653

23,653

At 30 June 2023

11,683

20,879

32,562

Share capital

Retained earnings

Total

At 1 July 2021

11,683

2,913

14,596

Loss for the year

-

(687)

(687)

Dividends

-

(5,000)

(5,000)

At 30 June 2022

11,683

(2,774)

8,909

 

International Marine Planning Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
5th Floor North Side
7/10 Chandos Street
Cavendish Square
London
United Kingdom
W1G 9DQ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable net of Vat and sales discounts.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

International Marine Planning Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

International Marine Planning Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Debtors

Current

2023

2022

Trade debtors

38,401

17,126

Prepayments

2,204

2,206

Other debtors

2,478

10,271

 

43,083

29,603

5

Creditors

Creditors: amounts falling due within one year

2023

2022

Due within one year

Trade creditors

(11,599)

-

Accruals and deferred income

16,614

19,643

Other creditors

11,499

11,849

16,514

31,492