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Aluminium Marine Consultants Limited
Registered Number:06039354
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
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 2024
Aluminium Marine Consultants Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
336,920
286,254
2
336,920
286,254
Current assets
Inventories
2,500
2,500
3
Trade and other receivables
478,173
164,930
4
56,890
Cash and cash equivalents
274,559
441,989
537,563
Trade and other payables: amounts falling due within one year
(224,702)
(249,419)
5
312,861
192,570
Net current assets
Total assets less current liabilities
529,490
599,115
Trade and other payables: amounts falling due after more than one year
(181,380)
(160,420)
6
(34,980)
(21,460)
Provisions for liabilities
334,090
Net assets
396,275
Capital and reserves
Called up share capital
2
2
Retained earnings
334,088
396,273
334,090
396,275
Shareholders' funds
For the year ended 31 March 2024 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 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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 30 May 2024 and were signed by:
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4
Registered Number :
06039354
For the year ended 31 March 2024
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 2024
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 2024
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 2023
479,303
24,398
8,401
61,823
145,848
238,833
109,275
2,535
-
-
106,740
-
Additions
-
-
(2,000)
-
-
Disposals
(2,000)
At 31 March 2024
238,833
59,823
8,401
26,933
586,578
252,588
Provision for depreciation and impairment
At 01 April 2023
193,049
22,563
5,184
21,797
113,443
30,062
Charge for year
57,610
1,092
804
12,998
34,834
7,882
(1,001)
-
-
(1,001)
-
-
On disposal
At 31 March 2024
249,658
23,655
5,988
33,794
148,277
37,944
At 31 March 2024
Net book value
200,889
104,311
26,029
2,413
3,278
336,920
208,771
32,405
40,026
3,217
1,835
286,254
At 31 March 2023
3. Inventories
2023
2024
£
£
Stocks
2,500
2,500
4. Trade and other receivables
2023
2024
£
£
Trade debtors
132,803
465,303
Other debtors
32,127
12,870
478,173
164,930
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
175,947
165,209
Other creditors
73,472
59,493
249,419
224,702
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7
For the year ended 31 March 2024
Aluminium Marine Consultants Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
22,500
32,500
Bank loans and overdraft (secured)
92,271
100,005
Other creditors
45,649
48,875
160,420
181,380
7. Average number of persons employed
During the year the average number of employees was 30 (2023 : 26)
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