AHT Marine Limited |
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of AHT Marine Limited for the year ended 31 March 2024 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AHT Marine Limited for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance |
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF. |
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Cochrane & Co Accountants Limited |
Chartered Accountants |
38 Kings Road |
Lee-on-the-Solent |
Hampshire |
PO13 9NU |
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6 September 2024 |
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AHT Marine Limited |
Notes to the Accounts |
for the year ended 31 March 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Group accounts |
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The group qualifies as a small group under the companies Act 2006 and has taken advantage of the exemption not to prepare group accounts. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Investment income represents dividends received from the subsidiary company. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
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Cost |
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At 1 April 2023 |
103,910 |
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At 31 March 2024 |
103,910 |
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The company owns 100% of the share capital of Abbey Heat Transfer Limited. It's registered office is Unit 6 Parham Drive Eastleigh Southampton SO50 4NU |
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4 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Other debtors |
2 |
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2 |
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5 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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1,673 |
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- |
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Other creditors |
- |
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13,160 |
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1,673 |
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13,160 |
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6 |
Controlling party |
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The company is controlled by it's directors. |
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7 |
Other information |
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AHT Marine Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Unit 6 Parham Drive |
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Eastleigh |
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Southampton |
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SO50 4NU |