Company Registration No. 02014088 (England and Wales)
Marine Diesel Services Limited
Unaudited accounts
for the year ended 31 May 2018
Marine Diesel Services Limited
Unaudited accounts
Contents
Marine Diesel Services Limited
Company Information
for the year ended 31 May 2018
Company Number
02014088 (England and Wales)
Registered Office
243A Speke Road
Woolton
LIVERPOOL
Merseyside
L25 0LB
United Kingdom
Marine Diesel Services Limited
Statement of financial position
as at
31 May 2018
Tangible assets
32,123
36,691
Cash at bank and in hand
434,322
509,373
Creditors: amounts falling due within one year
(110,497)
(112,644)
Net current assets
323,825
396,729
Net assets
355,948
433,420
Called up share capital
10,000
10,000
Profit and loss account
345,948
423,420
Shareholders' funds
355,948
433,420
For the year ending 31 May 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 his 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.
Approved by the Board on 13 July 2018.
John Gavin
Director
Company Registration No. 02014088
Marine Diesel Services Limited
Notes to the Accounts
for the year ended 31 May 2018
Marine Diesel Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02014088. The registered office is 243A Speke Road, Woolton, LIVERPOOL, Merseyside, L25 0LB, United Kingdom.
2
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%-Reducing balance basis
Fixtures & fittings
15%-Reducing balance basis
Computer equipment
25%-Reducing balance basis
Other tangible fixed assets
25%-Reducing balance basis
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2017
27,227
17,041
651
908
45,827
At 31 May 2018
27,227
17,041
651
908
45,827
At 1 June 2017
-
8,482
200
454
9,136
Charge for the year
-
4,241
100
227
4,568
At 31 May 2018
-
12,723
300
681
13,704
At 31 May 2018
27,227
4,318
351
227
32,123
At 31 May 2017
27,227
8,559
451
454
36,691
Marine Diesel Services Limited
Notes to the Accounts
for the year ended 31 May 2018
5
Creditors: amounts falling due within one year
2018
2017
Trade creditors
10,800
750
Taxes and social security
56
43
Loans from directors
99,641
111,851
6
Share capital
2018
2017
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
7
Average number of employees
During the year the average number of employees was 0 (2017: 0).