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Unaudited Financial Statements for the Year Ended 31 January 2021 |
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Centreline Marine & Joinery Ltd |
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Unaudited Financial Statements for the Year Ended 31 January 2021 |
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for |
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Centreline Marine & Joinery Ltd |
Centreline Marine & Joinery Ltd (Registered number: 06477761) |
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Contents of the Financial Statements |
for the Year Ended 31 January 2021 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Centreline Marine & Joinery Ltd |
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Company Information |
for the Year Ended 31 January 2021 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Unit C Anchor House |
School Lane |
Chandlers ford |
Eastleigh |
Hampshire |
SO53 4DY |
Centreline Marine & Joinery Ltd (Registered number: 06477761) |
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Balance Sheet |
31 January 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 | 21,699 | 30,938 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps 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 Sections 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. |
Centreline Marine & Joinery Ltd (Registered number: 06477761) |
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Balance Sheet - continued |
31 January 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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Centreline Marine & Joinery Ltd (Registered number: 06477761) |
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Notes to the Financial Statements |
for the Year Ended 31 January 2021 |
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1. | STATUTORY INFORMATION |
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Centreline Marine & Joinery Ltd is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the provision of joinery installation services, stated net of VAT and is recognised upon invoicing the customer. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter. |
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Plant and machinery -25% on reducing balance |
Fixtures and fittings - 25% on reducing balance |
Motor vehicles - 25% on reducing balance |
Computer equipment - 20% on cost |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Short-term debtors and creditors |
Debtors and Creditors receivable and payable within one year or on demand are recorded at transaction price whether or not a rate of interest is charged on the balance. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Centreline Marine & Joinery Ltd (Registered number: 06477761) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2021 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 February 2020 |
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Disposals | ( |
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At 31 January 2021 |
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DEPRECIATION |
At 1 February 2020 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 January 2021 |
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NET BOOK VALUE |
At 31 January 2021 |
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At 31 January 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Tax |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade creditors |
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Tax |
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VAT | 13,610 | 9,539 |
Other creditors |
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Directors' current accounts | 30,251 | 19,007 |
Accruals and deferred income |
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Centreline Marine & Joinery Ltd (Registered number: 06477761) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2021 |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
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Ordinary | £1 | 10 | 10 |
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Non Voting A | £1 | 1 | 1 |
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Non Voting B | £1 | 1 | 1 |
12 | 12 |
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8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 January 2021 and 31 January 2020: |
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2021 | 2020 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
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9. | RELATED PARTY DISCLOSURES |
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Included within Other Creditors are the following Director Loan Accounts: |
2020 | 2019 |
£ | £ |
Mr M Moody | 19,006 | 6,837 |
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Mr M Moody is considered the ultimate controlling party by virtue of his majority shareholding in the issued share capital of the reporting entity. |