|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
MEGA YACHT SOLUTIONS LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30 APRIL 2018 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
MEGA YACHT SOLUTIONS LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30 APRIL 2018 |
|
|
|
|
|
MEGA YACHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07130382) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abridged Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
MEGA YACHT SOLUTIONS LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2018 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
7 Sandy Court |
Ashleigh Way |
Langage Business Park |
Plymouth |
Devon |
PL7 5JX |
MEGA YACHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07130382) |
|
ABRIDGED BALANCE SHEET |
30 APRIL 2018 |
|
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
|
|
|
CURRENT ASSETS |
Debtors |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their 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. |
|
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
MEGA YACHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07130382) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2018 |
|
1. | STATUTORY INFORMATION |
|
Mega Yacht Solutions Limited is a
|
registered number and registered office address can be found on the Company Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | STATEMENT OF COMPLIANCE |
|
|
|
3. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
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. |
|
Turnover |
Turnover represent the total invoice value excluding VAT, of invoices raised in relation to commissions from yacht charting |
services, yacht management and repair, refit and construction services. |
|
Tangible fixed assets |
|
Fixtures and fittings | - |
|
Computer equipment | - |
|
|
Impairment of assets |
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have |
suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset |
is estimated and compared with its carrying amount. If the estimated carrying amount is lower, the carrying amount is |
reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss. |
|
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its |
recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been |
recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss. |
|
Debtors |
Short term debtors are measured at transaction price, less any impairment. |
|
Creditors |
Short term creditors are measured at the transaction price. |
|
Taxation |
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past |
reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date. |
|
Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. |
|
Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of |
deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a |
fixed asset have been met, the deferred tax is reversed. |
|
Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting |
date that are expected to apply to the reversal of the timing difference. |
|
The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the |
transaction that resulted in the tax expense (income). |
MEGA YACHT SOLUTIONS LIMITED (REGISTERED NUMBER: 07130382) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2018 |
|
3. | ACCOUNTING POLICIES - continued |
|
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 of exchange ruling at the date of transaction. |
Exchange differences are taken into account in arriving at the operating result. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme |
are charged to profit or loss in the period to which they relate. |
|
4. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 May 2017 |
and 30 April 2018 |
|
DEPRECIATION |
At 1 May 2017 |
|
Charge for year |
|
At 30 April 2018 |
|
NET BOOK VALUE |
At 30 April 2018 |
|
At 30 April 2017 |
|