Company Registration No. 09288863 (England and Wales)
MARINE UNIVERSAL SERVICES LTD
Unaudited accounts
for the year ended 31 October 2017
MARINE UNIVERSAL SERVICES LTD
Unaudited accounts
Contents
MARINE UNIVERSAL SERVICES LTD
Company Information
for the year ended 31 October 2017
Company Number
09288863 (England and Wales)
Registered Office
1 STRAITS PARADE
BRISTOL
BS16 2LA
UNITED KINGDOM
MARINE UNIVERSAL SERVICES LTD
Statement of financial position
as at
31 October 2017
Cash at bank and in hand
177,986
74,580
Creditors: amounts falling due within one year
(2,173,647)
(71,817)
Net current assets
113,247
12,763
Net assets
113,247
12,763
Called up share capital
10,000
10,000
Profit and loss account
103,247
2,763
Shareholders' funds
113,247
12,763
For the year ending 31 October 2017 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 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 22 May 2018.
NEIL YOUNG
Director
Company Registration No. 09288863
MARINE UNIVERSAL SERVICES LTD
Notes to the Accounts
for the year ended 31 October 2017
MARINE UNIVERSAL SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 09288863. The registered office is 1 STRAITS PARADE, BRISTOL, BS16 2LA, 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.
These financial statements for the year ended 31 October 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Trade debtors
1,488,528
-
Other debtors
12,257
10,000
MARINE UNIVERSAL SERVICES LTD
Notes to the Accounts
for the year ended 31 October 2017
6
Creditors: amounts falling due within one year
2017
2016
Trade creditors
2,140,296
61,982
Taxes and social security
24,207
691
Other creditors
9,144
9,144
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Average number of employees
During the year the average number of employees was 0 (2016: 0).