pinacle 6.0
2017.03.01
International Marine Engineering Services Limited
09752864
2016-09-01
2017-08-31
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09752864
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2017-08-31
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2017-08-31
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2017-08-31
09752864
2017-08-31
09752864
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2017-08-31
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2016-08-31
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International Marine Engineering Services Limited
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FILLETED FINANCIAL STATEMENTS
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PERIOD FROM 01 September 2016
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TO 31 AUGUST 2017
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Company Registration Number - 09752864 |
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1. |
International Marine Engineering Limited
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COMPANY NUMBER - 09752864
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Balance sheet as at
31 August 2017
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Notes |
£ |
£ |
£ |
£ |
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Current assets
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Debtors |
4 |
10,000
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|
10,000
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|
|
Cash at bank and in hand |
|
3,585
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4,487
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|
|
|
|
|
|
|
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13,585
|
|
14,487
|
|
Current liabilities
|
|
Creditors - Amounts |
falling due within one year |
5 |
30,084
|
|
18,526
|
|
|
|
|
|
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NET CURRENT LIABILITIES
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|
|
(16,499) |
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(4,039) |
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|
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Total assets less current liabilities
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(16,499) |
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(4,039) |
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|
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|
|
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CAPITAL AND RESERVES
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|
Called up share capital |
6 |
|
100
|
|
100
|
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Profit and Loss account |
|
|
(16,599) |
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(4,139) |
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|
|
|
|
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Shareholders' funds
|
|
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(16,499) |
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(4,039) |
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|
|
|
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These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies. In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.
For the financial period ended 31 August 2017, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
The members have not required the company to obtain an audit.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
Approved by the board of directors on22 January 2018
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and signed on their behalf by: |
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Mr John Barnard
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The notes on pages 2 to 3 form an integral part of these accounts.
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2. |
International Marine Engineering Limited
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Notes to the Financial Statements
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For the period ended 31 August 2017
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1. General Information
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International Marine Engineering Limited is a Private Company, limited by shares, domiciled in England and Wales, registration number 09752864.
The company's registered office is 42 Tangier Road, Baffins, Portsmouth, Hants PO3 6JN.
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2. Accounting policies
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Basis of accounting
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The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
This is the first year in which the financial statements have been prepared under FRS102. Details of the transition to FRS 102 are disclosed in note 7.
Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The average number of persons employed by the company (including directors) during the period was 1 (2016 - 2).
|
2017 |
|
2016 |
|
---- |
|
---- |
|
£ |
|
£ |
4. Debtors
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Due within one year: |
Other debtors |
10,000 |
|
10,000 |
|
|
|
|
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Included in other debtors is an overdrawn current account in respect of Mr J Barnard. The liability under the loan at the beginning and end of the period respectively was £10000 and £10000. The maximum amount of the loan outstanding during the period was £10000.
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3. |
International Marine Engineering Limited
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Notes to the Financial Statements
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For the period ended 31 August 2017
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|
|
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2017 |
|
2016 |
|
---- |
|
---- |
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£ |
|
£ |
5. Creditors
|
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Amounts falling due within one year: |
Taxation and social security |
28,644
|
|
17,086
|
Other creditors |
1,440
|
|
1,440
|
|
|
|
|
|
30,084 |
|
18,526 |
|
|
|
|
|
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6. Called up share capital
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There was no change in share capital during the period.
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Allotted, called up and fully paid |
shares of £1 eachOrdinary
|
100 |
|
100 |
|
|
|
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7. Impact of first year adoption of FRS102
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The accounting policies applied under the company's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or the profit or loss.