REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 September 2019 |
|
for |
|
Ballast Water Containers Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 30 September 2019 |
|
for |
|
Ballast Water Containers Limited |
Ballast Water Containers Limited (Registered number: SC510968) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 30 September 2019 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Ballast Water Containers Limited |
|
Company Information |
for the Year Ended 30 September 2019 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
145 St Vincent Street |
Glasgow |
G2 5JF |
Ballast Water Containers Limited (Registered number: SC510968) |
|
Balance Sheet |
30 September 2019 |
|
30.9.19 | 30.9.18 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
( |
) |
|
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 Statement of Comprehensive Income has not been delivered. |
|
The financial statements were approved by the Board of Directors on
by: |
|
|
|
|
|
|
|
Ballast Water Containers Limited (Registered number: SC510968) |
|
Notes to the Financial Statements |
for the Year Ended 30 September 2019 |
|
1. | STATUTORY INFORMATION |
|
Ballast Water Containers 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. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
The accounts have been prepared on a going concern basis. One of the directors and other companies of which |
he is the principal shareholder have agreed to continue to support the company. |
|
Financial instruments |
Debtors |
Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any |
irrecoverable amounts when there is objective evidence the asset is impaired. |
|
Cash and cash equivalents |
Cash and cash equivalent in the balance sheet comprise bank and cash in hand. |
|
Creditors |
Trade creditors and other creditors are recognised where the company has a present obligation resulting from a |
past event and are recognised at the settlement amount due after allowing for any trade discounts due. |
|
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. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
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. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
|
Intangible assets - research and development |
Research expenditure is written off as incurred. Development expenditure is also written off, except where the |
directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, |
the identifiable expenditure is capitalised as an intangible asset and amortised over the period during which the |
company is expected to benefit which is ten years. |
Ballast Water Containers Limited (Registered number: SC510968) |
|
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2019 |
|
2. | ACCOUNTING POLICIES - continued |
|
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. |
|
Government grants |
Government grants are recognised based on the accrual model and are measured at fair value of the asset |
received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue |
are recognised in income over the period in which the related costs are recognised. Grants relating to assets are |
recognised over the expected useful life of the asset. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Development |
costs |
£ |
COST |
At 1 October 2018 |
and 30 September 2019 |
|
AMORTISATION |
Amortisation for year |
|
At 30 September 2019 |
|
NET BOOK VALUE |
At 30 September 2019 |
|
At 30 September 2018 |
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.19 | 30.9.18 |
£ | £ |
Other debtors |
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.19 | 30.9.18 |
£ | £ |
Trade creditors | ( |
) |
|
Other creditors |
|
|
|
|