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REGISTERED NUMBER:
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ROMANSET MARINE LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 27 MARCH 2017 TO 31 MARCH 2018 |
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REGISTERED NUMBER:
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ROMANSET MARINE LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 27 MARCH 2017 TO 31 MARCH 2018 |
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ROMANSET MARINE LIMITED (REGISTERED NUMBER: SC561568) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 27 March 2017 to 31 March 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 | to | 3 |
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Notes to the Financial Statements | 4 | to | 6 |
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ROMANSET MARINE LIMITED |
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COMPANY INFORMATION |
for the period 27 March 2017 to 31 March 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Redwood |
19 Culduthel Road |
Inverness |
IV2 4AA |
ROMANSET MARINE LIMITED (REGISTERED NUMBER: SC561568) |
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BALANCE SHEET |
31 March 2018 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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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 ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings - |
distributable |
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SHAREHOLDERS' FUNDS |
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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. |
ROMANSET MARINE LIMITED (REGISTERED NUMBER: SC561568) |
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BALANCE SHEET - continued |
31 March 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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ROMANSET MARINE LIMITED (REGISTERED NUMBER: SC561568) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the period 27 March 2017 to 31 March 2018 |
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1. | STATUTORY INFORMATION |
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Romanset Marine Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements are prepared in sterling, which is the functional currency of the entity. |
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Turnover |
Turnover from marine services and boat charters is measured at the fair value of the consideration |
received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar |
allowances. |
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Tangible fixed assets |
Tangible fixed assets held for the company's own use are stated at cost, being purchase price, less |
accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of fixed |
assets, less their estimated residual value, over their expected useful lives as follows - |
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Plant and machinery | - | 25% on a reducing balance basis |
Office equipment | - | 15% on a reducing balance basis |
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Taxation |
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for |
the current or past reporting periods. It is measured at the amount expected to be paid or recovered |
using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax represents the future tax consequences of transactions and events recognised in the |
financial statements of current and previous periods. It is recognised in respect of all timing differences, |
with certain exceptions. Timing differences are differences between taxable profits and total |
comprehensive income as stated in the financial statements that arise from the inclusion of income and |
expense in tax assessments in periods different from those in which they are recognised in the financial |
statements. 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. |
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Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted |
by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on |
revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates |
and allowances that apply to the sale of the asset. |
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Debtors and creditors receivable/payable within one year |
Debtors and creditors with no stated interest and receivable or payable within one year are recorded at |
transaction price. Any losses arising from impairment are recognised in the profit and loss account in |
other administrative expenses. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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ROMANSET MARINE LIMITED (REGISTERED NUMBER: SC561568) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 27 March 2017 to 31 March 2018 |
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4. | TANGIBLE FIXED ASSETS |
Plant and | Office |
machinery | equipment | Totals |
£ | £ | £ |
COST |
Additions |
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At 31 March 2018 |
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DEPRECIATION |
Charge for period |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
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Other creditors |
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7. | PROVISIONS FOR LIABILITIES |
£ |
Deferred tax |
Accelerated capital allowances |
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Deferred |
tax |
£ |
Provided during period |
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Balance at 31 March 2018 |
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ROMANSET MARINE LIMITED (REGISTERED NUMBER: SC561568) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 27 March 2017 to 31 March 2018 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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ordinary | 1 | 2 |
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the period ended 31 March 2018: |
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£ |
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Balance outstanding at start of period |
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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 period |
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The loan was repaid in full by Mr Ross to the company on 21st May 2018. |
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10. | COMPARATIVE FIGURES |
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As this is the first period of trading there are no comparative figures. |