Company Registration No. 02014088 (England and Wales)
Marine Diesel Services Limited
Unaudited accounts
for the year ended 31 May 2017
Marine Diesel Services Limited
Unaudited accounts
Contents
Marine Diesel Services Limited
Company Information
for the year ended 31 May 2017
Company Number
02014088 (England and Wales)
Registered Office
2A Hotspur Street
Bootle
Liverpool
L20 8BR
Marine Diesel Services Limited
Statement of financial position
as at
31 May 2017
Tangible assets
36,691
41,259
Cash at bank and in hand
509,373
597,974
Creditors: amounts falling due within one year
(112,644)
(123,543)
Net current assets
396,729
474,431
Net assets
433,420
515,690
Called up share capital
10,000
10,000
Profit and loss account
423,420
505,690
Shareholders' funds
433,420
515,690
For the year ending 31 May 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 13 July 2017.
John Gavin
Director
Company Registration No. 02014088
Marine Diesel Services Limited
Notes to the Accounts
for the year ended 31 May 2017
Marine Diesel Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02014088. The registered office and principal place of business is 2A Hotspur Street, Bootle, Liverpool , L20 8BR.
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 May 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25%-Reducing balance basis
Fixtures & fittings
15%-Reducing balance basis
Computer equipment
25%-Reducing balance basis
Other tangible fixed assets
25%-Reducing balance basis
Marine Diesel Services Limited
Notes to the Accounts
for the year ended 31 May 2017
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2016
27,227
17,041
651
908
45,827
At 31 May 2017
27,227
17,041
651
908
45,827
At 1 June 2016
-
4,241
100
227
4,568
Charge for the year
-
4,241
100
227
4,568
At 31 May 2017
-
8,482
200
454
9,136
At 31 May 2017
27,227
8,559
451
454
36,691
At 31 May 2016
27,227
12,800
551
681
41,259
5
Creditors: amounts falling due within one year
2017
2016
Trade creditors
750
1,250
Loans from directors
111,851
122,233
6
Share capital
2017
2016
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
7
Average number of employees
During the year the average number of employees was 0 (2016: 0).