Company Registration No. 02014088 (England and Wales)
Marine Diesel Services Limited
Unaudited accounts
for the year ended 31 May 2020
Marine Diesel Services Limited
Unaudited accounts
Contents
Marine Diesel Services Limited
Company Information
for the year ended 31 May 2020
Company Number
02014088 (England and Wales)
Registered Office
243A Speke Road
Woolton
LIVERPOOL
Merseyside
L25 0LB
United Kingdom
Marine Diesel Services Limited
Statement of financial position
as at
31 May 2020
Tangible assets
264
32,123
Cash at bank and in hand
287,402
348,313
Creditors: amounts falling due within one year
(76,115)
(94,859)
Net current assets
211,287
253,454
Net assets
211,551
285,577
Called up share capital
10,000
10,000
Profit and loss account
201,551
275,577
Shareholders' funds
211,551
285,577
For the year ending 31 May 2020 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.
The financial statements were approved by the Board and authorised for issue on 14 July 2020 and were signed on its behalf by
John Gavin
Director
Company Registration No. 02014088
Marine Diesel Services Limited
Notes to the Accounts
for the year ended 31 May 2020
Marine Diesel Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02014088. The registered office is 243A Speke Road, Woolton, LIVERPOOL, Merseyside, L25 0LB, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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
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 2019
27,227
17,041
651
908
45,827
Disposals
(27,227)
(17,041)
-
-
(44,268)
At 31 May 2020
-
-
651
1,445
2,096
At 1 June 2019
-
12,723
300
681
13,704
Charge for the year
-
-
351
500
851
On disposals
-
(12,723)
-
-
(12,723)
At 31 May 2020
-
-
651
1,181
1,832
At 31 May 2020
-
-
-
264
264
At 31 May 2019
27,227
4,318
351
227
32,123
Marine Diesel Services Limited
Notes to the Accounts
for the year ended 31 May 2020
5
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
990
183
Loans from directors
74,325
93,876
6
Share capital
2020
2019
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 (2019: 0).