Company Registration No. 08418011 (England and Wales)
Marine Diesel Engineering Limited
Unaudited accounts
for the year ended 31 December 2020
Marine Diesel Engineering Limited
Unaudited accounts
Contents
Marine Diesel Engineering Limited
Company Information
for the year ended 31 December 2020
Company Number
08418011 (England and Wales)
Registered Office
Elm Cottage
Ramsbrook Lane, Hale Village
Liverpool
Merseyside
L24 5RL
Marine Diesel Engineering Limited
Statement of financial position
as at
31 December 2020
Tangible assets
109,019
117,556
Cash at bank and in hand
145,600
136,027
Creditors: amounts falling due within one year
(170,751)
(163,685)
Net current liabilities
(25,151)
(23,372)
Called up share capital
100
100
Profit and loss account
83,768
94,084
Shareholders' funds
83,868
94,184
For the year ending 31 December 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 24 May 2021 and were signed on its behalf by
Mr I Gavin
Director
Company Registration No. 08418011
Marine Diesel Engineering Limited
Notes to the Accounts
for the year ended 31 December 2020
Marine Diesel Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 08418011. The registered office is Elm Cottage, Ramsbrook Lane, Hale Village, Liverpool, Merseyside, L24 5RL.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15%- straight line basis
Motor vehicles
25%- reducing balance basis
Fixtures & fittings
15%-straight line basis
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2020
78,251
21,370
75,194
5,832
180,647
At 31 December 2020
78,251
21,370
75,194
5,832
180,647
At 1 January 2020
-
15,928
42,523
4,640
63,091
Charge for the year
-
850
7,687
-
8,537
At 31 December 2020
-
16,778
50,210
4,640
71,628
At 31 December 2020
78,251
4,592
24,984
1,192
109,019
At 31 December 2019
78,251
5,442
32,671
1,192
117,556
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Debtors: amounts falling due within one year
2020
2019
Accrued income and prepayments
-
4,286
Marine Diesel Engineering Limited
Notes to the Accounts
for the year ended 31 December 2020
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
22,341
15,262
Other creditors
145,910
132,600
7
Average number of employees
During the year the average number of employees was 6 (2019: 6).