Marine Geology Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10875904 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

MARINE GEOLOGY SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr J G Wiltshire

SECRETARY:

Gibson Whitter Secretaries Limited

REGISTERED OFFICE:

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

REGISTERED NUMBER:

10875904 (England and Wales)

ACCOUNTANTS:

Gibson Whitter

Chartered Accountants

and Chartered Tax Advisers

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

FIXED ASSETS

Tangible assets

4

880

1,369

CURRENT ASSETS

Debtors

5

12,356

-

Cash at bank

43,844

7,955

56,200

7,955

CREDITORS

Amounts falling due within one year

6

15,703

2,597

NET CURRENT ASSETS

40,497

5,358

TOTAL ASSETS LESS CURRENT LIABILITIES

41,377

6,727

PROVISIONS FOR LIABILITIES

7

167

260

NET ASSETS

41,210

6,467

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

41,208

6,465

41,210

6,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director on 29 July 2019 and were signed by:

Mr J G Wiltshire - Director

1.	STATUTORY INFORMATION

Marine Geology Solutions Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

1,641

Additions

81

At 31 March 2019

1,722

DEPRECIATION

At 1 April 2018

272

Charge for year

570

At 31 March 2019

842

NET BOOK VALUE

At 31 March 2019

880

At 31 March 2018

1,369

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

12,297

-

Other debtors

59

-

12,356

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Taxation and social security

14,353

2,457

Other creditors

1,350

140

15,703

2,597

7.	PROVISIONS FOR LIABILITIES

31.3.19

31.3.18

£

£

Deferred tax

167

260

Deferred

tax

£

Balance at 1 April 2018

260

Provided during year

(93

)

Balance at 31 March 2019

167

8.	RELATED PARTY DISCLOSURES

The aggregate amount due to the director at the balance sheet date is £140 (31.3.18 £140)

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J G Wiltshire.