Tony Hole Marine Limited 31/03/2019 iXBRL
Tony Hole Marine Limited 31/03/2019 iXBRL
Company registration number:
4714980
Unaudited filleted financial statements
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Accountants |
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Astor House | ||
2 Alexandra Road | ||
Mutley Plain | ||
Plymouth | ||
PL4 7JR | ||
Statement of financial position
31 March 2019
2019 | 2018 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 4 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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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 |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
06 June 2019
, and are signed on behalf of the board by:
Director
Company registration number:
4714980
Notes to the financial statements
Year ended 31 March 2019
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Plymouth Marine Centre, Pomphlett Quay, Billacombe Road, Plymouth, PL9 7HP.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Impairment
Stocks
Provisions
4.
Tangible assets
Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 April 2018 |
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Disposals | - | - |
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At 31 March 2019 |
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Depreciation | |||||
At 1 April 2018 |
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Charge for the year |
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Disposals | - | - |
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At 31 March 2019 |
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Carrying amount | |||||
At 31 March 2019 |
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At 31 March 2018 |
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5.
Debtors
2019 | 2018 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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6.
Creditors: amounts falling due within one year
2019 | 2018 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Corporation tax | - |
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Social security and other taxes |
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Other creditors |
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7.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
2019 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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2018 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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The director has loaned the company £96,587 at the year end date. This loan is interest free and repayable in less than one year. During the year dividends totalling £75,000 were paid to the directors.
8.
Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value | Balance owed by/(owed to) | ||||
2019 | 2018 | 2019 | 2018 | ||
£ | £ | £ | £ | ||
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98,167 |
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9.
Controlling party
The company is controlled by Mr D Mallett by virtue of his directorship and shareholding.