Subsea Craft Limited - Accounts to registrar (filleted) - small 18.2
Subsea Craft Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Subsea Craft Limited |
Financial Statements for the Year Ended 31st August 2019 |
Subsea Craft Limited (Registered number: 08930367) |
Contents of the Financial Statements |
for the Year Ended 31st August 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Subsea Craft Limited |
Company Information |
for the Year Ended 31st August 2019 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
The Engine House |
77 Station Road |
Petersfield |
Hampshire |
GU32 3FQ |
Subsea Craft Limited (Registered number: 08930367) |
Balance Sheet |
31st August 2019 |
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
Subsea Craft Limited (Registered number: 08930367) |
Balance Sheet - continued |
31st August 2019 |
2019 | 2018 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on signed on its behalf by: |
Subsea Craft Limited (Registered number: 08930367) |
Notes to the Financial Statements |
for the Year Ended 31st August 2019 |
1. | STATUTORY INFORMATION |
Subsea Craft Limited is a |
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 |
The financial statements are prepared on the going concern basis which the directors considers |
appropriate in view of the continuing support of the company's bankers, directors and shareholders. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks and work in progress |
Work in progress relates to production costs. This consists of labour and material costs expended |
during this and previous years. Work in progress is valued at the lower of cost and net realisable |
value. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Subsea Craft Limited (Registered number: 08930367) |
Notes to the Financial Statements - continued |
for the Year Ended 31st August 2019 |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and | Computer |
property | machinery | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1st September 2018 |
Additions |
At 31st August 2019 |
DEPRECIATION |
At 1st September 2018 |
Charge for year |
At 31st August 2019 |
NET BOOK VALUE |
At 31st August 2019 |
At 31st August 2018 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2018 |
£ | £ |
Other creditors |
Loans totalling £4,500,000 included in other creditors have been capitalised as 8% non redeemable |
£1 preference shares after the balance sheet date. |