Tony Hole Marine Limited 31/03/2020 iXBRL
Tony Hole Marine Limited 31/03/2020 iXBRL
Company registration number:
4714980
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
|
|
|
||
Secretary |
|
|
Company number |
|
|
Registered office |
|
|
|
||
|
||
|
||
|
||
Accountants |
|
|
Astor House | ||
2 Alexandra Road | ||
Mutley Plain | ||
Plymouth | ||
PL4 7JR | ||
Statement of financial position
31 March 2020
2020 | 2019 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 | - |
|
||||||
_______ | _______ | ||||||||
- |
|
||||||||
Current assets | |||||||||
Stocks | - |
|
|||||||
Debtors | 6 |
|
|
||||||
Cash at bank and in hand |
|
|
|||||||
_______ | _______ | ||||||||
|
|
||||||||
Creditors: amounts falling due | |||||||||
within one year | 7 |
(
|
(
|
||||||
_______ | _______ | ||||||||
Net current assets |
|
|
|||||||
_______ | _______ | ||||||||
Total assets less current liabilities |
|
|
|||||||
Provisions for liabilities | - |
(
|
|||||||
_______ | _______ | ||||||||
Net assets |
|
|
|||||||
_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
|
|
|||||||
Profit and loss account |
|
|
|||||||
_______ | _______ | ||||||||
Shareholders funds |
|
|
|||||||
_______ | _______ | ||||||||
Directors responsibilities:
-
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;
-
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
30 October 2020
, and are signed on behalf of the board by:
Director
Company registration number:
4714980
Notes to the financial statements
Year ended 31 March 2020
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 | - |
|
|
|
Fittings fixtures and equipment | - |
|
|
|
Motor vehicles | - |
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Provisions
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2019:
2
).
5.
Tangible assets
Plant and machinery | Fixtures, fittings and equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 April 2019 |
|
|
|
|
Disposals |
(
|
(
|
(
|
|
_______ | _______ | _______ | ||
At 31 March 2020 | - | - | - | |
_______ | _______ | _______ | ||
Depreciation | ||||
At 1 April 2019 |
|
|
|
|
Charge for the year |
|
|
|
|
Disposals |
(
|
(
|
(
|
|
_______ | _______ | _______ | ||
At 31 March 2020 | - | - | - | |
_______ | _______ | _______ | ||
Carrying amount | ||||
At 31 March 2020 | - | - | - | |
_______ | _______ | _______ | ||
At 31 March 2019 |
|
|
|
|
_______ | _______ | _______ | ||
6.
Debtors
2020 | 2019 | |||
£ | £ | |||
Trade debtors | - |
|
||
Other debtors |
|
|
||
_______ | _______ | |||
|
|
|||
_______ | _______ | |||
7.
Creditors: amounts falling due within one year
2020 | 2019 | |||
£ | £ | |||
Bank loans and overdrafts | - |
|
||
Trade creditors |
(
|
|
||
Social security and other taxes |
|
|
||
Other creditors |
|
|
||
_______ | _______ | |||
|
|
|||
_______ | _______ | |||
8.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
2020 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
|
(
|
|
(
|
- | |
|
- |
|
(
|
- | |
_______ | _______ | _______ | _______ | ||
(
|
|
(
|
- | ||
_______ | _______ | _______ | _______ | ||
2019 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
|
(
|
|
(
|
(
|
|
|
- |
|
(
|
- | |
_______ | _______ | _______ | _______ | ||
(
|
|
(
|
(
|
||
_______ | _______ | _______ | _______ | ||
During the year dividends totalling £2,353 were paid to the directors.
9.
Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value | Balance owed by/(owed to) | ||||
2020 | 2019 | 2020 | 2019 | ||
£ | £ | £ | £ | ||
|
|
(
|
|
|
|
_______ | _______ | _______ | _______ | ||
The company is related to Plymouth Marine Ltd having the same directors and shareholders. Funds are transferred from one to the other for cash flow purposes. The company also paid Plymouth Marine Ltd management charges of £70,000 (2019 - £250,000) for the year.
10.
Controlling party
The company is controlled by
Mr D Mallett
by virtue of his directorship and shareholding.