HCH MARINE LIMITED


HCH MARINE LIMITED

Company Registration Number:
03326791 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

HCH MARINE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

HCH MARINE LIMITED

Balance sheet

As at 31 March 2018


Notes

2018

2017


£

£
Fixed assets
Tangible assets: 2 247,694 228,704
Total fixed assets: 247,694 228,704
Current assets
Stocks: 2,000 2,300
Debtors:   110,665 136,354
Cash at bank and in hand: 825,996 765,204
Total current assets: 938,661 903,858
Creditors: amounts falling due within one year:   (64,138) (118,505)
Net current assets (liabilities): 874,523 785,353
Total assets less current liabilities: 1,122,217 1,014,057
Total net assets (liabilities): 1,122,217 1,014,057
Capital and reserves
Called up share capital: 500 500
Revaluation reserve:349,32049,320
Profit and loss account: 1,072,397 964,237
Shareholders funds: 1,122,217 1,014,057

The notes form part of these financial statements

HCH MARINE LIMITED

Balance sheet statements

For the year ending 31 March 2018 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 October 2018
and signed on behalf of the board by:

Name: D Howard
Status: Director

The notes form part of these financial statements

HCH MARINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the value of lighterage and mooring services net of value added tax

Tangible fixed assets and depreciation policy

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset over its expected useful life The reducing balance method was used at the following rates Tugs barges and other vessels Twenty per cent per annum Motor vehicle Twenty five per cent per annum No depreciation has been charged on the freehold property as no diminution is expected in the value of that asset

HCH MARINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Tangible Assets

Total
Cost £
At 01 April 2017 984,611
Additions 27,300
At 31 March 2018 1,011,911
Depreciation
At 01 April 2017 755,907
Charge for year 8,310
At 31 March 2018 764,217
Net book value
At 31 March 2018 247,694
At 31 March 2017 228,704

HCH MARINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Revaluation reserve

2018
£
Balance at 01 April 2017 49,320
Surplus or deficit after revaluation 0
Balance at 31 March 2018 49,320

HCH MARINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Related party transactions

Related party transactionControlling partyDavid Howard the director together with members of his close family controls the company by virtue of a holding of one hundred per cent of the issued ordinary share capital