MARITIME WORKSHOP (THE)
ANNUAL REPORT AND UNAUDITED ACCOUNTS
YEAR ENDED 31DECEMBER 2021
MARITIME WORKSHOP (THE)
CONTENTS
| PAGE | |||
|---|---|---|---|
| COMPANY INFORMATION | 1 | ||
| REPORT OF THE DIRECTORS | 2 | ||
| PROFIT AND LOSS ACCOUNT | 3 | ||
| BALANCE SHEET | 4 | ||
| NOTES TO FINANCIAL STATEMENTS | 5-7 | ||
| TRADING PROFIT AND LOSS ACCOUNT | 8 |
MARITIME WORKSHOP (THE)
COMPANY INFORMATION AS AT 31 DECEMBER 2021
DIRECTORS; Mr A Diliey Mr I Steele Mr J Kundert COMPANY NUMBER 1827526 (England and Wales) REGISTERED OFFICE 50 Ferrol Road Gosport Hants PO12 4UG ACCOUNTANT Mr J Young 126 Spring Road Sholing Southampton SO19 2QB
PAGE 1
MARITIME WORKSHOP (THE)
YEAR ENDED 31DECEMBER 2021
The accounts have been prepared in accordance with the special provision of part 15 of the Companies Act 2006 relating to small companies and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)
For the year ending 31 December 2021 the company was entitled to exemption from audit, in accordance with sections 475 and 477 of the Companies Act 2006 relating to small companies and no notice has been deposited under Section 476 of the Act with respect to accounting records and the preparation of accounts.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The financial statements were approved by the Board of Directors on
Signed A Dilley Capacity Director Dated 17-Aug-22
The notes form part of these financial statements
PAGE 2
MARITIME WORKSHOP (THE)
PROFIT & LOSS ACCOUNT
YEAR ENDED 31 DECEMBER 2021
| TURNOVER COST OF SALES GROSS PROFIT ADMINISTRATION EXPENSES OTHER INCOME PROFIT BEFORE TAX |
THIS YEAR 66,733 28,337 38,396 31,065 7,331 11 7,343 |
LAST YEAR 63,065 24,328 |
|---|---|---|
| 38,737 | ||
| 23,792 | ||
| 14,945 | ||
| 20 | ||
| 14,965 |
PAGE 3
MARITIME WORKSHOP (THE)
BALANCE SHEET AS AT 31 DECEMBER 2021
| FIXED ASSETS TANGIBLE ASSETS CURRENT ASSETS STOCKS CASH AT BANK AND IN HAND DEBTORS PREPAYMENTS CURRENT LIABILITIES CREDITORS ACCURALS NETT CURRENT ASSETS CREDITORS FALLING DUE MORE THAN ONE YEAR TOTAL NETT ASSETS CAPITAL AND RESERVES REVALUATION RESERVE PROFIT AMD LOSS ACCOUNT MEMBERS FUNDS |
THIS YEAR 212,846 50 12,932 5,720 262 18,963 9,421 363 9,784 9,179 7,320 214,705 140,912 73,793 214,705 |
LAST YEAR 206,860 200 12,900 6,338 217 19,655 795 1,831 2,626 17,029 223,889 16,527 207,362 140,912 66,450 207,362 (0) |
|---|---|---|
The financial statements were approved by the board of committee members on and were signed on its behalf by
Signed Capacity Dated
PAGE 4
MARITIME WORKSHOP (THE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES
ACCOUNTING CONVENTION
The financial statements have been prepared under the historic cost convention
TURNOVER
Turnover represents net invoiced sales of goods and services
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated life.
Fixtures & Fittings 18% on reducing balance Computer Equipment 25% straight line
STOCKS
Stocks are valued at the lower of the cost and net realisable value, after making due allowance for obsolete and slow moving items
Stocks are valued at the lower of the cost and net realisable value, after making due allowance for obselete and slow moving items
2. OPERATING PROFIT/LOSS
The operating profit/loss is stated after charging
| Depreciation Committee members' remunerations and benefits |
2021 2,874 0 |
2020 1533 |
|---|---|---|
| 0 |
PAGE 5
MARITIME WORKSHOP (THE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
3. TAXATION
No liability to UK tax on ordinary business is assumed in the year in line with previous years.
4. TANGIBLE FIXED ASSETS
| COST as at 1 January 2021 additions as at 31 December 2021 DEPRECIATION as at 1 January 2021 Charge for the year as at 31 December 2021 NETT BOOK VALUE as at 31 December 2021 as at 31 December 2020 5. CREDITORS AND AMOUNTS FALLING DUE WITHIN ONE Other creditors 6. DEBTORS AND PREPAYMENTS Prepayments |
Land & Fixtures & Computer Building Fittings Equipment 200,000 125,052 390 0 8,860 0 200,000 133,912 390 0 118,489 93 0 2,776 98 0 121,265 191 200,000 12,647 199 200,000 6,563 297 YEAR 2021 2020 9,784 250 262 442 |
Total 325,442 8,860 |
|---|---|---|
| 334,302 | ||
| 118,582 2,874 |
||
| 121,456 | ||
| 212,846 | ||
| 206,860 | ||
PAGE 6
MARITIME WORKSHOP (THE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- CREDITORS AND AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 2021 | 2020 | |
|---|---|---|
| Bank Loans | 16,105 | 16,527 |
- COMPANY LIMITED BY GUARANTEE
The company is limited by guarantee and has no share capital
Every member of the company undertakes to contribute to the assets of the company. In the event of a winding up, such an amount as may be required not exceeding £1.
9. EMPLOYEES
During the year the average number of employees was 0 (2020: 0)
10. EQUITY
| 10. EQUITY | |||
|---|---|---|---|
| At 1 January 2021 Profit/( Loss) this year as at 31 December 2021 |
Revaluation Reserve 140,912 0 140,912 |
Proft & Loss 66,450 7,343 73,793 |
Total 207,362 7,343 |
| 214,705 |
PAGE 7
MARITIME WORKSHOP (THE)
DETAILED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2021
| TURNOVER Sales Cost of Sales Site Cost Subcontractor Costs Gross Profit EXPENDITURE Rent Water Rates Light/Heat Cleaning Repairs and Maintenance Telephone and IT Stationary and printing Travel and subsistence Insurance legal and Professional Accountancy Bank charges Loan Interest Bad debts Recovered Depreciation Sundry Expenses OPERATING PROFIT/(LOSS) INTEREST RECEIVABLE INTEREST RECEIVED NETT PROFIT/(LOSS) |
THIS YEAR 66,733 100.00% 66,733 100.00% 11,710 17.55% 16,627 24.92% 28,337 42.46% 38,396 57.54% 5,379 8.06% 713 1.07% 9,674 14.50% 3,051 4.57% 942 1.41% 1,873 2.81% 55 0.08% 0 0.00% 297 0.45% 467 0.70% 265 0.40% 166 0.25% 8,777 13.15% -3,750 -5.62% 2,874 4.31% 283 0.42% 31,065 46.55% 7,331 10.99% 11 7,343 11.00% 0.00 PAGE 8 |
LAST YEAR 63,065 100.00% 63,065 100.00% 8,549 27.52% 15,779 -27.52% 24,328 89.41% 38,737 10.59% 4,365 4.21% 423 2.53% 7,354 2.12% 3,477 0.96% 1,046 0.66% 2,369 0.66% 261 0.66% 325 4.17% 332 0.66% 854 0.66% 1,179 0.66% 188 0.66% 0 0.66% 0 0.66% 1,533 0.66% 87 3.45% 23,792 25.38% 14,945 20 14,965 -8.71% |
VARIANCE 3,668 5.82% 3,668 3,161 36.97% 848 5.37% 4,009 16.48% -341 -0.88% 1,014 23.22% 1 290 68.55% 2 2,320 31.54% 3 -426 -12.25% 4 -104 -9.90% 5 -496 -20.94% 6 -206 -78.93% 7 -325 -100.00% 8 -35 -10.55% 9 -387 -45.32% 10 -914 -77.52% 11 -22 -11.84% 12 8,777 #DIV/0! 13 -3,750 #DIV/0! 14 1,341 87.48% 15 196 225.02% 16 7,273 30.57% -7,614 -9 -7,622 -50.94% |
|---|---|---|---|