## **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<br>COST OF SALES<br>GROSS PROFIT<br>ADMINISTRATION EXPENSES<br>OTHER INCOME<br>PROFIT BEFORE TAX|THIS YEAR<br>66,733<br>28,337<br>38,396<br>31,065<br>7,331<br>11<br>7,343|LAST YEAR<br>63,065<br>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<br>TANGIBLE ASSETS<br>CURRENT ASSETS<br>STOCKS<br>CASH AT BANK AND IN HAND<br>DEBTORS<br>PREPAYMENTS<br>CURRENT LIABILITIES<br>CREDITORS<br>ACCURALS<br>NETT CURRENT ASSETS<br>CREDITORS FALLING DUE MORE THAN ONE YEAR<br>TOTAL NETT ASSETS<br>CAPITAL AND RESERVES<br>REVALUATION RESERVE<br>PROFIT AMD LOSS ACCOUNT<br>MEMBERS FUNDS|THIS YEAR<br>212,846<br>50<br>12,932<br>5,720<br>262<br>18,963<br>9,421<br>363<br>9,784<br>9,179<br>7,320<br>214,705<br>140,912<br>73,793<br>214,705|LAST YEAR<br>206,860<br>200<br>12,900<br>6,338<br>217<br>19,655<br>795<br>1,831<br>2,626<br>17,029<br>223,889<br>16,527<br>207,362<br>140,912<br>66,450<br>207,362<br>(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<br>Committee members' remunerations and benefits|2021<br>2,874<br>0|2020<br>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<br>as at 1 January 2021<br>additions<br>as at 31 December 2021<br>DEPRECIATION<br>as at 1 January 2021<br>Charge for the year<br>as at 31 December 2021<br>NETT BOOK VALUE<br>as at 31 December 2021<br>as at 31 December 2020<br>5. CREDITORS AND AMOUNTS FALLING DUE WITHIN ONE<br>Other creditors<br>6. DEBTORS AND PREPAYMENTS<br>Prepayments|Land &<br>Fixtures & Computer<br>Building<br>Fittings<br>Equipment<br>200,000<br>125,052<br>390<br>0<br>8,860<br>0<br>200,000<br>133,912<br>390<br>0<br>118,489<br>93<br>0<br>2,776<br>98<br>0<br>121,265<br>191<br>200,000<br>12,647<br>199<br>200,000<br>6,563<br>297<br>YEAR<br>2021<br>2020<br>9,784<br>250<br>262<br>442|Total<br>325,442<br>8,860|
|---|---|---|
|||334,302|
|||118,582<br>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** 

7. CREDITORS AND AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 

||2021|2020|
|---|---|---|
|Bank Loans|16,105|16,527|



8. 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<br>Profit/( Loss) this year<br>as at 31 December 2021|Revaluation<br>Reserve<br>140,912<br>0<br>140,912|Proft &<br>Loss<br>66,450<br>7,343<br>73,793|Total<br>207,362<br>7,343|
||||214,705|



**PAGE 7** 



## **MARITIME WORKSHOP (THE)** 

## **DETAILED PROFIT AND LOSS ACCOUNT** 

## **FOR THE YEAR ENDED 31 DECEMBER 2021** 

|TURNOVER<br>Sales<br>Cost of Sales<br>Site Cost<br>Subcontractor Costs<br>Gross Profit<br>EXPENDITURE<br>Rent<br>Water Rates<br>Light/Heat<br>Cleaning<br>Repairs and Maintenance<br>Telephone and IT<br>Stationary and printing<br>Travel and subsistence<br>Insurance<br>legal and Professional<br>Accountancy<br>Bank charges<br>Loan Interest<br>Bad debts Recovered<br>Depreciation<br>Sundry Expenses<br>OPERATING PROFIT/(LOSS)<br>INTEREST RECEIVABLE<br>INTEREST RECEIVED<br>NETT PROFIT/(LOSS)|THIS YEAR<br>66,733<br>100.00%<br>66,733<br>100.00%<br>11,710<br>17.55%<br>16,627<br>24.92%<br>28,337<br>42.46%<br>38,396<br>57.54%<br>5,379<br>8.06%<br>713<br>1.07%<br>9,674<br>14.50%<br>3,051<br>4.57%<br>942<br>1.41%<br>1,873<br>2.81%<br>55<br>0.08%<br>0<br>0.00%<br>297<br>0.45%<br>467<br>0.70%<br>265<br>0.40%<br>166<br>0.25%<br>8,777<br>13.15%<br>-3,750<br>-5.62%<br>2,874<br>4.31%<br>283<br>0.42%<br>31,065<br>46.55%<br>7,331<br>10.99%<br>11<br>7,343<br>11.00%<br>0.00<br>PAGE 8|LAST YEAR<br>63,065<br>100.00%<br>63,065<br>100.00%<br>8,549<br>27.52%<br>15,779<br>-27.52%<br>24,328<br>89.41%<br>38,737<br>10.59%<br>4,365<br>4.21%<br>423<br>2.53%<br>7,354<br>2.12%<br>3,477<br>0.96%<br>1,046<br>0.66%<br>2,369<br>0.66%<br>261<br>0.66%<br>325<br>4.17%<br>332<br>0.66%<br>854<br>0.66%<br>1,179<br>0.66%<br>188<br>0.66%<br>0<br>0.66%<br>0<br>0.66%<br>1,533<br>0.66%<br>87<br>3.45%<br>23,792<br>25.38%<br>14,945<br>20<br>14,965<br>-8.71%<br>|VARIANCE<br>3,668<br>5.82%<br>3,668<br>3,161<br>36.97%<br>848<br>5.37%<br>4,009<br>16.48%<br>-341<br>-0.88%<br>1,014<br>23.22%<br>1<br>290<br>68.55%<br>2<br>2,320<br>31.54%<br>3<br>-426<br>-12.25%<br>4<br>-104<br>-9.90%<br>5<br>-496<br>-20.94%<br>6<br>-206<br>-78.93%<br>7<br>-325<br>-100.00%<br>8<br>-35<br>-10.55%<br>9<br>-387<br>-45.32%<br>10<br>-914<br>-77.52%<br>11<br>-22<br>-11.84%<br>12<br>8,777<br>#DIV/0!<br>13<br>-3,750<br>#DIV/0!<br>14<br>1,341<br>87.48%<br>15<br>196<br>225.02%<br>16<br>7,273<br>30.57%<br>-7,614<br>-9<br>-7,622<br>-50.94%|
|---|---|---|---|