Company Registration No. 08166281 (England and Wales)
Automocean Limited
Unaudited accounts
for the year ended 31 August 2018
Automocean Limited
Unaudited accounts
Contents
Automocean Limited
Company Information
for the year ended 31 August 2018
Directors
Mr Christopher Johnson
Mr Nick Pryce
Company Number
08166281 (England and Wales)
Registered Office
8 HILLSIDE DRIVE
BELVIDERE
SHREWSBURY
SHROPSHIRE
SY2 5LW
Accountants
Fresh Clarity Limited
First Floor
Maypole Court
Wem
Shropshire
SY4 5AA
Automocean Limited
Statement of financial position
as at
31 August 2018
Tangible assets
4,166
7,004
Inventories
99,107
56,956
Cash at bank and in hand
185,752
135,102
Creditors: amounts falling due within one year
(79,038)
(67,687)
Net current assets
340,379
257,746
Total assets less current liabilities
344,545
264,750
Provisions for liabilities
Deferred tax
(833)
(2,828)
Net assets
343,712
261,922
Called up share capital
100
100
Profit and loss account
343,612
261,822
Shareholders' funds
343,712
261,922
For the year ending 31 August 2018 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 12 February 2019.
Mr Christopher Johnson
Director
Company Registration No. 08166281
Automocean Limited
Notes to the Accounts
for the year ended 31 August 2018
Automocean Limited is a private company, limited by shares, registered in England and Wales, registration number 08166281. The registered office is 8 HILLSIDE DRIVE, BELVIDERE, SHREWSBURY, SHROPSHIRE, SY2 5LW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
33.33% Straight Line
Automocean Limited
Notes to the Accounts
for the year ended 31 August 2018
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2017
9,822
4,000
5,148
18,970
At 31 August 2018
9,822
4,000
5,438
19,260
At 1 September 2017
5,125
2,491
4,350
11,966
Charge for the year
939
377
1,812
3,128
At 31 August 2018
6,064
2,868
6,162
15,094
At 31 August 2018
3,758
1,132
(724)
4,166
At 31 August 2017
4,697
1,509
798
7,004
Work in progress
99,107
56,956
Trade debtors
122,836
27,716
Accrued income and prepayments
1,556
473
Other debtors
10,166
105,186
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
22,468
6,430
Taxes and social security
52,285
39,775
Loans from directors
3,639
3,451
Automocean Limited
Notes to the Accounts
for the year ended 31 August 2018
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
102,900
10,000
102,900
10,000
9
Average number of employees
During the year the average number of employees was 3 (2017: 3).