Company Registration No. SC403020 (Scotland)
1847 Subsea Engineering Limited
Unaudited accounts
for the year ended 31 March 2020
1847 Subsea Engineering Limited
Unaudited accounts
Contents
1847 Subsea Engineering Limited
Company Information
for the year ended 31 March 2020
Directors
Martin Bell
Alan Robert Christie
Robert Cowman
Richard Knox
Company Number
SC403020 (Scotland)
Registered Office
12-16 Albyn Place
Aberdeen
Aberdeenshire
AB10 1PS
1847 Subsea Engineering Limited
Statement of financial position
as at
31 March 2020
Intangible assets
46,000
46,000
Cash at bank and in hand
135
3,212
Creditors: amounts falling due within one year
(8,067)
(18,672)
Net current liabilities
(6,857)
(9,379)
Total assets less current liabilities
39,143
36,621
Creditors: amounts falling due after more than one year
(41,610)
(36,175)
Net (liabilities)/assets
(2,467)
446
Called up share capital
15
15
Profit and loss account
(2,905)
8
Shareholders' funds
(2,467)
446
For the year ending 31 March 2020 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.
The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2020 and were signed on its behalf by
Richard Knox
Director
Company Registration No. SC403020
1847 Subsea Engineering Limited
Notes to the Accounts
for the year ended 31 March 2020
1847 Subsea Engineering Limited is a private company, limited by shares, registered in Scotland, registration number SC403020. The registered office is 12-16 Albyn Place, Aberdeen, Aberdeenshire, AB10 1PS.
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.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Accrued income and prepayments
-
2,844
Other debtors
1,075
3,237
1847 Subsea Engineering Limited
Notes to the Accounts
for the year ended 31 March 2020
6
Creditors: amounts falling due within one year
2020
2019
Amounts owed to group undertakings and other participating interests
-
5,000
Loans from directors
1,980
1,980
Directors loan was interest free with no fixed repayment term.
7
Creditors: amounts falling due after more than one year
2020
2019
Amounts owed to group undertakings and other participating interests
41,610
36,175
8
Average number of employees
During the year the average number of employees was 0 (2019: 0).