Company Registration No. SC330724 (Scotland)
FORTH VALLEY MARINE LTD.
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
FORTH VALLEY MARINE LTD.
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
FORTH VALLEY MARINE LTD.
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
659
985
Current assets
Debtors
4
486
38,037
Cash at bank and in hand
97,884
115,539
98,370
153,576
Creditors: amounts falling due within one year
5
(2,238)
(34,550)
Net current assets
96,132
119,026
Net assets
96,791
120,011
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
96,691
119,911
Total equity
96,791
120,011

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 22 August 2022
Mr M Campbell-Roddis
Director
Company Registration No. SC330724
FORTH VALLEY MARINE LTD.
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2022
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 April 2020
100
77,955
78,055
Year ended 31 March 2021:
Profit and total comprehensive income for the year
-
100,956
100,956
Dividends
-
(59,000)
(59,000)
Balance at 31 March 2021
100
119,911
120,011
Year ended 31 March 2022:
Loss and total comprehensive income for the year
-
(2,220)
(2,220)
Dividends
-
(21,000)
(21,000)
Balance at 31 March 2022
100
96,691
96,791
FORTH VALLEY MARINE LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
1
Accounting policies
Company information

Forth Valley Marine Ltd. is a private company limited by shares incorporated in Scotland. The registered office is 1 Pont Crescent, Dunblane, Perthshire, United Kingdom, FK15 0FJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover consists of the sales value, excluding VAT, of work in the period under contracts to supply services to third parties. It includes the relevant proportion of contract value for performance up to the period end.

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.4
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

FORTH VALLEY MARINE LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1
Accounting policies
(Continued)
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 0 (2021 - 0).

2022
2021
Number
Number
Total
-
-
0
3
Tangible fixed assets
Computers
£
Cost
At 1 April 2021 and 31 March 2022
3,190
Depreciation and impairment
At 1 April 2021
2,205
Depreciation charged in the year
326
At 31 March 2022
2,531
Carrying amount
At 31 March 2022
659
At 31 March 2021
985
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
-
0
13,655
Other debtors
486
24,382
486
38,037
FORTH VALLEY MARINE LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 5 -
5
Creditors: amounts falling due within one year
2022
2021
£
£
Corporation tax
-
0
23,638
Other taxation and social security
-
0
7,394
Other creditors
738
228
Accruals and deferred income
1,500
3,290
2,238
34,550
2022-03-312021-04-01false22 August 2022CCH SoftwareCCH Accounts Production 2022.100No description of principal activityMr M Campbell-RoddisMrs K Campbell-RoddisSC3307242021-04-012022-03-31SC3307242022-03-31SC3307242021-03-31SC330724core:ComputerEquipment2022-03-31SC330724core:ComputerEquipment2021-03-31SC330724core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-31SC330724core:CurrentFinancialInstrumentscore:WithinOneYear2021-03-31SC330724core:CurrentFinancialInstruments2022-03-31SC330724core:CurrentFinancialInstruments2021-03-31SC330724core:ShareCapital2022-03-31SC330724core:ShareCapital2021-03-31SC330724core:RetainedEarningsAccumulatedLosses2022-03-31SC330724core:RetainedEarningsAccumulatedLosses2021-03-31SC330724core:ShareCapital2020-03-31SC330724core:RetainedEarningsAccumulatedLosses2020-03-31SC3307242020-03-31SC330724bus:Director12021-04-012022-03-31SC330724core:RetainedEarningsAccumulatedLosses2020-04-012021-03-31SC3307242020-04-012021-03-31SC330724core:RetainedEarningsAccumulatedLosses2021-04-012022-03-31SC330724core:ComputerEquipment2021-04-012022-03-31SC330724core:ComputerEquipment2021-03-31SC330724bus:PrivateLimitedCompanyLtd2021-04-012022-03-31SC330724bus:SmallCompaniesRegimeForAccounts2021-04-012022-03-31SC330724bus:FRS1022021-04-012022-03-31SC330724bus:AuditExemptWithAccountantsReport2021-04-012022-03-31SC330724bus:CompanySecretary12021-04-012022-03-31SC330724bus:FullAccounts2021-04-012022-03-31xbrli:purexbrli:sharesiso4217:GBP