Marine Movies Ltd - Filleted accounts

Registered number

12794851

Marine Movies Ltd

Filleted Accounts

31 August 2023

Marine Movies Ltd
Registered number:		12794851
Balance Sheet
as at 31 August 2023

Notes			2023			2022
£				£
Fixed assets
Tangible assets	3		6,122			7,599

Current assets
Cash at bank and in hand		7			3,916

Creditors: amounts falling due within one year	4	(6,128)			(12,554)

Net current liabilities			(6,121)			(8,638)

Total assets less current liabilities			1			(1,039)

Creditors: amounts falling due after more than one year	5		-			(1,475)



Net assets/(liabilities)			1			(2,514)

Capital and reserves
Called up share capital			1			1
Profit and loss account			-			(2,515)

Shareholders' funds			1			(2,514)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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 accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr R Gunner
Director
Approved by the board on 3 October 2023

Marine Movies Ltd
Notes to the Accounts
for the year ended 31 August 2023


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% Reducing balance basis

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.


2	Employees		2023		2022
Number				Number

	Average number of persons employed by the company		1		1


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 September 2022				12,408
	At 31 August 2023				12,408

	Depreciation
	At 1 September 2022				4,809
	Charge for the year				1,477
	At 31 August 2023				6,286

	Net book value
	At 31 August 2023				6,122
	At 31 August 2022				7,599


4	Creditors: amounts falling due within one year		2023		2022
£				£

	Bank loans and overdrafts		3,680		2,206
	Taxation and social security costs		62		-
	Other creditors		2,386		10,348
			6,128		12,554


5	Creditors: amounts falling due after one year		2023		2022
£				£

	Bank loans		-		1,475


6	Related party transactions

	Mr R Gunner Ordinary dividends of £5,329 (2022 : £Nil ) were paid to Mr Gunner in the period in respect of his share holding in the company.


7	Controlling party

	The company is under the ultimate control of Mr R Gunner by virtue of his majority shareholding.


8	Other information

	Marine Movies Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	35 London Hill
	Rayleigh
	Essex
	SS6 7HW