Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-222023-05-192023-05-31true2022-06-01falseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC188306 2022-06-01 2023-05-31 SC188306 2021-06-01 2022-05-31 SC188306 2023-05-31 SC188306 2022-05-31 SC188306 c:Director1 2022-06-01 2023-05-31 SC188306 c:Director1 2023-05-31 SC188306 c:Director2 2022-06-01 2023-05-31 SC188306 c:Director2 2023-05-31 SC188306 c:Director3 2022-06-01 2023-05-31 SC188306 c:Director3 2023-05-31 SC188306 c:RegisteredOffice 2022-06-01 2023-05-31 SC188306 d:PlantMachinery 2022-06-01 2023-05-31 SC188306 d:PlantMachinery 2023-05-31 SC188306 d:PlantMachinery 2022-05-31 SC188306 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 SC188306 d:MotorVehicles 2022-06-01 2023-05-31 SC188306 d:MotorVehicles 2023-05-31 SC188306 d:MotorVehicles 2022-05-31 SC188306 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 SC188306 d:FurnitureFittings 2022-06-01 2023-05-31 SC188306 d:FurnitureFittings 2023-05-31 SC188306 d:FurnitureFittings 2022-05-31 SC188306 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 SC188306 d:OfficeEquipment 2022-06-01 2023-05-31 SC188306 d:OfficeEquipment 2023-05-31 SC188306 d:OfficeEquipment 2022-05-31 SC188306 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 SC188306 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 SC188306 d:CurrentFinancialInstruments 2023-05-31 SC188306 d:CurrentFinancialInstruments 2022-05-31 SC188306 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 SC188306 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 SC188306 d:ShareCapital 2023-05-31 SC188306 d:ShareCapital 2022-05-31 SC188306 d:RetainedEarningsAccumulatedLosses 2023-05-31 SC188306 d:RetainedEarningsAccumulatedLosses 2022-05-31 SC188306 c:OrdinaryShareClass1 2022-06-01 2023-05-31 SC188306 c:OrdinaryShareClass1 2023-05-31 SC188306 c:OrdinaryShareClass1 2022-05-31 SC188306 c:FRS102 2022-06-01 2023-05-31 SC188306 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 SC188306 c:FullAccounts 2022-06-01 2023-05-31 SC188306 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 SC188306 2 2022-06-01 2023-05-31 SC188306 6 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC188306










MARINE SUPPORT (TAYSIDE) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

 
MARINE SUPPORT (TAYSIDE) LIMITED
 

COMPANY INFORMATION


DIRECTORS
Andrew Leslie (appointed 22 March 2023)
James Leslie (appointed 22 May 2023)
Sarah Leslie (appointed 19 May 2023)




REGISTERED NUMBER
SC188306



REGISTERED OFFICE
8b Ellieslea Road

Broughty Ferry

DD5 1JH




ACCOUNTANTS
EQ Accountants LLP
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
MARINE SUPPORT (TAYSIDE) LIMITED
REGISTERED NUMBER: SC188306

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
£
£

FIXED ASSETS
  

Tangible assets
 4 
8,963
14,740

  
8,963
14,740

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
674,728
658,028

Cash at bank and in hand
  
160,511
162,565

  
835,239
820,593

Creditors: amounts falling due within one year
 6 
(4,163)
(1,163)

NET CURRENT ASSETS
  
 
 
831,076
 
 
819,430

TOTAL ASSETS LESS CURRENT LIABILITIES
  
840,039
834,170

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
-
(1,747)

  
 
 
-
 
 
(1,747)

NET ASSETS
  
840,039
832,423


CAPITAL AND RESERVES
  

Called up share capital 
  
2
2

Profit and loss account
  
840,037
832,421

  
840,039
832,423


Page 1

 
MARINE SUPPORT (TAYSIDE) LIMITED
REGISTERED NUMBER: SC188306

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 September 2023.



Andrew Leslie
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MARINE SUPPORT (TAYSIDE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


GENERAL INFORMATION

Marine Support (Tayside) Limited is a pivate limited company limited by shares incorporated in Scotland with registration number SC188306. The registered office is 8B Ellieslea Road, Broughty Ferry, Dundee, DD5 1JH, this is also principal place of business.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
MARINE SUPPORT (TAYSIDE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
Motor vehicles
-
Fixtures and fittings
-
Office equipment
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

VALUATION OF INVESTMENTS

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 4

 
MARINE SUPPORT (TAYSIDE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

PROVISIONS FOR LIABILITIES

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.8

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 3 (2022 -3).

Page 5

 
MARINE SUPPORT (TAYSIDE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



COST OR VALUATION


At 1 June 2022
337,110
97,628
12,187
6,837
453,762


Disposals
-
(16,264)
-
-
(16,264)



At 31 May 2023

337,110
81,364
12,187
6,837
437,498



DEPRECIATION


At 1 June 2022
328,039
91,959
12,187
6,837
439,022


Charge for the year on owned assets
3,887
1,890
-
-
5,777


Disposals
-
(16,264)
-
-
(16,264)



At 31 May 2023

331,926
77,585
12,187
6,837
428,535



NET BOOK VALUE



At 31 May 2023
5,184
3,779
-
-
8,963



At 31 May 2022
9,071
5,669
-
-
14,740


5.


DEBTORS

2023
2022
£
£


Other debtors
674,728
658,028

674,728
658,028



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Accruals and deferred income
4,163
1,163

4,163
1,163


Page 6

 
MARINE SUPPORT (TAYSIDE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



2 (2022 -2) Ordinary shares of £1.00 each
2
2



8.


DIRECTORS' BENEFITS: ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is a loan to the directors totalling £674,728 (2022: £658,028). Interest at a rate of 2.02% has been charged and the loan is repayable on demand.


Page 7