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Company Registration No. 01869866 (England and Wales)
C. & B. Marine Limited Unaudited accounts for the year ended 31 May 2023
C. & B. Marine Limited Unaudited accounts Contents
Page
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C. & B. Marine Limited Company Information for the year ended 31 May 2023
Director
C Silverthorne
Secretary
C Silverthorne
Company Number
01869866 (England and Wales)
Registered Office
Unit C1 The Boatyard Chichester Marina Chichester West Sussex PO20 7EJ
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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C. & B. Marine Limited Accountants' report
Accountants' report to the director of C. & B. Marine Limited on the preparation of the unaudited statutory accounts for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of C. & B. Marine Limited for the year ended 31 May 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of C. & B. Marine Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of C. & B. Marine Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C. & B. Marine Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that C. & B. Marine Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of C. & B. Marine Limited. You consider that C. & B. Marine Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of C. & B. Marine Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 27 September 2023
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C. & B. Marine Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
234 
311 
Current assets
Inventories
1,400 
1,500 
Debtors
857 
1,851 
Cash at bank and in hand
25,983 
23,671 
28,240 
27,022 
Creditors: amounts falling due within one year
(13,482)
(16,740)
Net current assets
14,758 
10,282 
Net assets
14,992 
10,593 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
14,892 
10,493 
Shareholders' funds
14,992 
10,593 
For the year ending 31 May 2023 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 director acknowledges his 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 and authorised for issue on 27 September 2023 and were signed on its behalf by
C Silverthorne Director Company Registration No. 01869866
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C. & B. Marine Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
C. & B. Marine Limited is a private company, limited by shares, registered in England and Wales, registration number 01869866. The registered office is Unit C1 The Boatyard, Chichester Marina, Chichester, West Sussex, PO20 7EJ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 recognized 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.
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
25 % reducing balance
Motor vehicles
25 % reducing balance
Fixtures & fittings
25 % reducing balance
Stock
Stocks are valued at the lower of cost and net realizable value, after making due allowance for obsolete and slow moving items.
Operating Lease Agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
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C. & B. Marine Limited Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
11,874 
29,412 
2,461 
43,747 
At 31 May 2023
11,874 
29,412 
2,461 
43,747 
Depreciation
At 1 June 2022
11,721 
29,255 
2,460 
43,436 
Charge for the year
38 
39 
- 
77 
At 31 May 2023
11,759 
29,294 
2,460 
43,513 
Net book value
At 31 May 2023
115 
118 
1 
234 
At 31 May 2022
153 
157 
1 
311 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
857 
1,851 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,900 
2,509 
Trade creditors
249 
2,149 
Taxes and social security
1,894 
2,374 
Other creditors
- 
4,708 
Loans from directors
4,423 
- 
Accruals
5,016 
5,000 
13,482 
16,740 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
C Silverthorne
Director's loan account
- 
- 
4,423 
(4,423)
- 
- 
4,423 
(4,423)
8
Transactions with related parties
The company was under the control of C Silverthorne throughout the current and previous year.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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