Registered number
SC373618
STOYLE MARINE CONSULTANTS LIMITED
Filleted Accounts
28 February 2023
STOYLE MARINE CONSULTANTS LIMITED
Registered number: SC373618
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 10,000
Current assets
Debtors 4 4,467 16,649
Cash at bank and in hand 5,716 1,934
10,183 18,583
Creditors: amounts falling due within one year 5 (1,665) (8,162)
Net current assets 8,518 10,421
Total assets less current liabilities 8,518 20,421
Creditors: amounts falling due after more than one year 6 - (19,000)
Net assets 8,518 1,421
Capital and reserves
Called up share capital 500 500
Profit and loss account 8,018 921
Shareholders' funds 8,518 1,421
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.
Daniel Stoyle
Director
Approved by the board on 24 November 2023
STOYLE MARINE CONSULTANTS LIMITED
Notes to the Accounts
for the year ended 28 February 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 6,000 18,072 24,072
Disposals (3,000) (18,500) (21,500)
At 28 February 2023 3,000 (428) 2,572
Depreciation
At 1 March 2022 5,000 9,072 14,072
On disposals (2,000) (9,500) (11,500)
At 28 February 2023 3,000 (428) 2,572
Net book value
At 28 February 2023 - - -
At 28 February 2022 1,000 9,000 10,000
4 Debtors 2023 2022
£ £
Other debtors 4,467 16,649
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 1,665 8,162
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 19,000
7 Other information
STOYLE MARINE CONSULTANTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
30 Binghill Road West
Milltimber
Aberdeen
Aberdeenshire
AB13 0JB
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