IRIS Accounts Production v23.3.0.418 04091805 Board of Directors 1.5.22 30.4.23 30.4.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040918052022-04-30040918052023-04-30040918052022-05-012023-04-30040918052021-04-30040918052021-05-012022-04-30040918052022-04-3004091805ns10:Originalns15:EnglandWales2022-05-012023-04-3004091805ns14:PoundSterlingns10:Original2022-05-012023-04-3004091805ns10:Originalns10:Director12022-05-012023-04-3004091805ns10:Original2022-05-012023-04-3004091805ns10:Original2023-04-3004091805ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3004091805ns10:Originalns10:SmallEntities2022-05-012023-04-3004091805ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3004091805ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3004091805ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3004091805ns10:Originalns10:FullAccounts2022-05-012023-04-3004091805ns10:Original12022-05-012023-04-3004091805ns10:Originalns10:Director22022-05-012023-04-3004091805ns10:CompanySecretary1ns10:Original2022-05-012023-04-3004091805ns10:Originalns10:RegisteredOffice2022-05-012023-04-3004091805ns10:Original2022-04-3004091805ns10:Originalns5:CurrentFinancialInstruments2023-04-3004091805ns10:Originalns5:CurrentFinancialInstruments2022-04-3004091805ns10:Originalns5:Non-currentFinancialInstruments2023-04-3004091805ns10:Originalns5:Non-currentFinancialInstruments2022-04-3004091805ns5:ShareCapitalns10:Original2023-04-3004091805ns5:ShareCapitalns10:Original2022-04-3004091805ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3004091805ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3004091805ns10:Originalns5:NetGoodwill2022-05-012023-04-3004091805ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-05-012023-04-3004091805ns10:Originalns5:ComputerEquipment2022-05-012023-04-3004091805ns10:Original2021-05-012022-04-3004091805ns10:Originalns5:NetGoodwill2022-04-3004091805ns10:Originalns5:NetGoodwill2023-04-3004091805ns10:Originalns5:NetGoodwill2022-04-3004091805ns10:Originalns5:FurnitureFittings2022-04-3004091805ns10:Originalns5:ComputerEquipment2022-04-3004091805ns10:Original2022-04-3004091805ns10:Originalns5:FurnitureFittings2022-05-012023-04-3004091805ns10:Originalns5:FurnitureFittings2023-04-3004091805ns10:Originalns5:ComputerEquipment2023-04-3004091805ns10:Originalns5:FurnitureFittings2022-04-3004091805ns10:Originalns5:ComputerEquipment2022-04-3004091805ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3004091805ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-30
REGISTERED NUMBER: 04091805 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

MARINE ENGINE SERVICES (MIDLANDS) LTD

MARINE ENGINE SERVICES (MIDLANDS) LTD (REGISTERED NUMBER: 04091805)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARINE ENGINE SERVICES (MIDLANDS) LTD

COMPANY INFORMATION
for the Year Ended 30 April 2023







DIRECTORS: Mrs S E Powell
R Powell





SECRETARY: R Powell





REGISTERED OFFICE: 41 Woodland Road
Kenilworth
Warwickshire
CV8 2FJ





REGISTERED NUMBER: 04091805 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

MARINE ENGINE SERVICES (MIDLANDS) LTD (REGISTERED NUMBER: 04091805)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 256 -
256 -

CURRENT ASSETS
Stocks 17,089 16,207
Debtors 6 6,221 4,494
Cash at bank 991 1,201
24,301 21,902
CREDITORS
Amounts falling due within one year 7 34,749 13,750
NET CURRENT (LIABILITIES)/ASSETS (10,448 ) 8,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,192

)

8,152

CREDITORS
Amounts falling due after more than one
year

8

9,375

13,875
NET LIABILITIES (19,567 ) (5,723 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (19,667 ) (5,823 )
SHAREHOLDERS' FUNDS (19,567 ) (5,723 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MARINE ENGINE SERVICES (MIDLANDS) LTD (REGISTERED NUMBER: 04091805)

BALANCE SHEET - continued
30 April 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





Mrs S E Powell - Director


MARINE ENGINE SERVICES (MIDLANDS) LTD (REGISTERED NUMBER: 04091805)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Marine Engine Services (Midlands) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MARINE ENGINE SERVICES (MIDLANDS) LTD (REGISTERED NUMBER: 04091805)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The financial statements are prepared on a going concern basis. This assumes that the company will continue in operational existence for the foreseeable future, due to the continued support of the company's banker and directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 20,000
AMORTISATION
At 1 May 2022
and 30 April 2023 20,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2022 5,753 986 6,739
Additions - 341 341
At 30 April 2023 5,753 1,327 7,080
DEPRECIATION
At 1 May 2022 5,753 986 6,739
Charge for year - 85 85
At 30 April 2023 5,753 1,071 6,824
NET BOOK VALUE
At 30 April 2023 - 256 256
At 30 April 2022 - - -

MARINE ENGINE SERVICES (MIDLANDS) LTD (REGISTERED NUMBER: 04091805)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,157 3,638
Other debtors 64 856
6,221 4,494

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,500 4,500
Trade creditors 7,737 6,060
Taxation and social security 1,852 2,288
Other creditors 20,660 902
34,749 13,750

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 9,375 13,875

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the directors' current account was overdrawn. The maximum overdrawn amount during the year was £1,979 (2022: £3,228) and the balance at the year end was £Nil (2022:£856).

10. RELATED PARTY DISCLOSURES

At 30 April 2023 other creditors included loans made to the company by the directors of £19,628 (2022: £Nil). The loans are interest free and have no fixed date for repayment.

11. CONTROLLING PARTY

The controlling party is the directors.