Registered number
06265669
MED MARINE UK LTD
Filleted Accounts
30 June 2023
MED MARINE UK LTD
Registered number: 06265669
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,224 1,632
Current assets
Cash at bank and in hand 21,094 47,606
Creditors: amounts falling due within one year 5 (600) (600)
Net current assets 20,494 47,006
Net assets 21,718 48,638
Capital and reserves
Called up share capital 100 100
Profit and loss account 21,618 48,538
Shareholders' funds 21,718 48,638
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.
Y Maman
Director
Approved by the board on 19 January 2024
MED MARINE UK LTD
Notes to the Accounts
for the year ended 30 June 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
Fixtures, fittings, tools and equipment 25% Reducing Balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 5,639
At 30 June 2023 5,639
Depreciation
At 1 July 2022 4,007
Charge for the year 408
At 30 June 2023 4,415
Net book value
At 30 June 2023 1,224
At 30 June 2022 1,632
4 Investments held as current assets 2023 2022
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 130 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 600 600
6 Other information
MED MARINE UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
Raydean House
15 Western Parade
Barnet
Herts
EN5 1AH
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