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REGISTERED NUMBER: SC307030 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Marlin Engineering Ltd

Marlin Engineering Ltd (Registered number: SC307030)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Marlin Engineering Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Mr N Horne





REGISTERED OFFICE: 42 Queens Road
Aberdeen
AB15 4YE





REGISTERED NUMBER: SC307030 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Marlin Engineering Ltd (Registered number: SC307030)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,269 18,517

CURRENT ASSETS
Stocks 9,060 14,800
Debtors 5 20,682 30,956
Cash at bank 39,738 33,179
69,480 78,935
CREDITORS
Amounts falling due within one year 6 72,263 77,783
NET CURRENT (LIABILITIES)/ASSETS (2,783 ) 1,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,486

19,669

CREDITORS
Amounts falling due after more than one
year

7

(10,392

)

(15,386

)

PROVISIONS FOR LIABILITIES (3,471 ) (3,518 )
NET ASSETS 1,623 765

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,622 764
1,623 765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Marlin Engineering Ltd (Registered number: SC307030)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2024 and were signed by:





Mr N Horne - Director


Marlin Engineering Ltd (Registered number: SC307030)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Marlin Engineering Ltd is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Marlin Engineering Ltd (Registered number: SC307030)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 36,099 17,992 26,749 3,997 84,837
Additions 4,661 - - - 4,661
At 31 August 2023 40,760 17,992 26,749 3,997 89,498
DEPRECIATION
At 1 September 2022 26,042 15,620 21,177 3,481 66,320
Charge for year 2,944 475 1,114 376 4,909
At 31 August 2023 28,986 16,095 22,291 3,857 71,229
NET BOOK VALUE
At 31 August 2023 11,774 1,897 4,458 140 18,269
At 31 August 2022 10,057 2,372 5,572 516 18,517

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 3,689 9,778
Other debtors 16,993 21,178
20,682 30,956

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 2,409 8,771
Taxation and social security 50,770 51,279
Other creditors 14,084 12,733
72,263 77,783

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 10,392 15,386

Marlin Engineering Ltd (Registered number: SC307030)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
Mr N Horne
Balance outstanding at start of year 20,051 18,295
Amounts advanced 7,354 20,655
Amounts repaid (20,762 ) (18,899 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,643 20,051

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N Horne.