Registered number
04305906
SOLENT MARINE ELECTRICAL SERVICES LIMITED
Filleted Accounts
31 July 2024
SOLENT MARINE ELECTRICAL SERVICES LIMITED
Registered number: 04305906
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 455
Current assets
Debtors 4 - -
Cash at bank and in hand 28,289 84,315
28,289 84,315
Creditors: amounts falling due within one year 5 (6,963) (7,094)
Net current assets 21,326 77,221
Total assets less current liabilities 21,326 77,676
Provisions for liabilities - (73)
Net assets 21,326 77,603
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 20,326 76,603
Shareholders' funds 21,326 77,603
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.
MR K STREET
Director
Approved by the board on 1 August 2024
SOLENT MARINE ELECTRICAL SERVICES LIMITED
Notes to the Accounts
for the period from 6 April 2023 to 31 July 2024
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:
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 6 April 2023 10,697
At 31 July 2024 10,697
Depreciation
At 6 April 2023 10,242
Charge for the period 455
At 31 July 2024 10,697
Net book value
At 31 July 2024 -
At 5 April 2023 455
4 Debtors 2024 2023
£ £
Other debtors - -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 775 831
Taxation and social security costs 4,603 4,511
Other creditors 1,585 1,752
6,963 7,094
6 Other information
SOLENT MARINE ELECTRICAL SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
16 Quay Street
Newport
Isle of Wight
PO30 5BG
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