Land & Marine Project Services Ltd 10546635 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Management consultancy activities other than financial management Digita Accounts Production Advanced 6.30.9574.0 true true 10546635 2023-02-01 2024-01-31 10546635 2024-01-31 10546635 bus:OrdinaryShareClass1 2024-01-31 10546635 core:RetainedEarningsAccumulatedLosses 2024-01-31 10546635 core:CurrentFinancialInstruments 2024-01-31 10546635 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 10546635 bus:SmallEntities 2023-02-01 2024-01-31 10546635 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 10546635 bus:FullAccounts 2023-02-01 2024-01-31 10546635 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10546635 bus:RegisteredOffice 2023-02-01 2024-01-31 10546635 bus:CompanySecretaryDirector1 2023-02-01 2024-01-31 10546635 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 10546635 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10546635 bus:Agent1 2023-02-01 2024-01-31 10546635 core:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 10546635 countries:UnitedKingdom 2023-02-01 2024-01-31 10546635 2023-01-31 10546635 core:RetainedEarningsAccumulatedLosses 2023-01-31 10546635 2022-02-01 2023-01-31 10546635 2023-01-31 10546635 bus:OrdinaryShareClass1 2023-01-31 10546635 core:CurrentFinancialInstruments 2023-01-31 10546635 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 10546635 core:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 10546635 2022-01-31 10546635 core:RetainedEarningsAccumulatedLosses 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10546635

Land & Marine Project Services Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Land & Marine Project Services Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 10

 

Land & Marine Project Services Ltd

Company Information

Director

Mr A J Mullard

Company secretary

Mr A J Mullard

Registered office

15 Coram Drive
Neyland
Milford Haven
Pembrokeshire
SA73 1PZ

Accountants

Michael A Colley F.C.A.
The Eyrie
Freshwater East
Pembroke
Pembrokeshire
SA71 5LE

 

Land & Marine Project Services Ltd

Director's Report for the Year Ended 31 January 2024

The director presents his report and the financial statements for the year ended 31 January 2024.

Director of the company

The director who held office during the year was as follows:

Mr A J Mullard - Company secretary and director

Principal activity

The principal activity of the company is Management consultancy activities other than financial management

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 13 August 2024
 

.........................................
Mr A J Mullard
Company secretary and director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Land & Marine Project Services Ltd
for the Year Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Land & Marine Project Services Ltd for the year ended 31 January 2024 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Land & Marine Project Services Ltd, as a body, in accordance with the terms of our engagement letter dated 4 January 2018. Our work has been undertaken solely to prepare for your approval the accounts of Land & Marine Project Services Ltd and state those matters that we have agreed to state to the Board of Directors of Land & Marine Project Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Land & Marine Project Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Land & Marine Project Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Land & Marine Project Services Ltd. You consider that Land & Marine Project Services Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Land & Marine Project Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Michael A Colley F.C.A.
The Eyrie
Freshwater East
Pembroke
Pembrokeshire
SA71 5LE

13 August 2024

 

Land & Marine Project Services Ltd

Profit and Loss Account for the Year Ended 31 January 2024

Note

2024
£

2023
£

Turnover

 

100,899

152,023

Gross profit

 

100,899

152,023

Administrative expenses

 

(58,004)

(60,738)

Operating profit

 

42,895

91,285

Profit before tax

42,895

91,285

Tax on profit

 

(8,188)

(17,344)

Profit for the financial year

 

34,707

73,941

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Land & Marine Project Services Ltd

Statement of Comprehensive Income for the Year Ended 31 January 2024

2024
£

2023
£

Profit for the year

34,707

73,941

Total comprehensive income for the year

34,707

73,941

 

Land & Marine Project Services Ltd

(Registration number: 10546635)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

13,435

31,486

Cash at bank and in hand

 

109,374

66,905

 

122,809

98,391

Creditors: Amounts falling due within one year

5

(52,456)

(42,745)

Net assets

 

70,353

55,646

Capital and reserves

 

Retained earnings

70,353

55,646

Shareholders' funds

 

70,353

55,646

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 13 August 2024
 

.........................................
Mr A J Mullard
Company secretary and director

 

Land & Marine Project Services Ltd

Statement of Changes in Equity for the Year Ended 31 January 2024

Retained earnings
£

Total
£

At 1 February 2023

55,646

55,646

Profit for the year

34,707

34,707

Dividends

(20,000)

(20,000)

At 31 January 2024

70,353

70,353

Retained earnings
£

Total
£

At 1 February 2022

9,705

9,705

Profit for the year

73,941

73,941

Dividends

(28,000)

(28,000)

At 31 January 2023

55,646

55,646

 

Land & Marine Project Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
15 Coram Drive
Neyland
Milford Haven
Pembrokeshire
SA73 1PZ
United Kingdom

These financial statements were authorised for issue by the director on 13 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Land & Marine Project Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 2).

4

Debtors

Current

2024
£

2023
£

Trade debtors

13,435

31,381

Other debtors

-

105

 

13,435

31,486

 

Land & Marine Project Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

8,188

17,344

Other creditors

44,268

25,401

52,456

42,745

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100