Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31trueThe principal activity of the company continued to be that of management consultancy.true2false2023-01-012The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13781542 2023-01-01 2023-12-31 13781542 2022-01-01 2022-12-31 13781542 2023-12-31 13781542 2022-12-31 13781542 c:Director2 2023-01-01 2023-12-31 13781542 d:CurrentFinancialInstruments 2023-12-31 13781542 d:CurrentFinancialInstruments 2022-12-31 13781542 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13781542 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13781542 d:ShareCapital 2023-12-31 13781542 d:ShareCapital 2022-12-31 13781542 d:RetainedEarningsAccumulatedLosses 2023-12-31 13781542 d:RetainedEarningsAccumulatedLosses 2022-12-31 13781542 c:FRS102 2023-01-01 2023-12-31 13781542 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13781542 c:FullAccounts 2023-01-01 2023-12-31 13781542 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13781542 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13781542










MARINE & BULK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
MARINE & BULK LIMITED
REGISTERED NUMBER: 13781542

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
17,180
9,951

Cash at bank and in hand
 5 
73,576
16,758

  
90,756
26,709

Creditors: amounts falling due within one year
 6 
(22,037)
(8,932)

Net current assets
  
 
 
68,719
 
 
17,777

  

Net assets
  
68,719
17,777


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
68,717
17,775

  
68,719
17,777


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Roy Sami Zacca
Director

Date: 19 August 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
MARINE & BULK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Marine & Bulk Limited is a private company limited by share capital, incorporated in England and Wales, registration number 13781542. The address of the registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Page 2

 
MARINE & BULK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary
Page 3

 
MARINE & BULK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Other debtors
12,580
6,151

Prepayments and accrued income
4,600
3,800

17,180
9,951



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
73,576
16,758



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,520
-

Corporation tax
13,815
4,170

Other taxation and social security
-
762

Other creditors
336
2,000

Accruals and deferred income
2,366
2,000

22,037
8,932


Page 4

 
MARINE & BULK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Related party transactions

Included within other creditors due within one year is an interest free loan from a director of £336 (2022: £2,000). This loan is repayable on demand.

 
Page 5