IRIS Accounts Production v24.2.0.383 04500365 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045003652022-12-31045003652023-12-31045003652023-01-012023-12-31045003652021-12-31045003652022-01-012022-12-31045003652022-12-3104500365ns15:EnglandWales2023-01-012023-12-3104500365ns14:PoundSterling2023-01-012023-12-3104500365ns10:Director12023-01-012023-12-3104500365ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104500365ns10:SmallEntities2023-01-012023-12-3104500365ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104500365ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104500365ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104500365ns10:FullAccounts2023-01-012023-12-3104500365ns10:Director22023-01-012023-12-3104500365ns10:CompanySecretary12023-01-012023-12-3104500365ns10:RegisteredOffice2023-01-012023-12-3104500365ns5:CurrentFinancialInstruments2023-12-3104500365ns5:CurrentFinancialInstruments2022-12-3104500365ns5:ShareCapital2023-12-3104500365ns5:ShareCapital2022-12-3104500365ns5:RetainedEarningsAccumulatedLosses2023-12-3104500365ns5:RetainedEarningsAccumulatedLosses2022-12-3104500365ns5:PlantMachinery2023-01-012023-12-3104500365ns5:PlantMachinery2022-12-3104500365ns5:PlantMachinery2023-12-3104500365ns5:PlantMachinery2022-12-3104500365ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104500365ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31045003651ns10:Director12022-12-31045003651ns10:Director12021-12-31045003651ns10:Director12023-01-012023-12-31045003651ns10:Director12022-01-012022-12-31045003651ns10:Director12023-12-31045003651ns10:Director12022-12-3104500365ns10:Director222022-12-3104500365ns10:Director222021-12-3104500365ns10:Director222023-01-012023-12-3104500365ns10:Director222022-01-012022-12-3104500365ns10:Director222023-12-3104500365ns10:Director222022-12-31
REGISTERED NUMBER: 04500365 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MARINE SCENE LIMITED

MARINE SCENE LIMITED (REGISTERED NUMBER: 04500365)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARINE SCENE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R M W Jones
C M G Jones





SECRETARY: C M G Jones





REGISTERED OFFICE: Unit 5 South Cornelly Industrial Estate
Porthcawl Road
South Cornelly
CF33 4RE





REGISTERED NUMBER: 04500365 (England and Wales)





ACCOUNTANTS: Baker Knoyle Chartered Accountants
Orbit Business Centre
Merthyr Tydfil
CF48 1DL

MARINE SCENE LIMITED (REGISTERED NUMBER: 04500365)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,497 81,741

CURRENT ASSETS
Stocks 165,972 150,000
Debtors 5 64,706 47,940
Cash at bank and in hand 4,407 30,065
235,085 228,005
CREDITORS
Amounts falling due within one year 6 227,678 214,235
NET CURRENT ASSETS 7,407 13,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,904

95,511

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 82,804 95,411
82,904 95,511

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

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

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by:





R M W Jones - Director


MARINE SCENE LIMITED (REGISTERED NUMBER: 04500365)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Marine Scene Limited is a private company, limited by shares , registered in England and Wales. 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 etc - 33% on reducing balance and 5% 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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

MARINE SCENE LIMITED (REGISTERED NUMBER: 04500365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 123,951
DEPRECIATION
At 1 January 2023 42,210
Charge for year 6,244
At 31 December 2023 48,454
NET BOOK VALUE
At 31 December 2023 75,497
At 31 December 2022 81,741

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 906 371
Other debtors 63,800 47,569
64,706 47,940

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 83,051 -
Trade creditors 106,621 161,030
Taxation and social security 32,311 46,640
Other creditors 5,695 6,565
227,678 214,235

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
R M W Jones
Balance outstanding at start of year 34,349 25,397
Amounts advanced 36,570 36,452
Amounts repaid (42,500 ) (27,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,419 34,349

MARINE SCENE LIMITED (REGISTERED NUMBER: 04500365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

C M G Jones
Balance outstanding at start of year 11,126 26,155
Amounts advanced 7,790 12,471
Amounts repaid (12,500 ) (27,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,416 11,126