Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-01-01falseNo description of principal activity99truefalse 00164726 2023-01-01 2023-12-31 00164726 2022-01-01 2022-12-31 00164726 2023-12-31 00164726 2022-12-31 00164726 c:CompanySecretary1 2023-01-01 2023-12-31 00164726 c:Director3 2023-01-01 2023-12-31 00164726 c:Director4 2023-01-01 2023-12-31 00164726 c:Director4 2023-12-31 00164726 c:Director5 2023-01-01 2023-12-31 00164726 c:RegisteredOffice 2023-01-01 2023-12-31 00164726 d:FurnitureFittings 2023-01-01 2023-12-31 00164726 d:FurnitureFittings 2023-12-31 00164726 d:FurnitureFittings 2022-12-31 00164726 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00164726 d:OfficeEquipment 2023-01-01 2023-12-31 00164726 d:OfficeEquipment 2023-12-31 00164726 d:OfficeEquipment 2022-12-31 00164726 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00164726 d:ComputerEquipment 2023-01-01 2023-12-31 00164726 d:ComputerEquipment 2023-12-31 00164726 d:ComputerEquipment 2022-12-31 00164726 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00164726 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00164726 d:CurrentFinancialInstruments 2023-12-31 00164726 d:CurrentFinancialInstruments 2022-12-31 00164726 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00164726 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00164726 d:RetainedEarningsAccumulatedLosses 2023-12-31 00164726 d:RetainedEarningsAccumulatedLosses 2022-12-31 00164726 c:FRS102 2023-01-01 2023-12-31 00164726 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00164726 c:FullAccounts 2023-01-01 2023-12-31 00164726 c:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 00164726 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 00164726







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


THE SOCIETY OF CONSULTING MARINE ENGINEERS AND SHIP SURVEYORS
(A Company Limited by Guarantee)
































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THE SOCIETY OF CONSULTING MARINE ENGINEERS AND SHIP SURVEYORS
 
(A Company Limited by Guarantee)
 


 
COMPANY INFORMATION


Directors
G S Slack 
R Hunter (appointed 13 June 2023)
M A Clegg (appointed 4 June 2024) 




Company secretary
S G Gladwell



Registered number
00164726



Registered office
Ground Floor Unit 5
Prospect House

7 Ocean Way

Southampton

Hampshire

SO14 3TJ




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


THE SOCIETY OF CONSULTING MARINE ENGINEERS AND SHIP SURVEYORS
 
(A Company Limited by Guarantee)
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


THE SOCIETY OF CONSULTING MARINE ENGINEERS AND SHIP SURVEYORS
  
(A Company Limited by Guarantee)
REGISTERED NUMBER:00164726



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
25,004
10,479

  
25,004
10,479

Current assets
  

Debtors: amounts falling due within one year
 5 
67,894
43,760

Current asset investments
 6 
51,469
50,383

Cash at bank and in hand
  
155,852
150,695

  
275,215
244,838

Creditors: amounts falling due within one year
 7 
(61,632)
(43,161)

Net current assets
  
 
 
213,583
 
 
201,677

Total assets less current liabilities
  
238,587
212,156

  

Net assets
  
238,587
212,156


Capital and reserves
  

Profit and loss account
  
238,587
212,156

  
238,587
212,156


Page 1

 


THE SOCIETY OF CONSULTING MARINE ENGINEERS AND SHIP SURVEYORS
  
(A Company Limited by Guarantee)
REGISTERED NUMBER:00164726


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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 income and retained earnings 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: 


................................................
G S Slack
Director

Date: 2 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


THE SOCIETY OF CONSULTING MARINE ENGINEERS AND SHIP SURVEYORS
 
(A Company Limited by Guarantee)
 


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

1.


Statement of compliance

The Society of Consulting Marine Engineers and Ship Surveyors is a private company limited by guarantee and not having a share capital, registered in England and Wales. The address of its registered office is disclosed on the company information page.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover represents income from subscriptions, services provided to members and the issuing of certificates for the Maritime and Coastguard Agency. 

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

Page 3

 


THE SOCIETY OF CONSULTING MARINE ENGINEERS AND SHIP SURVEYORS
 
(A Company Limited by Guarantee)
 


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

2.Accounting policies (continued)

 
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 reporting date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance or straight line basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
reducing balance
Office equipment
-
15%
reducing balance
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recongition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 9) 

Page 4

 


THE SOCIETY OF CONSULTING MARINE ENGINEERS AND SHIP SURVEYORS
 
(A Company Limited by Guarantee)
 


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

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
6,816
13,282
30,452
50,550


Additions
3,699
6,769
9,320
19,788


Disposals
(5,485)
-
(2,058)
(7,543)



At 31 December 2023

5,030
20,051
37,714
62,795



Depreciation


At 1 January 2023
5,938
6,959
27,174
40,071


Charge for the year on owned assets
426
1,369
3,406
5,201


Disposals
(5,422)
-
(2,059)
(7,481)



At 31 December 2023

942
8,328
28,521
37,791



Net book value



At 31 December 2023
4,088
11,723
9,193
25,004



At 31 December 2022
878
6,323
3,278
10,479

Page 5

 


THE SOCIETY OF CONSULTING MARINE ENGINEERS AND SHIP SURVEYORS
 
(A Company Limited by Guarantee)
 


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

5.


Debtors

2023
2022
£
£


Trade debtors
44,037
24,874

Other debtors
4,101
2,692

Prepayments and accrued income
19,756
16,194

67,894
43,760



6.


Current asset investments

2023
2022
£
£

Unlisted investments (liquid)
51,469
50,383

51,469
50,383



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
13,829
5,163

Corporation tax
476
-

Other taxation and social security
4,440
4,020

Other creditors
3,064
2,530

Accruals and deferred income
39,823
31,448

61,632
43,161




8.


Company status

The Company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the Company in the event of liquidation.

 
Page 6