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REGISTERED NUMBER: 02553384 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Maritime Services (International)
Limited

Maritime Services (International)
Limited (Registered number: 02553384)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maritime Services (International)
Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: I C Biles
Mrs G A Biles





REGISTERED OFFICE: 1 Stone Lane
Gosport
Hampshire
PO12 1SS





REGISTERED NUMBER: 02553384 (England and Wales)





ACCOUNTANTS: Roches
Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

Maritime Services (International)
Limited (Registered number: 02553384)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,705 46,211

CURRENT ASSETS
Debtors 5 269,740 31,606
Cash at bank and in hand 24,591 21,258
294,331 52,864
CREDITORS
Amounts falling due within one year 6 517,465 311,789
NET CURRENT LIABILITIES (223,134 ) (258,925 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(188,429

)

(212,714

)

PROVISIONS FOR LIABILITIES 8,658 8,780
NET LIABILITIES (197,087 ) (221,494 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (197,187 ) (221,594 )
SHAREHOLDERS' FUNDS (197,087 ) (221,494 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Maritime Services (International)
Limited (Registered number: 02553384)

Balance Sheet - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





I C Biles - Director


Maritime Services (International)
Limited (Registered number: 02553384)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Maritime Services (International) 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 - 25% on reducing balance and 10% on cost

Financial instruments
The company has considered and applied the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" 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 provision 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, which include trade and other debtors, cash and bank balances and loans to fellow group companies, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

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

Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted as at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt Instruments are subsequently carried at amortised cost, using the effective interest rate method.

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.

Maritime Services (International)
Limited (Registered number: 02553384)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

Government grants
Government grants are recognised using the accrual model. Those relating to revenue expenditure are recognised in income on a systematic basis over the periods in which the entity recognizes the related cost for which the grant is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 312,238 6,574 23,930 342,742
Additions 878 - - 878
Disposals (469 ) - - (469 )
At 30 April 2024 312,647 6,574 23,930 343,151
DEPRECIATION
At 1 May 2023 276,826 5,461 14,244 296,531
Charge for year 9,168 253 2,864 12,285
Eliminated on disposal (370 ) - - (370 )
At 30 April 2024 285,624 5,714 17,108 308,446
NET BOOK VALUE
At 30 April 2024 27,023 860 6,822 34,705
At 30 April 2023 35,412 1,113 9,686 46,211

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 90,773 25,090
Amounts owed by group undertakings 172,013 -
Other debtors 6,954 6,516
269,740 31,606

Maritime Services (International)
Limited (Registered number: 02553384)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 45,355 19,099
Amounts owed to group undertakings 422,919 271,644
Taxation and social security 43,076 15,136
Other creditors 6,115 5,910
517,465 311,789