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Company Registration No. 13078447 (England and Wales)
Now Marine Limited Unaudited accounts for the year ended 31 December 2023
Now Marine Limited Unaudited accounts Contents
Page
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Now Marine Limited Company Information for the year ended 31 December 2023
Directors
S Carr M Woodford
Company Number
13078447 (England and Wales)
Registered Office
32 Carnarvon Road Gosport Hampshire PO12 3QP England
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Now Marine Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
752 
325 
Current assets
Debtors
19,565 
13,745 
Cash at bank and in hand
4,094 
8,112 
23,659 
21,857 
Creditors: amounts falling due within one year
(16,743)
(18,433)
Net current assets
6,916 
3,424 
Net assets
7,668 
3,749 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
7,568 
3,649 
Shareholders' funds
7,668 
3,749 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2024 and were signed on its behalf by
S Carr Director Company Registration No. 13078447
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Now Marine Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Now Marine Limited is a private company, limited by shares, registered in England and Wales, registration number 13078447. The registered office is 32 Carnarvon Road, Gosport, Hampshire, PO12 3QP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
647 
Additions
677 
At 31 December 2023
1,324 
Depreciation
At 1 January 2023
322 
Charge for the year
250 
At 31 December 2023
572 
Net book value
At 31 December 2023
752 
At 31 December 2022
325 
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Now Marine Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,566 
4,992 
Accrued income and prepayments
1,001 
959 
Other debtors
15,998 
7,794 
19,565 
13,745 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,890 
4,662 
Taxes and social security
7,853 
5,771 
Accruals
1,000 
1,000 
Deferred income
5,000 
7,000 
16,743 
18,433 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Directors loan account
3,064 
31,583 
27,864 
6,783 
Directors loan account
4,730 
32,249 
27,764 
9,215 
7,794 
63,832 
55,628 
15,998 
The advances are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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