Company Registration No. 07120824 (England and Wales)
Shoreside Marine Services Ltd
Unaudited accounts
for the year ended 31 January 2024
Shoreside Marine Services Ltd
Unaudited accounts
Contents
Shoreside Marine Services Ltd
Company Information
for the year ended 31 January 2024
Director
Daniel Stuart James
Company Number
07120824 (England and Wales)
Registered Office
108 MOSSLEY AVENUE
POOLE
DORSET
BH12 5DB
UNITED KINGDOM
Accountants
FD For You Ltd
9 Kingswell Road
Ensbury Park
Bournemouth
Dorset
BH10 5DF
Shoreside Marine Services Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
7,890
7,163
Cash at bank and in hand
11,265
7,890
Creditors: amounts falling due within one year
(35,962)
(32,826)
Net current liabilities
(1,576)
(17,959)
Total assets less current liabilities
6,314
(10,796)
Creditors: amounts falling due after more than one year
(5,333)
(9,333)
Net assets/(liabilities)
981
(20,129)
Called up share capital
1
1
Profit and loss account
980
(20,130)
Shareholders' funds
981
(20,129)
For the year ending 31 January 2024 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 director acknowledges his 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 and authorised for issue on 5 September 2024 and were signed on its behalf by
Daniel Stuart James
Director
Company Registration No. 07120824
Shoreside Marine Services Ltd
Notes to the Accounts
for the year ended 31 January 2024
Shoreside Marine Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07120824. The registered office is 108 MOSSLEY AVENUE, POOLE, DORSET, BH12 5DB, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Motor vehicles
25% Reducing Balance
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Shoreside Marine Services Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2023
8,337
12,250
20,587
At 31 January 2024
11,008
12,250
23,258
At 1 February 2023
5,344
8,080
13,424
Charge for the year
901
1,043
1,944
At 31 January 2024
6,245
9,123
15,368
At 31 January 2024
4,763
3,127
7,890
At 31 January 2023
2,993
4,170
7,163
Amounts falling due within one year
Trade debtors
20,621
3,477
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,000
4,000
Trade creditors
9,942
4,110
Taxes and social security
1,063
-
Loans from directors
14,525
17,055
7
Creditors: amounts falling due after more than one year
2024
2023
At the end of the year the company owed £14,525 to directors (2023 £17,055 to Directors)
9
Average number of employees
During the year the average number of employees was 2 (2023: 1).