Company registration number SC682835 (Scotland)
MARINE SAFETY FORUM
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
MARINE SAFETY FORUM
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MARINE SAFETY FORUM
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,104
719
Current assets
Debtors
3
-
840
Cash at bank and in hand
60,585
70,665
60,585
71,505
Creditors: amounts falling due within one year
4
(2,000)
(2,000)
Net current assets
58,585
69,505
Net assets
59,689
70,224
Capital and reserves
Called up share capital
-
-
Capital redemption reserve
48,142
48,142
Profit and loss reserves
11,547
22,082
Total equity
59,689
70,224

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 2 September 2024 and are signed on its behalf by:
J MARSHALL
J Marshall
Director
Company Registration No. SC682835
MARINE SAFETY FORUM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Marine Safety Forum is a private company limited by shares incorporated in Scotland. The registered office is Brodies House, 31-33 Union Grove, Aberdeen, Scotland, AB10 6SD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments
Basic financial assets

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

MARINE SAFETY FORUM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
2
Tangible fixed assets
Computer equipment
£
Cost
At 1 January 2023
1,199
Additions
669
At 31 December 2023
1,868
Depreciation and impairment
At 1 January 2023
480
Depreciation charged in the year
284
At 31 December 2023
764
Carrying amount
At 31 December 2023
1,104
At 31 December 2022
719
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
-
0
840
4
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
2,000
2,000
2023-12-312023-01-01false02 September 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityJ FlynnB StrachanG CunninghamJ MarshallJ GilliesA MortonfalsefalseSC6828352023-01-012023-12-31SC6828352023-12-31SC6828352022-12-31SC682835core:OtherPropertyPlantEquipment2023-12-31SC682835core:OtherPropertyPlantEquipment2022-12-31SC682835core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-31SC682835core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-31SC682835core:CapitalRedemptionReserve2023-12-31SC682835core:CapitalRedemptionReserve2022-12-31SC682835core:RetainedEarningsAccumulatedLosses2023-12-31SC682835core:RetainedEarningsAccumulatedLosses2022-12-31SC682835bus:Director42023-01-012023-12-31SC682835core:ComputerEquipment2023-01-012023-12-31SC682835core:OtherPropertyPlantEquipment2022-12-31SC682835core:OtherPropertyPlantEquipment2023-01-012023-12-31SC682835core:WithinOneYear2022-12-31SC682835bus:PrivateLimitedCompanyLtd2023-01-012023-12-31SC682835bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC682835bus:FRS1022023-01-012023-12-31SC682835bus:AuditExemptWithAccountantsReport2023-01-012023-12-31SC682835bus:Director12023-01-012023-12-31SC682835bus:Director22023-01-012023-12-31SC682835bus:Director32023-01-012023-12-31SC682835bus:Director52023-01-012023-12-31SC682835bus:Director62023-01-012023-12-31SC682835bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP