Company Registration No. 8196858 (England and Wales)
Collins Marine Consultants Ltd
Unaudited accounts
for the year ended 31 December 2023
Collins Marine Consultants Ltd
Unaudited accounts
Contents
Collins Marine Consultants Ltd
Company Information
for the year ended 31 December 2023
Directors
Joseph Collins
Irene Collins
Company Number
8196858 (England and Wales)
Registered Office
21 The Vale
Locks Vale
Southampton
SO31 6NL
Accountants
Wellington Consulting Ltd
Fairview
St Owens Cross
Hereford
Herefordshire
HR2 8LG
Collins Marine Consultants Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
6,473
6,625
Cash at bank and in hand
187,470
238,210
Creditors: amounts falling due within one year
(38,630)
(81,113)
Net current assets
163,158
166,389
Net assets
169,631
173,014
Called up share capital
2
2
Profit and loss account
169,629
173,012
Shareholders' funds
169,631
173,014
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 11 September 2024 and were signed on its behalf by
Joseph Collins
Director
Company Registration No. 8196858
Collins Marine Consultants Ltd
Notes to the Accounts
for the year ended 31 December 2023
Collins Marine Consultants Ltd is a private company, limited by shares, registered in England and Wales, registration number 8196858. The registered office is 21 The Vale, Locks Vale, Southampton, SO31 6NL.
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.
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 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% straight line
Computer equipment
25% straight line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
16,364
4,786
21,150
Disposals
(1,482)
-
(1,482)
At 31 December 2023
20,253
4,786
25,039
At 1 January 2023
9,739
4,786
14,525
Charge for the year
4,854
-
4,854
At 31 December 2023
13,780
4,786
18,566
At 31 December 2023
6,473
-
6,473
At 31 December 2022
6,625
-
6,625
Collins Marine Consultants Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
12,285
7,738
Accrued income and prepayments
1,842
1,554
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
746
35,164
Taxes and social security
1,588
1,849
Loans from directors
35,728
41,143
The majority of the balance is due to the directors of the company. They are not expecting any immediate repayment.
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
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Average number of employees
During the year the average number of employees was 2 (2022: 2).