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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
Page
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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
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Collins Marine Consultants Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,473 
6,625 
Current assets
Debtors
14,318 
9,292 
Cash at bank and in hand
187,470 
238,210 
201,788 
247,502 
Creditors: amounts falling due within one year
(38,630)
(81,113)
Net current assets
163,158 
166,389 
Net assets
169,631 
173,014 
Capital and reserves
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
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Collins Marine Consultants Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
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
Foreign exchange
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 
Additions
5,371 
- 
5,371 
Disposals
(1,482)
- 
(1,482)
At 31 December 2023
20,253 
4,786 
25,039 
Depreciation
At 1 January 2023
9,739 
4,786 
14,525 
Charge for the year
4,854 
- 
4,854 
On disposals
(813)
- 
(813)
At 31 December 2023
13,780 
4,786 
18,566 
Net book value
At 31 December 2023
6,473 
- 
6,473 
At 31 December 2022
6,625 
- 
6,625 
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Collins Marine Consultants Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
191 
- 
Trade debtors
12,285 
7,738 
Accrued income and prepayments
1,842 
1,554 
14,318 
9,292 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
368 
2,757 
Trade creditors
746 
35,164 
Taxes and social security
1,588 
1,849 
Loans from directors
35,728 
41,143 
Accruals
200 
200 
38,630 
81,113 
The majority of the balance is due to the directors of the company. They are not expecting any immediate repayment.
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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