Marine & Construction Services (Dartmouth) Limited 10063058 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of waterborne and building works. Digita Accounts Production Advanced 6.30.9574.0 true true 10063058 2023-04-01 2024-03-31 10063058 2024-03-31 10063058 core:CurrentFinancialInstruments 2024-03-31 10063058 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10063058 core:FurnitureFittings 2024-03-31 10063058 core:PlantMachinery 2024-03-31 10063058 1 2024-03-31 10063058 bus:SmallEntities 2023-04-01 2024-03-31 10063058 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10063058 bus:FilletedAccounts 2023-04-01 2024-03-31 10063058 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10063058 bus:RegisteredOffice 2023-04-01 2024-03-31 10063058 bus:Director1 2023-04-01 2024-03-31 10063058 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10063058 core:FurnitureFittings 2023-04-01 2024-03-31 10063058 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 10063058 core:PlantMachinery 2023-04-01 2024-03-31 10063058 countries:EnglandWales 2023-04-01 2024-03-31 10063058 1 2023-04-01 2024-03-31 10063058 2023-03-31 10063058 core:FurnitureFittings 2023-03-31 10063058 core:PlantMachinery 2023-03-31 10063058 1 2023-03-31 10063058 2022-04-01 2023-03-31 10063058 2023-03-31 10063058 core:CurrentFinancialInstruments 2023-03-31 10063058 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10063058 core:FurnitureFittings 2023-03-31 10063058 core:PlantMachinery 2023-03-31 10063058 1 2023-03-31 10063058 1 2022-04-01 2023-03-31 10063058 1 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 10063058

Marine & Construction Services (Dartmouth) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Marine & Construction Services (Dartmouth) Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Marine & Construction Services (Dartmouth) Limited

(Registration number: 10063058)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

21,951

30,219

Current assets

 

Debtors

5

9,571

15,738

Cash at bank and in hand

 

13,093

16,795

 

22,664

32,533

Creditors: Amounts falling due within one year

6

(71,591)

(78,197)

Net current liabilities

 

(48,927)

(45,664)

Net liabilities

 

(26,976)

(15,445)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(27,076)

(15,545)

Shareholders' deficit

 

(26,976)

(15,445)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 15 September 2024
 


Mr G A Bush
Director

 

Marine & Construction Services (Dartmouth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Petitor House
Nicholson Road
Torquay
Devon
TQ2 7TD

Principal activity

The principal activity of the company is that of waterborne and building works.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Marine & Construction Services (Dartmouth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

Straight line over 10 years

Fittings, fixtures and equipment

25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

 

Marine & Construction Services (Dartmouth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

Marine & Construction Services (Dartmouth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

1,730

80,131

81,861

At 31 March 2024

1,730

80,131

81,861

Depreciation

At 1 April 2023

1,361

50,281

51,642

Charge for the year

255

8,013

8,268

At 31 March 2024

1,616

58,294

59,910

Carrying amount

At 31 March 2024

114

21,837

21,951

At 31 March 2023

369

29,850

30,219

5

Debtors

2024
£

2023
£

Trade debtors

5,623

5,588

Prepayments

3,948

10,150

9,571

15,738

 

Marine & Construction Services (Dartmouth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

524

383

Accruals and deferred income

826

747

Other creditors

70,241

77,067

71,591

78,197

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8

Related party transactions

Transactions with the director

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Director

(77,067)

(2,174)

9,000

(70,241)

         
       

 

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Director

(77,794)

(5,321)

6,048

(77,067)