REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
SeaSkye Marine Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
SeaSkye Marine Ltd |
SeaSkye Marine Ltd (Registered number: SC571733) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Balance Sheet | 1 |
Chartered Accountants' Report | 3 |
SeaSkye Marine Ltd (Registered number: SC571733) |
Balance Sheet |
31 December 2023 |
31/12/23 | 31/12/22 |
£ | £ | £ | £ |
FIXED ASSETS |
CURRENT ASSETS |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES | ( |
) | ( |
) |
NOTES TO THE FINANCIAL STATEMENTS |
1. | STATUTORY INFORMATION |
SeaSkye Marine Ltd is a |
Registered number: |
Registered office: |
2. | POST BALANCE SHEET EVENT |
Due to continued unfavourable trading conditions the directors decided on 31 July 2024 the company would cease to trade. |
3. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the year was |
4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022: |
31/12/23 | 31/12/22 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The advances are interest free and the outstanding balance is repayable on demand. |
SeaSkye Marine Ltd (Registered number: SC571733) |
Balance Sheet - continued |
31 December 2023 |
NOTES TO THE FINANCIAL STATEMENTS |
5. | SECURITY |
Bank loans and overdrafts amounting to £302,643 (2022 £321,429) are secured by a floating charge over the company's assets and fixed charges over two vessels. |
6. | GOING CONCERN |
As explained in note 2, the company ceased to trade on 31 July 2024. The financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where appropriate, writing down assets to recoverable amounts. |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
SeaSkye Marine Ltd |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement is not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SeaSkye Marine Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. |
This report is made solely to the Board of Directors of SeaSkye Marine Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SeaSkye Marine Ltd and state those matters that we have agreed to state to the Board of Directors of SeaSkye Marine Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that SeaSkye Marine Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of SeaSkye Marine Ltd. You consider that SeaSkye Marine Ltd is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of SeaSkye Marine Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Campbell Stewart MacLennan & Co |
Chartered Accountants |
Unit 3, Broom Place |
Portree |
Highland |
IV51 9HL |