Company Registration No. 07739668 (England and Wales)
Si. Marine Services Limited
Unaudited accounts
for the year ended 31 March 2024
Si. Marine Services Limited
Unaudited accounts
Contents
Si. Marine Services Limited
Company Information
for the year ended 31 March 2024
Company Number
07739668 (England and Wales)
Registered Office
10 Fennels Close
Haverhill
CB
United Kingdom
Si. Marine Services Limited
Statement of financial position
as at 31 March 2024
Tangible assets
105,060
6,262
Cash at bank and in hand
21,734
16,774
Creditors: amounts falling due within one year
(60,918)
(57,883)
Net current liabilities
(39,184)
(38,066)
Total assets less current liabilities
65,876
(31,804)
Provisions for liabilities
Deferred tax
(19,962)
(1,190)
Net assets/(liabilities)
45,914
(32,994)
Called up share capital
1
1
Profit and loss account
45,913
(32,995)
Shareholders' funds
45,914
(32,994)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 24 September 2024 and were signed on its behalf by
Simon Farrant
Director
Company Registration No. 07739668
Si. Marine Services Limited
Notes to the Accounts
for the year ended 31 March 2024
Si. Marine Services Limited is a private company, limited by shares, registered in England and Wales, registration number 07739668. The registered office is 10 Fennels Close, Haverhill, CB, United Kingdom.
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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Assets have been revalued when appropriate to reflect true market value. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight line between 3 and 10 years
Motor vehicles
33% Reducing balance
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At valuation
At cost
At cost
At 1 April 2023
64,295
11,427
2,118
77,840
Additions
25,000
-
-
25,000
Revaluations
15,765
-
-
15,765
Disposals
-
(11,427)
(2,118)
(13,545)
At 31 March 2024
105,060
-
-
105,060
At 1 April 2023
58,033
11,427
2,118
71,578
Charge for the year
6,262
-
-
6,262
Surplus on revaluation
(64,295)
-
-
(64,295)
On disposals
-
(11,427)
(2,118)
(13,545)
At 31 March 2024
105,060
-
-
105,060
At 31 March 2023
6,262
-
-
6,262
Si. Marine Services Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
686
423
Loans from directors
59,857
57,085
As at 31 March 2024 within creditors there was a balance owed to the director of £59,857 (2023 - £57,085). The loan has been provided interest free, with no fixed repayment date.
Dividends allocated to the director for the year ended 31 March 2024 equated to £nil (2023 - £nil)
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).