Silverfin false false 30/04/2024 01/05/2023 30/04/2024 D Jenkins 11/02/2016 25 September 2024 The principal activity of the Company during the financial year was service activities incidental to water transportation. 09999288 2024-04-30 09999288 bus:Director1 2024-04-30 09999288 2023-04-30 09999288 core:CurrentFinancialInstruments 2024-04-30 09999288 core:CurrentFinancialInstruments 2023-04-30 09999288 core:ShareCapital 2024-04-30 09999288 core:ShareCapital 2023-04-30 09999288 core:RetainedEarningsAccumulatedLosses 2024-04-30 09999288 core:RetainedEarningsAccumulatedLosses 2023-04-30 09999288 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-04-30 09999288 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-04-30 09999288 core:ImmediateParent core:CurrentFinancialInstruments 2024-04-30 09999288 core:ImmediateParent core:CurrentFinancialInstruments 2023-04-30 09999288 2023-05-01 2024-04-30 09999288 bus:FilletedAccounts 2023-05-01 2024-04-30 09999288 bus:SmallEntities 2023-05-01 2024-04-30 09999288 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 09999288 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09999288 bus:Director1 2023-05-01 2024-04-30 09999288 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 09999288 (England and Wales)

JENKINS MARINE OILFIELD SERVICES LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

JENKINS MARINE OILFIELD SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

JENKINS MARINE OILFIELD SERVICES LIMITED

BALANCE SHEET

As at 30 April 2024
JENKINS MARINE OILFIELD SERVICES LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Current assets
Stocks 3 6,000 7,170
Debtors 4 440,598 317,458
Cash at bank and in hand 75,883 43,234
522,481 367,862
Creditors: amounts falling due within one year 5 ( 383,771) ( 299,625)
Net current assets 138,710 68,237
Total assets less current liabilities 138,710 68,237
Net assets 138,710 68,237
Capital and reserves
Called-up share capital 100 100
Profit and loss account 138,610 68,137
Total shareholder's funds 138,710 68,237

For the financial year ending 30 April 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 financial statements of Jenkins Marine Oilfield Services Limited (registered number: 09999288) were approved and authorised for issue by the Director on 25 September 2024. They were signed on its behalf by:

D Jenkins
Director
JENKINS MARINE OILFIELD SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
JENKINS MARINE OILFIELD SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Jenkins Marine Oilfield Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Office Container New Harbour Road West Hamworthy, Poole, Dorset, United Kingdom, BH15 4AJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 17 14

3. Stocks

2024 2023
£ £
Stocks 6,000 6,000
Work in progress 0 1,170
6,000 7,170

4. Debtors

2024 2023
£ £
Trade debtors 219,148 95,777
Amounts owed by related parties 220,000 220,000
Other debtors 1,450 1,681
440,598 317,458

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 15,194 10,853
Amounts owed to Parent undertakings 299,900 199,900
Taxation and social security 61,778 82,755
Other creditors 6,899 6,117
383,771 299,625

6. Ultimate controlling party

Parent Company:

Jenkins Marine Holdings Ltd