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REGISTERED NUMBER: 12416270 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Demopro Marine Limited

Demopro Marine Limited (Registered number: 12416270)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Demopro Marine Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr Shayne Berry
Mr Lee Berry
Mr Wesley Clark Morrison
Mr Peter George Morrison





REGISTERED OFFICE: K2 Building
Bond Street
Hull
East Yorkshire
HU1 3TG





REGISTERED NUMBER: 12416270 (England and Wales)





ACCOUNTANTS: JT Accountancy Services Limited
Office 506, K2 Building
Hull
Humberside
HU1 3EN

Demopro Marine Limited (Registered number: 12416270)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,552 35,596

CURRENT ASSETS
Debtors 5,954 5,549
Cash at bank 19,111 38,961
25,065 44,510
CREDITORS
Amounts falling due within one year 37,027 33,768
NET CURRENT (LIABILITIES)/ASSETS (11,962 ) 10,742
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,590

46,338

CREDITORS
Amounts falling due after more than one
year

12,268

-
NET ASSETS 53,322 46,338

CAPITAL AND RESERVES
Called up share capital 5 504 504
Retained earnings 52,818 45,834
SHAREHOLDERS' FUNDS 53,322 46,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Demopro Marine Limited (Registered number: 12416270)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2024 and were signed on its behalf by:





Mr Shayne Berry - Director


Demopro Marine Limited (Registered number: 12416270)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Demopro Marine Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Demopro Marine Limited (Registered number: 12416270)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 64,467
Additions 57,897
At 31 January 2024 122,364
DEPRECIATION
At 1 February 2023 28,871
Charge for year 15,941
At 31 January 2024 44,812
NET BOOK VALUE
At 31 January 2024 77,552
At 31 January 2023 35,596

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
500 Ordinary £1 500 500
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
504 504

6. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is not one ultimate controlling party.