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REGISTERED NUMBER: 07891332 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

MEC Marine & Offshore Limited

MEC Marine & Offshore Limited (Registered number: 07891332)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MEC Marine & Offshore Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P R Cairns
D E Cairns





SECRETARY: D E Cairns





REGISTERED OFFICE: 7A Ashville Avenue
Eaglescliffe
STOCKTON ON TEES
Cleveland
TS16 9AU





REGISTERED NUMBER: 07891332 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

MEC Marine & Offshore Limited (Registered number: 07891332)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 273,895 273,895

CURRENT ASSETS
Cash at bank 1,491,489 1,474,423

CREDITORS
Amounts falling due within one year 5 5,576 1,573
NET CURRENT ASSETS 1,485,913 1,472,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,759,808

1,746,745

CAPITAL AND RESERVES
Called up share capital 6 202 202
Retained earnings 1,759,606 1,746,543
SHAREHOLDERS' FUNDS 1,759,808 1,746,745

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





D E Cairns - Director


MEC Marine & Offshore Limited (Registered number: 07891332)

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

1. STATUTORY INFORMATION

MEC Marine & Offshore 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Basic financial instruments are measured at amortised cost with changes recognised in profit or loss.

Preparation of consolidated financial statements
The financial statements contain information about MEC Marine & Offshore Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 273,895
NET BOOK VALUE
At 31 March 2024 273,895
At 31 March 2023 273,895

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 4,156 223
Accruals and deferred income 1,420 1,350
5,576 1,573

MEC Marine & Offshore Limited (Registered number: 07891332)

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

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
102 Ordinary £1 102 102
100 A Ordinary £1 100 100
202 202

'' A '' Ordinary £1 shares are non-voting, repayable at par on a winding up, and have an entitlement to receive dividends independently of other classes of share.