Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity33truetruefalse SC188306 2023-06-01 2024-05-31 SC188306 2022-06-01 2023-05-31 SC188306 2024-05-31 SC188306 2023-05-31 SC188306 c:Director1 2023-06-01 2024-05-31 SC188306 c:Director2 2023-06-01 2024-05-31 SC188306 c:Director3 2023-06-01 2024-05-31 SC188306 c:RegisteredOffice 2023-06-01 2024-05-31 SC188306 d:PlantMachinery 2023-06-01 2024-05-31 SC188306 d:PlantMachinery 2024-05-31 SC188306 d:PlantMachinery 2023-05-31 SC188306 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC188306 d:MotorVehicles 2023-06-01 2024-05-31 SC188306 d:MotorVehicles 2024-05-31 SC188306 d:MotorVehicles 2023-05-31 SC188306 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC188306 d:FurnitureFittings 2023-06-01 2024-05-31 SC188306 d:FurnitureFittings 2024-05-31 SC188306 d:FurnitureFittings 2023-05-31 SC188306 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC188306 d:OfficeEquipment 2023-06-01 2024-05-31 SC188306 d:OfficeEquipment 2024-05-31 SC188306 d:OfficeEquipment 2023-05-31 SC188306 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC188306 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 SC188306 d:CurrentFinancialInstruments 2024-05-31 SC188306 d:CurrentFinancialInstruments 2023-05-31 SC188306 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 SC188306 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 SC188306 d:ShareCapital 2024-05-31 SC188306 d:ShareCapital 2023-05-31 SC188306 d:RetainedEarningsAccumulatedLosses 2024-05-31 SC188306 d:RetainedEarningsAccumulatedLosses 2023-05-31 SC188306 c:OrdinaryShareClass1 2023-06-01 2024-05-31 SC188306 c:OrdinaryShareClass1 2024-05-31 SC188306 c:OrdinaryShareClass1 2023-05-31 SC188306 c:FRS102 2023-06-01 2024-05-31 SC188306 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC188306 c:FullAccounts 2023-06-01 2024-05-31 SC188306 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC188306 2 2023-06-01 2024-05-31 SC188306 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC188306










MARINE SUPPORT (TAYSIDE) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

 
MARINE SUPPORT (TAYSIDE) LIMITED
 

COMPANY INFORMATION


DIRECTORS
Andrew Leslie 
James Leslie 
Sarah Leslie 




REGISTERED NUMBER
SC188306



REGISTERED OFFICE
3L 35 Scott Street

Dundee

DD2 2AL




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
MARINE SUPPORT (TAYSIDE) LIMITED
REGISTERED NUMBER: SC188306

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
1,297
8,963

  
1,297
8,963

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
403,928
674,728

Cash at bank and in hand
  
462,698
160,511

  
866,626
835,239

Creditors: amounts falling due within one year
 6 
(10,647)
(4,163)

NET CURRENT ASSETS
  
 
 
855,979
 
 
831,076

TOTAL ASSETS LESS CURRENT LIABILITIES
  
857,276
840,039

  

NET ASSETS
  
857,276
840,039


CAPITAL AND RESERVES
  

Called up share capital 
  
2
2

Profit and loss account
  
857,274
840,037

  
857,276
840,039


Page 1

 
MARINE SUPPORT (TAYSIDE) LIMITED
REGISTERED NUMBER: SC188306

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 November 2024.



Andrew Leslie
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
MARINE SUPPORT (TAYSIDE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


GENERAL INFORMATION

Marine Support (Tayside) Limited is a pivate limited company limited by shares incorporated in Scotland with registration number SC188306. The registered office is 3L 35 Scott Street, Dundee, DD2 2AL, this is also principal place of business.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
MARINE SUPPORT (TAYSIDE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.5
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25% Straight line
Motor vehicles
-
25% Straight line
Fixtures and fittings
-
33% Straight line
Office equipment
-
25% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


EMPLOYEES




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
MARINE SUPPORT (TAYSIDE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



COST OR VALUATION


At 1 June 2023
337,110
81,364
12,187
6,837
437,498


Disposals
(148,865)
(81,364)
(12,187)
(6,837)
(249,253)



At 31 May 2024

188,245
-
-
-
188,245



DEPRECIATION


At 1 June 2023
331,926
77,585
12,187
6,837
428,535


Charge for the year on owned assets
3,887
-
-
-
3,887


Disposals
(148,865)
(77,585)
(12,187)
(6,837)
(245,474)



At 31 May 2024

186,948
-
-
-
186,948



NET BOOK VALUE



At 31 May 2024
1,297
-
-
-
1,297



At 31 May 2023
5,184
3,779
-
-
8,963


5.


DEBTORS

2024
2023
£
£


Other debtors
403,928
674,728

403,928
674,728



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other taxation and social security
6,484
-

Accruals and deferred income
4,163
4,163

10,647
4,163


Page 5

 
MARINE SUPPORT (TAYSIDE) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



8.


DIRECTORS' BENEFITS: ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is a loan to the directors totalling £179,594 (2022: £674,728). Interest at a rate of 2.02% has been charged and the loan is repayable on demand.


Page 6