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REGISTERED NUMBER: 07856308 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

MARITIME TECHNICAL SOLUTIONS LIMITED

MARITIME TECHNICAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07856308)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MARITIME TECHNICAL SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31ST MARCH 2024







DIRECTOR: M I Tanner





REGISTERED OFFICE: Monksbrook House
13-17 Hursley Road
Chandler's Ford
Eastleigh
Hampshire
SO53 2FW





REGISTERED NUMBER: 07856308 (England and Wales)





ACCOUNTANTS: Underwood Barron Associates Limited
13 Hursley Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FW

MARITIME TECHNICAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07856308)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,574 26,108
20,574 26,108

CURRENT ASSETS
Debtors 6 657 3,184
Cash at bank 244,892 315,507
245,549 318,691
CREDITORS
Amounts falling due within one year 7 12,862 61,011
NET CURRENT ASSETS 232,687 257,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,261

283,788

PROVISIONS FOR LIABILITIES 3,909 4,621
NET ASSETS 249,352 279,167

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 249,350 279,165
SHAREHOLDERS' FUNDS 249,352 279,167

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th November 2024 and were signed by:



M I Tanner - Director


MARITIME TECHNICAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07856308)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST MARCH 2024

1. STATUTORY INFORMATION

Maritime Technical Solutions 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 represents the income derived from the company's principal activity and is stated net of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, has been amortised evenly over its estimated useful life of four years.

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 etc - 33% on cost and 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MARITIME TECHNICAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07856308)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST MARCH 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 25,000
AMORTISATION
At 1st April 2023
and 31st March 2024 25,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 43,952
Additions 1,167
At 31st March 2024 45,119
DEPRECIATION
At 1st April 2023 17,845
Charge for year 6,700
At 31st March 2024 24,545
NET BOOK VALUE
At 31st March 2024 20,574
At 31st March 2023 26,107

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 657 3,184

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 298 -
Taxation and social security 3,540 11,152
Other creditors 9,024 49,859
12,862 61,011

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the director Mr M I Tanner.