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Registration number: 10421152

Cooper Marine Advisors Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Cooper Marine Advisors Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Cooper Marine Advisors Limited

Company Information

Director

Mr W S J Cooper

Registered office

38 Rumbridge Street
Totton
Southampton
Hampshire
SO40 9DS

Accountants

R. A. Jones & Co
Chartered Accountants
38 Rumbridge Street
Totton
Southampton
Hampshire
SO40 9DS

 

Cooper Marine Advisors Limited

(Registration number: 10421152)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,258

749

Current assets

 

Debtors

5

29,095

8,154

Cash at bank and in hand

 

22,331

19,804

 

51,426

27,958

Creditors: Amounts falling due within one year

6

(17,018)

(8,650)

Net current assets

 

34,408

19,308

Total assets less current liabilities

 

35,666

20,057

Provisions for liabilities

(239)

(142)

Net assets

 

35,427

19,915

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

34,427

18,915

Shareholders' funds

 

35,427

19,915

For the financial year ending 31 March 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Directors' Report and Profit and Loss Account.

Approved and authorised by the director on 28 November 2024
 

Mr W S J Cooper

Director

 

Cooper Marine Advisors Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
38 Rumbridge Street
Totton
Southampton
Hampshire
SO40 9DS
England

The principal place of business is:
5 Noads Close
Dibden Purlieu
Southampton
Hampshire
SO45 4NR
England

These financial statements were authorised for issue by the director on 28 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the provision of services to customers.

Revenue is recognised to the extent that the company obtains the right to consideration for its' performance.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Cooper Marine Advisors Limited

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25.00-33.33% reducing balance basis

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Cooper Marine Advisors Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

4,476

4,476

Additions

958

958

Disposals

(1,826)

(1,826)

At 31 March 2024

3,608

3,608

Depreciation

At 1 April 2023

3,727

3,727

Charge for the year

448

448

Eliminated on disposal

(1,825)

(1,825)

At 31 March 2024

2,350

2,350

Carrying amount

At 31 March 2024

1,258

1,258

At 31 March 2023

749

749

5

Debtors

Current

2024
£

2023
£

Trade debtors

26,539

5,771

Prepayments

2,556

2,383

 

29,095

8,154

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

12,069

4,120

Accruals and deferred income

3,032

2,720

Other creditors

1,917

1,810

17,018

8,650