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Company Registration No. SC654882 (Scotland)
TASKER MARINE SERVICES LTD Unaudited accounts for the year ended 29 February 2024
TASKER MARINE SERVICES LTD Unaudited accounts Contents
Page
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TASKER MARINE SERVICES LTD Company Information for the year ended 29 February 2024
Director
William Tasker
Secretary
Terri Tasker
Company Number
SC654882 (Scotland)
Registered Office
35 McIntosh Parade Kirkcaldy KY2 6RA United Kingdom
Accountants
Scott Accountancy Services 119 Lanchester Avenue Gateshead Tyne & Wear NE9 7AN
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TASKER MARINE SERVICES LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,215 
22,403 
Current assets
Debtors
7,603 
18,796 
Cash at bank and in hand
27,981 
28,202 
35,584 
46,998 
Creditors: amounts falling due within one year
(14,536)
(18,496)
Net current assets
21,048 
28,502 
Net assets
57,263 
50,905 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
57,260 
50,902 
Shareholders' funds
57,263 
50,905 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 November 2024 and were signed on its behalf by
William Tasker Director Company Registration No. SC654882
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TASKER MARINE SERVICES LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
TASKER MARINE SERVICES LTD is a private company, limited by shares, registered in Scotland, registration number SC654882. The registered office is 35 McIntosh Parade, Kirkcaldy, KY2 6RA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
33.33% Straight Line
Increased travel costs
The directors were mindful of increasing travel costs through out the period and as such limited the exposure of these by bidding on jobs closer to home. Due to job prices being agreed in advance and prices increasing at a rapid rate day on day they made the operational decision to limit exposure to these fearing that longer trips had greater exposure to profits being eroded more than shorter trips. In the event this may have proved to be the correct decision as while turnover and profitability suffered during the period sufficient income was still generated to cover costs and provide dividends.
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TASKER MARINE SERVICES LTD Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
3,420 
14,579 
15,684 
3,497 
37,180 
Additions
3,045 
20,000 
- 
1,527 
24,572 
At 29 February 2024
6,465 
34,579 
15,684 
5,024 
61,752 
Depreciation
At 1 March 2023
1,469 
8,427 
2,616 
2,265 
14,777 
Charge for the year
749 
6,538 
2,352 
1,121 
10,760 
At 29 February 2024
2,218 
14,965 
4,968 
3,386 
25,537 
Net book value
At 29 February 2024
4,247 
19,614 
10,716 
1,638 
36,215 
At 28 February 2023
1,951 
6,152 
13,068 
1,232 
22,403 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,597 
2,473 
Amounts falling due after more than one year
Trade debtors
6,006 
16,323 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,754 
2,823 
Taxes and social security
5,782 
15,762 
Accruals
- 
(89)
14,536 
18,496 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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