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COMPANY REGISTRATION NUMBER: 8915170
Haven Marine Services (Milford Haven) Limited
Filleted Unaudited Financial Statements
29 February 2024
Haven Marine Services (Milford Haven) Limited
Financial Statements
Year ended 29 February 2024
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 3
Haven Marine Services (Milford Haven) Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
Current assets
Debtors
4
5
697
Cash at bank and in hand
7,642
7,521
-------
-------
7,647
8,218
Creditors: amounts falling due within one year
5
( 8,979)
( 29,451)
-------
--------
Net current liabilities
( 1,332)
( 21,233)
-------
--------
Total assets less current liabilities
( 1,332)
( 21,233)
-------
--------
Capital and reserves
Called up share capital
6
2
2
Profit and loss account
( 1,334)
( 21,235)
-------
--------
Shareholders deficit
( 1,332)
( 21,233)
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 November 2024 , and are signed on behalf of the board by:
Mr S Arnold
Director
Company registration number: 8915170
Haven Marine Services (Milford Haven) Limited
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Dry Dock, Milford Marina, Milford Haven, Pembrokeshire, SA73 3DJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Debtors
2024
2023
£
£
Other debtors
5
697
----
----
Other debtors include an amount of £nil (29 February 2024 - £nil) falling due after more than one year.
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,485
27,956
Other creditors
1,494
1,495
-------
--------
8,979
29,451
-------
--------
6. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
7. Related party transactions
During the period the company paid dividends totalling £80,000 (29 February 2024 - £nil) to the shareholders.