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REGISTERED NUMBER: 11170826 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

SHEARWATER ENGINEERING & MARINE
CONSULTANTS LIMITED

SHEARWATER ENGINEERING & MARINE
CONSULTANTS LIMITED (REGISTERED NUMBER: 11170826)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHEARWATER ENGINEERING & MARINE
CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: H M Wren
D J Wren



REGISTERED OFFICE: 10 Nicholas Street
Chester
United Kingdom
Cheshire
CH1 2NX



REGISTERED NUMBER: 11170826 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
10 Nicholas Street
Chester
CH1 2NX



BANKERS: Santander UK plc
Bridle Road
Bootle
L30 4GB

SHEARWATER ENGINEERING & MARINE
CONSULTANTS LIMITED (REGISTERED NUMBER: 11170826)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,244 1,886

CURRENT ASSETS
Debtors 5 24,397 12,298
Cash at bank 5,259 3,936
29,656 16,234
CREDITORS
Amounts falling due within one year 6 27,795 19,837
NET CURRENT ASSETS/(LIABILITIES) 1,861 (3,603 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,105

(1,717

)

PROVISIONS FOR LIABILITIES 7 236 358
NET ASSETS/(LIABILITIES) 2,869 (2,075 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 2,769 (2,175 )
SHAREHOLDERS' FUNDS 2,869 (2,075 )

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 directors acknowledge their 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.

SHEARWATER ENGINEERING & MARINE
CONSULTANTS LIMITED (REGISTERED NUMBER: 11170826)

BALANCE SHEET - continued
31ST MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st November 2024 and were signed on its behalf by:





D J Wren - Director


SHEARWATER ENGINEERING & MARINE
CONSULTANTS LIMITED (REGISTERED NUMBER: 11170826)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Shearwater Engineering & Marine Consultants 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Monetary amounts in these financial statements are rounded to the nearest £.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SHEARWATER ENGINEERING & MARINE
CONSULTANTS LIMITED (REGISTERED NUMBER: 11170826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st April 2023
and 31st March 2024 4,333
DEPRECIATION
At 1st April 2023 2,447
Charge for year 642
At 31st March 2024 3,089
NET BOOK VALUE
At 31st March 2024 1,244
At 31st March 2023 1,886

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 23,985 11,905
Prepayments 412 393
24,397 12,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 15,229 5,998
Tax 1,834 277
Social security and other taxes 180 143
VAT 1,303 744
Directors' current accounts 7,199 11,575
Accruals and deferred income 2,050 1,100
27,795 19,837

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 236 358

Deferred
tax
£   
Balance at 1st April 2023 358
Movements in year due to:
Changes in tax allowance (122 )
Balance at 31st March 2024 236

SHEARWATER ENGINEERING & MARINE
CONSULTANTS LIMITED (REGISTERED NUMBER: 11170826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1st April 2023 (2,175 )
Profit for the year 6,944
Dividends (2,000 )
At 31st March 2024 2,769