2023-08-01 05883701 2024-07-31 05883701 2023-08-01 2024-07-31 05883701 2023-07-31 05883701 2022-08-01 2023-07-31 05883701 uk-core:WithinOneYear 2023-07-31 05883701 uk-core:WithinOneYear 2024-07-31 05883701 uk-core:ShareCapital 2024-07-31 05883701 uk-core:ShareCapital 2023-07-31 05883701 uk-core:RetainedEarningsAccumulatedLosses 2024-07-31 05883701 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 05883701 uk-bus:Director1 2023-08-01 2024-07-31 05883701 uk-core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 05883701 uk-core:WithinOneYear 2024-07-31 05883701 uk-core:WithinOneYear 2023-07-31 iso4217:GBP xbrli:pure 05883701 uk-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 05883701 uk-bus:FRS102 2023-08-01 2024-07-31 05883701 uk-bus:FilletedAccounts 2023-08-01 2024-07-31 05883701 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31
MARINE SAFETY SOLUTIONS LIMITED
Registered Number:05883701
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2024
MARINE SAFETY SOLUTIONS LIMITED
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05883701
As at 31 July 2024
MARINE SAFETY SOLUTIONS LIMITED
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
840
840
2
840
840
Current assets
Inventories
5,900
5,100
3
Trade and other receivables
1,280
822
4
26,802
Cash and cash equivalents
43,868
49,790
33,982
Trade and other payables: amounts falling due within one
year
(27,417)
(27,389)
5
6,565
22,401
Net current assets
Total assets less current liabilities
23,241
7,405
23,241
Net assets
7,405
Capital and reserves
Called up share capital
2
2
Retained earnings
23,239
7,403
23,241
7,405
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
JOHN WELLS Director
These financial statements were approved and authorised for issue by the Board on 30 November 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 July 2024
MARINE SAFETY SOLUTIONS LIMITED
Notes to the Financial Statements
Statutory Information
MARINE SAFETY SOLUTIONS LIMITED is a private limited company, limited by shares, domiciled in England and
Wales, registration number 05883701.
Registered address:
UNIT 104
LADY LANE IND ESTATE
LADY LANE
HADLEIGH SUFFOLK
IP7 6BQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
10 Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 July 2024
MARINE SAFETY SOLUTIONS LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 August 2023
1,540
At 31 July 2024
1,540
Provision for depreciation and impairment
At 01 August 2023
700
At 31 July 2024
700
At 31 July 2024
Net book value
840
At 31 July 2023
840
3. Inventories
2023
2024
£
£
Stocks
5,100
5,900
4. Trade and other receivables
2023
2024
£
£
Other debtors
822
1,280
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
525
-
Trade creditors
1
(1)
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
17,000
20,000
Taxation and social security
9,863
5,148
Other creditors
-
2,270
27,389
27,417
6. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
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