MARINE DETAIL IOW LIMITED

Company Registration Number:
14117122 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

MARINE DETAIL IOW LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

MARINE DETAIL IOW LIMITED

Company Information

for the Period Ended 31 May 2024




Director: Mark Thaddeus Otto
Megan Kennedy
Registered office: Unit 2
Kingston Boatyard
Kingston Road
East Cowes
Isle Of Wight
England
PO32 6JS
Company Registration Number: 14117122 (England and Wales)

MARINE DETAIL IOW LIMITED

Directors' Report Period Ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal Activities

Maintenance and Servicing of Yachts

Directors

The director(s) shown below were appointed to the company during the period
Mark Thaddeus Otto
26 June 2023
Megan Kennedy
26 October 2023

This report was approved by the board of directors on 14 January 2025
And Signed On Behalf Of The Board By:

Name: Mark Thaddeus Otto
Status: Director

MARINE DETAIL IOW LIMITED

Profit and Loss Account

for the Period Ended 31 May 2024


Notes

2024
£

2023
£
Turnover 89,068 0
Cost of sales ( 28,377 ) ( 0 )
Gross Profit or (Loss) 60,691 0
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 73,436 ) ( 0 )
Other operating income - 0
Operating Profit or (Loss) ( 12,745 ) 0
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 873 ) -
Profit or (Loss) Before Tax ( 13,618 ) 0
Profit or (Loss) for Period ( 13,618 ) 0

The notes form part of these financial statements

MARINE DETAIL IOW LIMITED

Balance sheet

As at 31 May 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 18,577 0
Total fixed assets: 18,577 0
Current assets
Stocks: 0 0
Debtors: 5 11,896 0
Cash at bank and in hand: 6,961 2
Total current assets: 18,857 2
Prepayments and accrued income: 413 0
Creditors: amounts falling due within one year: 6 ( 9,481 ) ( 0 )
Net current assets (liabilities): 9,789 2
Total assets less current liabilities: 28,366 2
Creditors: amounts falling due after more than one year: 7 ( 16,909 ) ( 0 )
Total net assets (liabilities): 11,457 2

The notes form part of these financial statements

MARINE DETAIL IOW LIMITED

Balance sheet continued

As at 31 May 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 25,075 2
Profit and loss account: ( 13,618 ) 0
Shareholders funds: 11,457 2

For the year ending 31 May 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 14 January 2025
And Signed On Behalf Of The Board By:

Name: Mark Thaddeus Otto
Status: Director

The notes form part of these financial statements

MARINE DETAIL IOW LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MARINE DETAIL IOW LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 0

MARINE DETAIL IOW LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

MARINE DETAIL IOW LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible assets

Plant & machinery Motor vehicles Total
Cost £ £ £
At 01 June 2023 - 0 0
Additions - 20,517 20,517
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 May 2024 - 20,517 20,517
Depreciation
At 01 June 2023 - - -
Charge for year - 1,940 1,940
On disposals - - -
Other adjustments - - -
At 31 May 2024 - 1,940 1,940
Net book value
At 31 May 2024 - 18,577 18,577
At 31 May 2023 - 0 0

MARINE DETAIL IOW LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Debtors


2024
£

2023
£
Trade debtors 11,896 0
Total 11,896 0

MARINE DETAIL IOW LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 9,481 0
Total 9,481 0

MARINE DETAIL IOW LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 16,909 0
Total 16,909 0

Loan from shareholder