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REGISTERED NUMBER: SC425590 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

CLS Marine Ltd

CLS Marine Ltd (Registered number: SC425590)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLS Marine Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr D Patience
Mrs F A Patience





REGISTERED OFFICE: 14 Glenugie View
Peterhead
Aberdeenshire
AB42 2RW





REGISTERED NUMBER: SC425590 (Scotland)





ACCOUNTANTS: SBP
Accountants
Glebefield House
21 Links Terrace
Peterhead
Aberdeenshire
AB42 2XA

CLS Marine Ltd (Registered number: SC425590)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 669 999

CURRENT ASSETS
Debtors 5 43,090 50,282
Cash at bank 10 10
43,100 50,292
CREDITORS
Amounts falling due within one year 6 27,248 34,130
NET CURRENT ASSETS 15,852 16,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,521

17,161

CREDITORS
Amounts falling due after more than one
year

7

(15,717

)

(16,937

)

PROVISIONS FOR LIABILITIES (127 ) (190 )
NET ASSETS 677 34

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 667 24
SHAREHOLDERS' FUNDS 677 34

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

CLS Marine Ltd (Registered number: SC425590)

Balance Sheet - continued
30 June 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 16 January 2025 and were signed on its behalf by:





Mrs F A Patience - Director


CLS Marine Ltd (Registered number: SC425590)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

CLS Marine Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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 ) .

CLS Marine Ltd (Registered number: SC425590)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023
and 30 June 2024 999
DEPRECIATION
Charge for year 330
At 30 June 2024 330
NET BOOK VALUE
At 30 June 2024 669
At 30 June 2023 999

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 43,090 50,282

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 5,342 6,131
Trade creditors 1,044 932
Taxation and social security 17,472 24,144
Other creditors 3,390 2,923
27,248 34,130

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 15,717 16,937

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,157 3,604

CLS Marine Ltd (Registered number: SC425590)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mr D Patience
Balance outstanding at start of year 19,308 21,465
Amounts advanced 11,121 16,885
Amounts repaid (14,964 ) (19,042 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,465 19,308

Mrs F A Patience
Balance outstanding at start of year 16,453 20,886
Amounts advanced 11,057 10,385
Amounts repaid (14,893 ) (14,818 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,617 16,453