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REGISTERED NUMBER: SC202309 (Scotland)














Marine Propeller Systems Ltd.

Unaudited Financial Statements

For The Year Ended 31 December 2024






Marine Propeller Systems Ltd. (by shares) (Registered number: SC202309)






Contents of the Financial Statements
For The Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2


Marine Propeller Systems Ltd. (by shares)

Company Information
For The Year Ended 31 December 2024







DIRECTORS: Brian Albert Yuill
Angus McDougall Watt





SECRETARY: Brian Albert Yuill





REGISTERED OFFICE: 16 Muir Street
Hamilton
ML3 6EP





REGISTERED NUMBER: SC202309 (Scotland)





ACCOUNTANTS: Accountants Plus
Upper Floor, Unit 1
1 Cadzow Park
82 Muir Street
Hamilton
ML3 6BJ

Marine Propeller Systems Ltd. (by shares) (Registered number: SC202309)

Balance Sheet
31 December 2024

31.12.24 31.12.23
£    £   
CURRENT ASSETS 693,745 655,159

CREDITORS
Amounts falling due within one year (55,268 ) (155,629 )
NET CURRENT ASSETS 638,477 499,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

638,477

499,530

CAPITAL AND RESERVES 638,477 499,530

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

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

2. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Brian Albert Yuill and Angus McDougall Watt
Balance outstanding at start of year (84,994 ) (80,278 )
Amounts advanced 153,728 42,447
Amounts repaid (32,124 ) (47,163 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,610 (84,994 )

The amounts shown as advanced and repaid in the year are shown as aggregated amounts. The loans are interest free and repayable on demand..



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Marine Propeller Systems Ltd. (by shares) (Registered number: SC202309)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:





Brian Albert Yuill - Director