MARINE DRIVE CONSULTING LTD

Company Registration Number:
07635602 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

MARINE DRIVE CONSULTING LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MARINE DRIVE CONSULTING LTD

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

Directors

The director shown below has held office during the whole of the period from
1 June 2023 to 31 May 2024

Mr Deepak Malhotra


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 February 2025

And signed on behalf of the board by:
Name: Mr Deepak Malhotra
Status: Director

MARINE DRIVE CONSULTING LTD

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 6,000 53,875
Cost of sales: 0 0
Gross profit(or loss): 6,000 53,875
Administrative expenses: ( 34,261 ) ( 74,872 )
Operating profit(or loss): (28,261) (20,997)
Interest receivable and similar income: 2,586 1,999
Interest payable and similar charges: ( 149 )
Profit(or loss) before tax: (25,824) (18,998)
Tax: ( 12 ) ( 380 )
Profit(or loss) for the financial year: (25,836) (19,378)

MARINE DRIVE CONSULTING LTD

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 0 3,111
Total fixed assets: 0 3,111
Current assets
Debtors: 4 21,592 31,791
Cash at bank and in hand: 101,391 90,465
Total current assets: 122,983 122,256
Creditors: amounts falling due within one year: 5 ( 24,733 ) ( 1,280 )
Net current assets (liabilities): 98,250 120,976
Total assets less current liabilities: 98,250 124,087
Total net assets (liabilities): 98,250 124,087
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 98,248 124,085
Total Shareholders' funds: 98,250 124,087

The notes form part of these financial statements

MARINE DRIVE CONSULTING LTD

Balance sheet statements

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 28 February 2025
and signed on behalf of the board by:

Name: Mr Deepak Malhotra
Status: Director

The notes form part of these financial statements

MARINE DRIVE CONSULTING LTD

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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for rebates and other similar allowances. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

MARINE DRIVE CONSULTING LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

MARINE DRIVE CONSULTING LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 4,623 11,564 11,250 27,437
Additions
Disposals
Revaluations
Transfers
At 31 May 2024 4,623 11,564 11,250 27,437
Depreciation
At 1 June 2023 4,493 11,395 8,438 24,326
Charge for year 130 169 2,812 3,111
On disposals
Other adjustments
At 31 May 2024 4,623 11,564 11,250 27,437
Net book value
At 31 May 2024 0 0 0 0
At 31 May 2023 130 169 2,812 3,111

MARINE DRIVE CONSULTING LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Other debtors 21,592 31,791
Total 21,592 31,791

MARINE DRIVE CONSULTING LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 12 380
Accruals and deferred income 1,500 900
Other creditors 23,221
Total 24,733 1,280

MARINE DRIVE CONSULTING LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Loans to directors

Name of director receiving advance or credit: Mr Deepak Malhotra
Description of the transaction:
Loan for developing the business
£
Balance at 31 May 2023 10,199
Advances or credits made: 2,975
Advances or credits repaid: 13,174
Balance at 31 May 2024 0