Company Registration No. SC509215 (Scotland)
Marine Engineerinc Ltd
Unaudited accounts
for the year ended 30 June 2024
Marine Engineerinc Ltd
Unaudited accounts
Contents
Marine Engineerinc Ltd
Company Information
for the year ended 30 June 2024
Director
Stephen Neil McNaughton
Company Number
SC509215 (Scotland)
Registered Office
Torridon House
Cuminestown
Turriff
Aberdeenshire
AB53 5YP
Marine Engineerinc Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
2,565
2,647
Cash at bank and in hand
81,353
81,509
Creditors: amounts falling due within one year
(16,135)
(8,676)
Net current assets
78,464
72,833
Called up share capital
100
100
Profit and loss account
80,929
75,380
Shareholders' funds
81,029
75,480
For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 March 2025 and were signed on its behalf by
Stephen Neil McNaughton
Director
Company Registration No. SC509215
Marine Engineerinc Ltd
Notes to the Accounts
for the year ended 30 June 2024
Marine Engineerinc Ltd is a private company, limited by shares, registered in Scotland, registration number SC509215. The registered office is Torridon House, Cuminestown, Turriff, Aberdeenshire, AB53 5YP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
3,529
7,171
10,700
At 30 June 2024
4,579
7,171
11,750
At 1 July 2023
882
7,171
8,053
Charge for the year
1,132
-
1,132
At 30 June 2024
2,014
7,171
9,185
At 30 June 2024
2,565
-
2,565
At 30 June 2023
2,647
-
2,647
Marine Engineerinc Ltd
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
9,000
511
Other creditors
3,318
4,407
Loans from directors
1,666
682
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 0 (2023: 0).