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Company Registration No. SC509215 (Scotland)
Marine Engineerinc Ltd Unaudited accounts for the year ended 30 June 2024
Marine Engineerinc Ltd Unaudited accounts Contents
Page
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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
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Marine Engineerinc Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,565 
2,647 
Current assets
Debtors
13,246 
- 
Cash at bank and in hand
81,353 
81,509 
94,599 
81,509 
Creditors: amounts falling due within one year
(16,135)
(8,676)
Net current assets
78,464 
72,833 
Net assets
81,029 
75,480 
Capital and reserves
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
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Marine Engineerinc Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
25%
Computer equipment
25%
4
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 
Additions
1,050 
- 
1,050 
At 30 June 2024
4,579 
7,171 
11,750 
Depreciation
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 
Net book value
At 30 June 2024
2,565 
- 
2,565 
At 30 June 2023
2,647 
- 
2,647 
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Marine Engineerinc Ltd Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,246 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,286 
2,211 
Taxes and social security
9,000 
511 
Other creditors
3,318 
4,407 
Loans from directors
1,666 
682 
Accruals
865 
865 
16,135 
8,676 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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