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Registered number: 10243805

Complete Marine Solutions Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
Bernard Walsh and Co
Certified Public Accountants
5 Elm Lane
Charlton Down
Dorset
DT2 9FB

Complete Marine Solutions Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
Neil Phillips
Daniel Wootton
REGISTERED OFFICE
102 Portland Road
Bournemouth
BH9 1NF
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10243805
BANKERS
Lloyds Bank PLC Bournemouth
ACCOUNTANTS
Bernard Walsh and Co
Certified Public Accountants
5 Elm Lane
Charlton Down
Dorset
DT2 9FB

Complete Marine Solutions Ltd

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Complete Marine Solutions Ltd

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Intangible assets335,000-
Tangible assets411,84114,399
46,84114,399
CURRENT ASSETS
Stock21,10016,995
Debtors64,8908,100
Cash at bank and in hand2,81519,204
28,80544,299
CREDITORS: Amounts falling due within one year789,02456,326
NET CURRENT LIABILITIES(60,219)(12,027)
TOTAL ASSETS LESS CURRENT LIABILITIES(13,378)2,372
CREDITORS: Amounts falling due after more than one year818,443-
NET (LIABILITIES) / ASSETS(31,821)2,372
CAPITAL AND RESERVES
Called up share capital9300300
Profit and loss account(32,121)2,072
SHAREHOLDERS' FUNDS(31,821)2,372
For the year ending 30/06/2024 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/02/2025 and signed on their behalf by
.............................
Neil Phillips
Director

Complete Marine Solutions Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
The Directors have recently purchased an Online Chandlery and will run this in tandem with their existing Marine Electrical Engineering Company.
Complete Marine Solutions is going through a phase of restructuring and the Company will continue to move forward.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery 25%
Fixtures and Fittings 15%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Complete Marine Solutions Ltd

2. EMPLOYEES
20242023
No.No.
Average number of employees22
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
Additions35,00035,000
At 30/06/202435,00035,000
Depreciation
At 30/06/2024--
Net Book Amounts
At 30/06/202435,00035,000
It is the view of the Directors that the Online Chandlery Website has an indefinite useful life and therefore it is will not be amortised.There will be an annual review to examine any possible impairments to the website.
4. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/07/202331,6492,06533,714
At 30/06/202431,6492,06533,714
Depreciation
At 01/07/202318,1421,17319,315
For the year2,3981602,558
At 30/06/202420,5401,33321,873
Net Book Amounts
At 30/06/202411,10973211,841
At 30/06/202313,50789214,399

Complete Marine Solutions Ltd

5. STOCK 20242023
££
Stock comprises:
Stock21,10016,995
21,10016,995
6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors4,890-
VAT-100
Other debtors-8,000
4,8908,100
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT1,462-
Salaries and wages control22085
Directors current account67,00332,151
Bank Loan14,36217,085
Credit card4,0493,430
Trade creditors1,2032,890
Accruals725685
89,02456,326
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr18,443-
18,443-

Complete Marine Solutions Ltd

9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
300 Ordinary shares of £1 each300300
300300