IRIS Accounts Production v24.3.2.46 02590405 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh025904052023-06-30025904052024-06-30025904052023-07-012024-06-30025904052022-06-30025904052022-07-012023-06-30025904052023-06-3002590405ns15:EnglandWales2023-07-012024-06-3002590405ns14:PoundSterling2023-07-012024-06-3002590405ns10:Director12023-07-012024-06-3002590405ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3002590405ns10:SmallEntities2023-07-012024-06-3002590405ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3002590405ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3002590405ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002590405ns10:FullAccounts2023-07-012024-06-3002590405ns10:OrdinaryShareClass12023-07-012024-06-3002590405ns10:Director22023-07-012024-06-3002590405ns10:CompanySecretary12023-07-012024-06-3002590405ns10:RegisteredOffice2023-07-012024-06-3002590405ns5:CurrentFinancialInstruments2024-06-3002590405ns5:CurrentFinancialInstruments2023-06-3002590405ns5:Non-currentFinancialInstruments2024-06-3002590405ns5:Non-currentFinancialInstruments2023-06-3002590405ns5:ShareCapital2024-06-3002590405ns5:ShareCapital2023-06-3002590405ns5:RetainedEarningsAccumulatedLosses2024-06-3002590405ns5:RetainedEarningsAccumulatedLosses2023-06-3002590405ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-07-012024-06-3002590405ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-012024-06-3002590405ns5:PlantMachinery2023-07-012024-06-3002590405ns5:FurnitureFittings2023-07-012024-06-3002590405ns5:MotorVehicles2023-07-012024-06-3002590405ns5:ComputerEquipment2023-07-012024-06-3002590405ns5:LandBuildings2023-06-3002590405ns5:LandBuildingsns5:ShortLeaseholdAssets2023-06-3002590405ns5:PlantMachinery2023-06-3002590405ns5:LandBuildings2023-07-012024-06-3002590405ns5:LandBuildings2024-06-3002590405ns5:LandBuildingsns5:ShortLeaseholdAssets2024-06-3002590405ns5:PlantMachinery2024-06-3002590405ns5:LandBuildings2023-06-3002590405ns5:LandBuildingsns5:ShortLeaseholdAssets2023-06-3002590405ns5:PlantMachinery2023-06-3002590405ns5:FurnitureFittings2023-06-3002590405ns5:MotorVehicles2023-06-3002590405ns5:ComputerEquipment2023-06-3002590405ns5:FurnitureFittings2024-06-3002590405ns5:MotorVehicles2024-06-3002590405ns5:ComputerEquipment2024-06-3002590405ns5:FurnitureFittings2023-06-3002590405ns5:MotorVehicles2023-06-3002590405ns5:ComputerEquipment2023-06-3002590405ns5:CostValuation2023-06-3002590405ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3002590405ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3002590405ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3002590405ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3002590405ns5:Secured2024-06-3002590405ns5:Secured2023-06-3002590405ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 02590405 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

COASTLINE MARINE SERVICES LIMITED

COASTLINE MARINE SERVICES LIMITED (REGISTERED NUMBER: 02590405)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COASTLINE MARINE SERVICES LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: D R Hitchcock
M Hitchcock





SECRETARY: D R Hitchcock





REGISTERED OFFICE: Bath House
6-8 Bath Street
Redcliffe
Bristol
BS1 6HL





REGISTERED NUMBER: 02590405 (England and Wales)





ACCOUNTANTS: Gravita
Bath House
6-8 Bath Street
Bristol
BS1 6HL

COASTLINE MARINE SERVICES LIMITED (REGISTERED NUMBER: 02590405)

Balance Sheet
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 759,957 360,842
Investments 5 101,350 101,350
861,307 462,192

CURRENT ASSETS
Stocks 91,256 60,844
Debtors 6 697,448 452,188
Cash at bank 27,321 5,868
816,025 518,900
CREDITORS
Amounts falling due within one year 7 (605,898 ) (346,500 )
NET CURRENT ASSETS 210,127 172,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,071,434

634,592

CREDITORS
Amounts falling due after more than one
year

8

(419,896

)

(131,670

)
NET ASSETS 651,538 502,922

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 651,438 502,822
SHAREHOLDERS' FUNDS 651,538 502,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

COASTLINE MARINE SERVICES LIMITED (REGISTERED NUMBER: 02590405)

Balance Sheet - continued
30 JUNE 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





D R Hitchcock - Director


COASTLINE MARINE SERVICES LIMITED (REGISTERED NUMBER: 02590405)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024


1. COMPANY INFORMATION

Coastline Marine Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company in the year under review was that of a marine management service & survey company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year ended 30 June 2024 and derives from the provision of services falling with the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not depreciated
Short leasehold - Over the term of the lease
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Tug - 5% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

COASTLINE MARINE SERVICES LIMITED (REGISTERED NUMBER: 02590405)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

COASTLINE MARINE SERVICES LIMITED (REGISTERED NUMBER: 02590405)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 July 2023 - 116,984 498,713
Additions 450,460 - 29,003
At 30 June 2024 450,460 116,984 527,716
DEPRECIATION
At 1 July 2023 - 40,830 430,034
Charge for year - 9,606 41,010
At 30 June 2024 - 50,436 471,044
NET BOOK VALUE
At 30 June 2024 450,460 66,548 56,672
At 30 June 2023 - 76,154 68,679

Fixtures
and Motor
fittings vehicles Tug Totals
£    £    £    £   
COST
At 1 July 2023 113,069 82,655 396,000 1,207,421
Additions - - - 479,463
At 30 June 2024 113,069 82,655 396,000 1,686,884
DEPRECIATION
At 1 July 2023 111,426 46,489 217,800 846,579
Charge for year 891 9,041 19,800 80,348
At 30 June 2024 112,317 55,530 237,600 926,927
NET BOOK VALUE
At 30 June 2024 752 27,125 158,400 759,957
At 30 June 2023 1,643 36,166 178,200 360,842

COASTLINE MARINE SERVICES LIMITED (REGISTERED NUMBER: 02590405)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 200 101,150 101,350
NET BOOK VALUE
At 30 June 2024 200 101,150 101,350
At 30 June 2023 200 101,150 101,350

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 517,997 212,897
Trade debtors 41,366 119,854
Other debtors 12,301 -
Prepayments 125,784 119,437
697,448 452,188

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,255 21,255
Other loans 54,501 9,998
Hire purchase contracts 17,048 36,543
Trade creditors 95,202 69,567
Tax 59,842 -
VAT 54,890 51,093
Other creditors 70,200 894
Directors' current accounts 229,000 153,000
Accruals and deferred income 3,960 4,150
605,898 346,500

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-5 years 80,991 96,841
Other loans - 1-2 years 58,991 19,711
Other loans more 5yrs instal 266,000 -
Hire purchase contracts 13,914 15,118
419,896 131,670

COASTLINE MARINE SERVICES LIMITED (REGISTERED NUMBER: 02590405)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 266,000 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 102,246 118,096
Other loans 253,043 -
355,289 118,096

The bank loan and overdraft are secured by way of a debenture and a mortgage over the assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100