MARITIME WORKSHOP (THE)

Company limited by guarantee

Company Registration Number:
01827526 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

MARITIME WORKSHOP (THE)

Contents of the Financial Statements

for the Period Ended 31 December 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MARITIME WORKSHOP (THE)

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 70,866 56,475
Cost of sales: ( 24,732 ) ( 14,810 )
Gross profit(or loss): 46,134 41,665
Administrative expenses: ( 41,686 ) ( 36,488 )
Operating profit(or loss): 4,448 5,177
Interest receivable and similar income: 3 8
Profit(or loss) before tax: 4,451 5,185
Profit(or loss) for the financial year: 4,451 5,185

MARITIME WORKSHOP (THE)

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 208,504 200,000
Total fixed assets: 208,504 200,000
Current assets
Stocks: 4 50 50
Debtors: 5 12,567 6,863
Cash at bank and in hand: 14,035 20,721
Total current assets: 26,652 27,634
Prepayments and accrued income: 1,808
Creditors: amounts falling due within one year: 6 ( 10,814 ) ( 1,963 )
Net current assets (liabilities): 15,838 27,479
Total assets less current liabilities: 224,342 227,479
Creditors: amounts falling due after more than one year: 7 0 ( 7,587 )
Total net assets (liabilities): 224,342 219,892
Members' funds
Profit and loss account: 224,342 219,892
Total members' funds: 224,342 219,892

The notes form part of these financial statements

MARITIME WORKSHOP (THE)

Balance sheet statements

For the year ending 31 December 2023 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 14 April 2025
and signed on behalf of the board by:

Name: Mr A Dilley
Status: Director

The notes form part of these financial statements

MARITIME WORKSHOP (THE)

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 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 represents net invoiced sales of good and services

    Tangible fixed assets depreciation policy

    Fixtures and Fittings - 18% reducing balance Computer Equipment - 25% straight Line

    Other accounting policies

    Stock is valued at the lower of cost and net realisation value, after making due allowances for obsolete and slow moving items

MARITIME WORKSHOP (THE)

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

MARITIME WORKSHOP (THE)

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 200,000 0 0 200,000
Additions 10,371 101 10,472
Disposals
Revaluations
Transfers
At 31 December 2023 200,000 10,371 101 210,472
Depreciation
At 1 January 2023 0 0 0
Charge for year 1,867 101 1,968
On disposals
Other adjustments
At 31 December 2023 1,867 101 1,968
Net book value
At 31 December 2023 200,000 8,504 0 208,504
At 31 December 2022 200,000 0 0 200,000

MARITIME WORKSHOP (THE)

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Stocks

2023 2022
£ £
Stocks 50 50
Total 50 50

MARITIME WORKSHOP (THE)

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 0 4,500
Prepayments and accrued income 0
Other debtors 12,567 2,363
Total 12,567 6,863

MARITIME WORKSHOP (THE)

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 7,986 1,963
Accruals and deferred income 2,828 0
Total 10,814 1,963

MARITIME WORKSHOP (THE)

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 0 7,587
Total 0 7,587