Company Registration No. 14534009 (England and Wales)
Marine Innovations Limited
Unaudited accounts
for the year ended 31 December 2024
Marine Innovations Limited
Unaudited accounts
Contents
Marine Innovations Limited
Company Information
for the year ended 31 December 2024
Directors
Bradley Davis
Rachel Davis
Company Number
14534009 (England and Wales)
Registered Office
4 Park Lane
Burton Waters
Lincoln
LN1 2WP
England
Accountants
Tetley Tax Limited trading as Tetley Tax Consultants
58 Hambling Drive
Beverley
HU17 9GD
Marine Innovations Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
1,275
1,380
Creditors: amounts falling due within one year
(90,306)
(60,379)
Net current liabilities
(76,698)
(48,081)
Net liabilities
(75,768)
(46,939)
Profit and loss account
(75,768)
(46,939)
Shareholders' funds
(75,768)
(46,939)
For the year ending 31 December 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 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 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 of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by
Rachel Davis
Director
Company Registration No. 14534009
Marine Innovations Limited
Notes to the Accounts
for the year ended 31 December 2024
Marine Innovations Limited is a private company, limited by shares, registered in England and Wales, registration number 14534009. The registered office is 4 Park Lane, Burton Waters, Lincoln, LN1 2WP, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
1,523
-
1,523
At 31 December 2024
1,523
98
1,621
At 1 January 2024
381
-
381
Charge for the year
286
24
310
At 31 December 2024
667
24
691
At 31 December 2024
856
74
930
At 31 December 2023
1,142
-
1,142
Marine Innovations Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Accrued income and prepayments
3,102
586
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
10,000
10,000
Loans from directors
79,570
47,084
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).