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REGISTERED NUMBER: 08628450 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Century Maritime Limited

Century Maritime Limited (Registered number: 08628450)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Century Maritime Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr A R Birr





SECRETARY: Mrs H E Birr





REGISTERED OFFICE: Apple Tree Cottage
South Petherwin
Launceston
Cornwall
PL15 7JT





REGISTERED NUMBER: 08628450 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Century Maritime Limited (Registered number: 08628450)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,283 5,369

CURRENT ASSETS
Debtors 5 931 7,083
Cash at bank and in hand 2,041 2,660
2,972 9,743
CREDITORS
Amounts falling due within one year 6 5,404 4,571
NET CURRENT (LIABILITIES)/ASSETS (2,432 ) 5,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

851

10,541

PROVISIONS FOR LIABILITIES 7 624 1,020
NET ASSETS 227 9,521

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 225 9,519
SHAREHOLDERS' FUNDS 227 9,521

Century Maritime Limited (Registered number: 08628450)

Balance Sheet - continued
31 July 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 April 2025 and were signed by:





Mr A R Birr - Director


Century Maritime Limited (Registered number: 08628450)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Century Maritime 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% reducing balance basis
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Century Maritime Limited (Registered number: 08628450)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 4,881 7,495 6,830 19,206
Additions 684 - - 684
At 31 July 2024 5,565 7,495 6,830 19,890
DEPRECIATION
At 1 August 2023 3,861 3,748 6,228 13,837
Charge for year 481 1,874 415 2,770
At 31 July 2024 4,342 5,622 6,643 16,607
NET BOOK VALUE
At 31 July 2024 1,223 1,873 187 3,283
At 31 July 2023 1,020 3,747 602 5,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 149 7,001
Prepayments and accrued income 782 82
931 7,083

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 3,657 3,490
Directors' current accounts 607 -
Accrued expenses 1,140 1,081
5,404 4,571

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 624 1,020

Deferred
tax
£   
Balance at 1 August 2023 1,020
Accelerated capital allowances (396 )
Balance at 31 July 2024 624

Century Maritime Limited (Registered number: 08628450)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1
1 Ordinary 'A £1 1 1
2 2

The Ordinary shares and Ordinary 'A' shares rank pari passu in all respects except that dividends may be paid to the holders of one class of shares to the exclusion of the other at the director's discretion.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £19,750 (2023 - £3,000) were paid to the director .

Mr A R Birr
Director
2024 2023
£ £
Amount owed to related party at balance sheet date
Mr A R Birr - director 607 -