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REGISTERED NUMBER: 05222059 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

G J MARINER AND SON LIMITED

G J MARINER AND SON LIMITED (REGISTERED NUMBER: 05222059)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


G J MARINER AND SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







Directors: G J Mariner
Mrs A L James





Secretary: Mrs J A Mariner





Registered office: Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ





Registered number: 05222059 (England and Wales)





Accountants: Baverstocks Limited
Chartered Certified Accountants
Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ

G J MARINER AND SON LIMITED (REGISTERED NUMBER: 05222059)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 4 8,699 170
Tangible assets 5 69,179 100,079
77,878 100,249

Current assets
Stocks 165,820 152,623
Debtors 621,361 486,037
Cash at bank and in hand 592,257 543,028
1,379,438 1,181,688
Creditors
Amounts falling due within one year 578,554 469,622
Net current assets 800,884 712,066
Total assets less current liabilities 878,762 812,315

Creditors
Amounts falling due after more than one
year

(56,246

)

(93,152

)

Provisions for liabilities (15,451 ) (20,300 )
Net assets 807,065 698,863

Capital and reserves
Called up share capital 106 105
Retained earnings 806,959 698,758
Shareholders' funds 807,065 698,863

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

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

G J MARINER AND SON LIMITED (REGISTERED NUMBER: 05222059)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:





G J Mariner - Director


G J MARINER AND SON LIMITED (REGISTERED NUMBER: 05222059)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. Statutory information

G J Mariner and Son 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and Licences are being amortised evenly over their estimated useful life of nil years.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor Vehicles - 25% on reducing balance
Office Equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

G J MARINER AND SON LIMITED (REGISTERED NUMBER: 05222059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. Employees and directors

The average number of employees during the year was 12 (2023 - 11 ) .

4. Intangible fixed assets
Totals
£   
Cost
At 1 October 2023 37,770
Additions 9,810
At 30 September 2024 47,580
Amortisation
At 1 October 2023 37,600
Amortisation for year 1,281
At 30 September 2024 38,881
Net book value

At 30 September 2024 8,699
At 30 September 2023 170

G J MARINER AND SON LIMITED (REGISTERED NUMBER: 05222059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. Tangible fixed assets
Totals
£   
Cost
At 1 October 2023 141,608
Additions 972
At 30 September 2024 142,580
Depreciation
At 1 October 2023 41,529
Charge for year 31,872
At 30 September 2024 73,401
Net book value
At 30 September 2024 69,179
At 30 September 2023 100,079

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
Cost
At 1 October 2023
and 30 September 2024 123,780
Depreciation
At 1 October 2023 24,849
Charge for year 30,945
At 30 September 2024 55,794
Net book value
At 30 September 2024 67,986
At 30 September 2023 98,931

6. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 27,442
Hire purchase contracts 69,017 87,199
69,017 114,641