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Registration number: 06643259

Paul Kerridge Marine Surveyors & Consultants Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Paul Kerridge Marine Surveyors & Consultants Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Paul Kerridge Marine Surveyors & Consultants Limited

Company Information

Director

Paul Kerridge

Company secretary

Michaela Kerridge

Registered office

27 Swanpool Street
Falmouth
Cornwall
TR11 3HU

Accountants

Julia Evans Accountants Ltd 79-81 Boslowick Road
Falmouth Road
Falmouth
Cornwall
TR11 4QD

 

Paul Kerridge Marine Surveyors & Consultants Limited

(Registration number: 06643259)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,360

2,796

Current assets

 

Debtors

5

9,883

2,648

Cash at bank and in hand

 

17,489

18,529

 

27,372

21,177

Creditors: Amounts falling due within one year

6

(5,475)

(5,090)

Net current assets

 

21,897

16,087

Total assets less current liabilities

 

24,257

18,883

Provisions for liabilities

(448)

(531)

Net assets

 

23,809

18,352

Capital and reserves

 

Called up share capital

2

2

Retained earnings

23,807

18,350

Shareholders' funds

 

23,809

18,352

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Paul Kerridge Marine Surveyors & Consultants Limited

(Registration number: 06643259)
Balance Sheet as at 31 August 2024

Approved and authorised by the director on 20 May 2025
 

.........................................
Paul Kerridge
Director

 

Paul Kerridge Marine Surveyors & Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
27 Swanpool Street
Falmouth
Cornwall
TR11 3HU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Government grants

Government grants have been recognised under the accrual method.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Paul Kerridge Marine Surveyors & Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% Reducing balance

Computer equipment

25% Reducing balance

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Paul Kerridge Marine Surveyors & Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 September 2023

2,456

7,775

10,231

Additions

350

-

350

At 31 August 2024

2,806

7,775

10,581

Depreciation

At 1 September 2023

1,852

5,583

7,435

Charge for the year

238

548

786

At 31 August 2024

2,090

6,131

8,221

Carrying amount

At 31 August 2024

716

1,644

2,360

At 31 August 2023

604

2,192

2,796

5

Debtors

Current

2024
£

2023
£

Trade debtors

1,710

1,458

Prepayments

8,105

1,159

Other debtors

68

31

 

9,883

2,648

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

4,060

3,511

Accruals and deferred income

1,021

1,007

Other creditors

394

572

5,475

5,090