Skeffington Marine Ltd 07626907 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is Production of Electricity Digita Accounts Production Advanced 6.30.9574.0 true 07626907 2023-06-01 2024-05-31 07626907 2024-05-31 07626907 core:RetainedEarningsAccumulatedLosses 2024-05-31 07626907 core:ShareCapital 2024-05-31 07626907 core:CurrentFinancialInstruments 2024-05-31 07626907 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 07626907 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 07626907 core:FurnitureFittingsToolsEquipment 2024-05-31 07626907 bus:SmallEntities 2023-06-01 2024-05-31 07626907 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 07626907 bus:FilletedAccounts 2023-06-01 2024-05-31 07626907 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07626907 bus:RegisteredOffice 2023-06-01 2024-05-31 07626907 bus:Director1 2023-06-01 2024-05-31 07626907 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07626907 core:Associate1 2023-06-01 2024-05-31 07626907 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 07626907 countries:AllCountries 2023-06-01 2024-05-31 07626907 2023-05-31 07626907 core:CostValuation 2023-05-31 07626907 core:FurnitureFittingsToolsEquipment 2023-05-31 07626907 2022-06-01 2023-05-31 07626907 2023-05-31 07626907 core:RetainedEarningsAccumulatedLosses 2023-05-31 07626907 core:ShareCapital 2023-05-31 07626907 core:CurrentFinancialInstruments 2023-05-31 07626907 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 07626907 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 07626907 core:Associate1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 07626907

Skeffington Marine Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Skeffington Marine Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Skeffington Marine Ltd

(Registration number: 07626907)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

5

175

150

Current assets

 

Debtors

6

1,372,731

1,145,308

Cash at bank and in hand

 

7,244

10,380

 

1,379,975

1,155,688

Creditors: Amounts falling due within one year

7

(887,274)

(601,688)

Net current assets

 

492,701

554,000

Total assets less current liabilities

 

492,876

554,150

Creditors: Amounts falling due after more than one year

7

(10,000)

(20,000)

Net assets

 

482,876

534,150

Capital and reserves

 

Called up share capital

100

100

Retained earnings

482,776

534,050

Shareholders' funds

 

482,876

534,150

For the financial year ending 31 May 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.

Approved and authorised by the director on 22 May 2025
 

.........................................
Mr D Skeffington
Director

 

Skeffington Marine Ltd

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

1

General information

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

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

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.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Skeffington Marine Ltd

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

Tax

The tax expense for the period comprises current tax.

The current 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.

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

Fixtures, fittings and computer equipment

25% reducing balance

3

Staff numbers

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

4

Tangible assets

Fixtures, fittings and computer equipment
£

Total
£

Cost or valuation

At 1 June 2023

1,602

1,602

At 31 May 2024

1,602

1,602

Depreciation

At 1 June 2023

1,602

1,602

At 31 May 2024

1,602

1,602

Carrying amount

At 31 May 2024

-

-

 

Skeffington Marine Ltd

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

5

Investments

2024
£

2023
£

Investments in associates

175

150

Associates

£

Cost

At 1 June 2023

175

Carrying amount

At 31 May 2024

175

At 31 May 2023

150

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Associates

Offshore Projects Alliance Ltd

Scotland

Ordinary

25%

25%

6

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

1,367,731

1,137,731

Other debtors

 

5,000

7,577

   

1,372,731

1,145,308

 

Skeffington Marine Ltd

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans

9,999

9,999

Trade creditors

 

600

-

Amounts owed to participating interests

875,175

590,150

Taxation and social security

 

-

410

Other creditors

 

1,500

1,129

 

887,274

601,688

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Bank loans

10,000

20,000