Company Registration No. SC516410 (Scotland)
Marvig Boatyard Limited
Unaudited accounts
for the year ended 30 September 2024
Marvig Boatyard Limited
Unaudited accounts
Contents
Marvig Boatyard Limited
Company Information
for the year ended 30 September 2024
Director
Murdo Iain Kennedy
Company Number
SC516410 (Scotland)
Accountants
McCreath Accountancy
Phoenix House
Phoenix Business Park
Paisley
Renfrewshire
PA1 2BH
Marvig Boatyard Limited
Statement of financial position
as at 30 September 2024
Tangible assets
92,441
52,720
Cash at bank and in hand
8,664
9,003
Creditors: amounts falling due within one year
(107,784)
(65,622)
Net current assets
105,265
32,702
Total assets less current liabilities
197,706
85,422
Creditors: amounts falling due after more than one year
(137,737)
(84,706)
Profit and loss account
59,969
716
Shareholders' funds
59,969
716
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 10 June 2025 and were signed on its behalf by
Murdo Iain Kennedy
Director
Company Registration No. SC516410
Marvig Boatyard Limited
Notes to the Accounts
for the year ended 30 September 2024
Marvig Boatyard Limited is a private company, limited by shares, registered in Scotland, registration number SC516410.
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
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 October 2023
33,340
9,980
2,400
6,800
200
52,720
Additions
-
68,148
-
-
-
68,148
At 30 September 2024
33,340
78,128
2,400
6,800
200
120,868
Charge for the year
6,668
19,532
800
1,360
67
28,427
At 30 September 2024
6,668
19,532
800
1,360
67
28,427
At 30 September 2024
26,672
58,596
1,600
5,440
133
92,441
At 30 September 2023
33,340
9,980
2,400
6,800
200
52,720
Marvig Boatyard Limited
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Other debtors
22,748
25,000
Amounts falling due after more than one year
Trade debtors
134,935
7,834
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
28,914
5,699
Taxes and social security
-
36,617
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
52,032
62,838
Loans from directors
40,244
-
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).