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Company Registration No. SC516410 (Scotland)
Marvig Boatyard Limited Unaudited accounts for the year ended 30 September 2024
Marvig Boatyard Limited Unaudited accounts Contents
Page
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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
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Marvig Boatyard Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
92,441 
52,720 
Current assets
Inventories
42,761 
42,761 
Debtors
161,624 
46,560 
Cash at bank and in hand
8,664 
9,003 
213,049 
98,324 
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)
Net assets
59,969 
716 
Capital and reserves
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
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Marvig Boatyard Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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 
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Marvig Boatyard Limited Notes to the Accounts for the year ended 30 September 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
8,104 
Trade debtors
3,941 
2,978 
Other debtors
22,748 
25,000 
26,689 
36,082 
Amounts falling due after more than one year
Trade debtors
134,935 
7,834 
Other debtors
- 
2,644 
134,935 
10,478 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
78,870 
19,844 
Trade creditors
28,914 
5,699 
Taxes and social security
- 
36,617 
Accruals
- 
3,462 
107,784 
65,622 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
31,261 
21,868 
Obligations under finance leases and hire purchase contracts
52,032 
62,838 
Trade creditors
14,200 
- 
Loans from directors
40,244 
- 
137,737 
84,706 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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