Registered number
10571762
Highland Marine Consultancy Ltd
Filleted Accounts
31 January 2025
Highland Marine Consultancy Ltd
Registered number: 10571762
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,282 1,603
Current assets
Cash at bank and in hand 8,324 24,097
Creditors: amounts falling due within one year 4 (16,042) (13,568)
Net current (liabilities)/assets (7,718) 10,529
Net (liabilities)/assets (6,436) 12,132
Capital and reserves
Called up share capital 1 1
Profit and loss account (6,437) 12,131
Shareholder's funds (6,436) 12,132
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr B Martin
Director
Approved by the board on 1 May 2025
Highland Marine Consultancy Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024 4,699
At 31 January 2025 4,699
Depreciation
At 1 February 2024 3,096
Charge for the year 321
At 31 January 2025 3,417
Net book value
At 31 January 2025 1,282
At 31 January 2024 1,603
4 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs - (1,339)
Other creditors 16,042 14,907
16,042 13,568
5 Other information
Highland Marine Consultancy Ltd is a private company limited by shares and incorporated in England. Its registered office is:
128 City Road
London
EC1V 2NX
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