IRIS Accounts Production v25.1.3.33 01734560 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh017345602023-06-30017345602024-06-30017345602023-07-012024-06-30017345602022-06-30017345602022-07-012023-06-30017345602023-06-3001734560ns15:EnglandWales2023-07-012024-06-3001734560ns14:PoundSterling2023-07-012024-06-3001734560ns10:Director12023-07-012024-06-3001734560ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3001734560ns10:SmallEntities2023-07-012024-06-3001734560ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3001734560ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3001734560ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3001734560ns10:FullAccounts2023-07-012024-06-3001734560ns10:RegisteredOffice2023-07-012024-06-3001734560ns5:CurrentFinancialInstruments2024-06-3001734560ns5:CurrentFinancialInstruments2023-06-3001734560ns5:Non-currentFinancialInstruments2024-06-3001734560ns5:Non-currentFinancialInstruments2023-06-3001734560ns5:ShareCapital2024-06-3001734560ns5:ShareCapital2023-06-3001734560ns5:RetainedEarningsAccumulatedLosses2024-06-3001734560ns5:RetainedEarningsAccumulatedLosses2023-06-3001734560ns5:PlantMachinery2023-07-012024-06-3001734560ns5:FurnitureFittings2023-07-012024-06-3001734560ns5:MotorVehicles2023-07-012024-06-3001734560ns5:PlantMachinery2023-06-3001734560ns5:FurnitureFittings2023-06-3001734560ns5:MotorVehicles2023-06-3001734560ns5:PlantMachinery2024-06-3001734560ns5:FurnitureFittings2024-06-3001734560ns5:MotorVehicles2024-06-3001734560ns5:PlantMachinery2023-06-3001734560ns5:FurnitureFittings2023-06-3001734560ns5:MotorVehicles2023-06-3001734560ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3001734560ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3001734560ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3001734560ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-30
REGISTERED NUMBER: 01734560 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Gravesend Marine Limited

Gravesend Marine Limited (Registered number: 01734560)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gravesend Marine Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr A D Park



REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL



REGISTERED NUMBER: 01734560 (England and Wales)



ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL



BANKERS: HSBC Bank plc
84 New Road
Gravesend
Kent
DA11 0AS

Gravesend Marine Limited (Registered number: 01734560)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 534 711

CURRENT ASSETS
Stocks 10,000 19,322
Debtors 5 381,929 43,400
Cash at bank 25,413 34,321
417,342 97,043
CREDITORS
Amounts falling due within one year 6 286,824 174,769
NET CURRENT ASSETS/(LIABILITIES) 130,518 (77,726 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,052

(77,015

)

CREDITORS
Amounts falling due after more than one
year

7

193,594

17,000
NET LIABILITIES (62,542 ) (94,015 )

CAPITAL AND RESERVES
Called up share capital 7 7
Retained earnings (62,549 ) (94,022 )
SHAREHOLDERS' FUNDS (62,542 ) (94,015 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Gravesend Marine Limited (Registered number: 01734560)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 June 2025 and were signed by:





Mr A D Park - Director


Gravesend Marine Limited (Registered number: 01734560)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Gravesend Marine Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Gravesend Marine Limited (Registered number: 01734560)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 9,075 11,382 20,223 40,680
DEPRECIATION
At 1 July 2023 9,075 10,784 20,110 39,969
Charge for year - 149 28 177
At 30 June 2024 9,075 10,933 20,138 40,146
NET BOOK VALUE
At 30 June 2024 - 449 85 534
At 30 June 2023 - 598 113 711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 302,499 11,218
Other debtors 32,182 32,182
VAT 47,248 -
381,929 43,400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 8,500 8,500
Other loans 12,545 17,466
Trade creditors 222,473 78,273
Tax 14,377 -
VAT - 2,282
Other creditors 2,729 2,052
Accruals and deferred income - 48,140
Directors' current accounts 23,200 11,306
Accrued expenses 3,000 6,750
286,824 174,769

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 2-5 years 8,500 17,000
Accruals and deferred income 185,094 -
193,594 17,000