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REGISTERED NUMBER: 06752261 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

ENDEAVOUR MARINE SOLUTIONS LIMITED

ENDEAVOUR MARINE SOLUTIONS LIMITED (REGISTERED NUMBER: 06752261)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ENDEAVOUR MARINE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr N S Humphrey
Mr L W Humphrey



REGISTERED OFFICE: Unit 2
Wixenford
Plymstock
Plymouth
Devon
PL9 8AA



REGISTERED NUMBER: 06752261 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: HSBC
PO Box 26
4 Old Town Street
Plymouth
Devon
PL1 1DD

ENDEAVOUR MARINE SOLUTIONS LIMITED (REGISTERED NUMBER: 06752261)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 30,075 37,494
30,075 37,494

CURRENT ASSETS
Stocks 6 60,215 62,349
Debtors 7 12,628 2,447
Cash at bank 17,078 14,239
89,921 79,035
CREDITORS
Amounts falling due within one year 8 88,702 87,640
NET CURRENT ASSETS/(LIABILITIES) 1,219 (8,605 )
TOTAL ASSETS LESS CURRENT LIABILITIES 31,294 28,889

CREDITORS
Amounts falling due after more than one
year

9

(74,082

)

(17,013

)

PROVISIONS FOR LIABILITIES - (7,124 )
NET (LIABILITIES)/ASSETS (42,788 ) 4,752

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (42,798 ) 4,742
SHAREHOLDERS' FUNDS (42,788 ) 4,752

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

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

The directors acknowledge their 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.

ENDEAVOUR MARINE SOLUTIONS LIMITED (REGISTERED NUMBER: 06752261)

BALANCE SHEET - continued
30 NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2025 and were signed on its behalf by:





Mr N S Humphrey - Director


ENDEAVOUR MARINE SOLUTIONS LIMITED (REGISTERED NUMBER: 06752261)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Endeavour Marine Solutions 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


ENDEAVOUR MARINE SOLUTIONS LIMITED (REGISTERED NUMBER: 06752261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company meets its day to day working capital requirements through a loan provided by Mr L Humphrey, a Director of the company. He will continue to support the company in this way until such times as profits are made.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 90,000
AMORTISATION
At 1 December 2023
and 30 November 2024 90,000
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

ENDEAVOUR MARINE SOLUTIONS LIMITED (REGISTERED NUMBER: 06752261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 41,779 15,144 25,412 1,178 83,513
Additions - - - 1,359 1,359
At 30 November 2024 41,779 15,144 25,412 2,537 84,872
DEPRECIATION
At 1 December 2023 26,234 12,819 6,671 295 46,019
Charge for year 3,109 349 4,685 635 8,778
At 30 November 2024 29,343 13,168 11,356 930 54,797
NET BOOK VALUE
At 30 November 2024 12,436 1,976 14,056 1,607 30,075
At 30 November 2023 15,545 2,325 18,741 883 37,494

6. STOCKS
2024 2023
£    £   
Stocks 46,215 48,759
Work-in-progress 14,000 13,590
60,215 62,349

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,476 -
Other debtors 77 -
Directors' current accounts 281 270
Prepayments 2,794 2,177
12,628 2,447

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,500 8,200
Other loans - 6,676
Trade creditors 15,726 10,735
Amounts owed to associates 10,000 -
Tax - 739
Social security and other taxes 686 947
VAT 718 2,034
Other creditors 1,076 485
Directors' current accounts 55,996 55,996
Accrued expenses - 1,828
88,702 87,640

ENDEAVOUR MARINE SOLUTIONS LIMITED (REGISTERED NUMBER: 06752261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 74,082 17,013

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Mr L W Humphrey
Balance outstanding at start of year (55,996 ) (55,996 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (55,996 ) (55,996 )

Mr N S Humphrey
Balance outstanding at start of year 270 (260 )
Amounts advanced 11 530
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 281 270

Loans are unsecured, interest free and repayable on demand

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £9,800 (2023 - £13,600) were paid to the directors .

At the time the dividends were paid the directors were not aware that there were insufficient profits available for distribution, and the directors acknowledge that no further distributions can be made until there are sufficient profits available for distribution.