Consolidated Engineering And Marine Limited 02616004 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is engineering. Digita Accounts Production Advanced 6.30.9574.0 true 02616004 2024-04-01 2025-03-31 02616004 2025-03-31 02616004 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2025-03-31 02616004 core:RetainedEarningsAccumulatedLosses 2025-03-31 02616004 core:ShareCapital 2025-03-31 02616004 core:CurrentFinancialInstruments 2025-03-31 02616004 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 02616004 core:FurnitureFittingsToolsEquipment 2025-03-31 02616004 core:MotorVehicles 2025-03-31 02616004 core:OtherPropertyPlantEquipment 2025-03-31 02616004 bus:SmallEntities 2024-04-01 2025-03-31 02616004 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02616004 bus:FilletedAccounts 2024-04-01 2025-03-31 02616004 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02616004 bus:RegisteredOffice 2024-04-01 2025-03-31 02616004 bus:Director1 2024-04-01 2025-03-31 02616004 bus:Director2 2024-04-01 2025-03-31 02616004 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-04-01 2025-03-31 02616004 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02616004 bus:Agent1 2024-04-01 2025-03-31 02616004 core:FurnitureFittings 2024-04-01 2025-03-31 02616004 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 02616004 core:MotorVehicles 2024-04-01 2025-03-31 02616004 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 02616004 core:PlantMachinery 2024-04-01 2025-03-31 02616004 core:Vehicles 2024-04-01 2025-03-31 02616004 core:OtherRelatedParties 2024-04-01 2025-03-31 02616004 countries:EnglandWales 2024-04-01 2025-03-31 02616004 2024-03-31 02616004 core:FurnitureFittingsToolsEquipment 2024-03-31 02616004 core:MotorVehicles 2024-03-31 02616004 core:OtherPropertyPlantEquipment 2024-03-31 02616004 2023-04-01 2024-03-31 02616004 2024-03-31 02616004 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-03-31 02616004 core:RetainedEarningsAccumulatedLosses 2024-03-31 02616004 core:ShareCapital 2024-03-31 02616004 core:CurrentFinancialInstruments 2024-03-31 02616004 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02616004 core:FurnitureFittingsToolsEquipment 2024-03-31 02616004 core:MotorVehicles 2024-03-31 02616004 core:OtherPropertyPlantEquipment 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02616004

Consolidated Engineering And Marine Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Consolidated Engineering And Marine Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 8

 

Consolidated Engineering And Marine Limited

Company Information

Directors

C. L. Walker

S. C. Walker

Registered office

Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

Accountants

Robert Whowell & Partners LLP
Chartered AccountantsWestwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

 

Consolidated Engineering And Marine Limited

(Registration number: 02616004)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

93,154

59,012

Current assets

 

Stocks

5

21,200

22,800

Debtors

6

684,598

436,355

Cash at bank and in hand

 

183,216

110,011

 

889,014

569,166

Creditors: Amounts falling due within one year

7

(565,584)

(335,061)

Net current assets

 

323,430

234,105

Total assets less current liabilities

 

416,584

293,117

Provisions for liabilities

(23,289)

(14,753)

Net assets

 

393,295

278,364

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

393,293

278,362

Shareholders' funds

 

393,295

278,364

 

Consolidated Engineering And Marine Limited

(Registration number: 02616004)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 July 2025 and signed on its behalf by:
 

.........................................
S. C. Walker
Director

 

Consolidated Engineering And Marine Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

These financial statements were authorised for issue by the Board on 24 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Consolidated Engineering And Marine Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

33% straight line

Motor vehicles

25% straight line

Plant and machinery

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of stocks and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the profit and loss account.

 

Consolidated Engineering And Marine Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 24 (2024 - 19).

 

Consolidated Engineering And Marine Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2024

8,680

8,660

150,818

168,158

Additions

683

-

50,497

51,180

At 31 March 2025

9,363

8,660

201,315

219,338

Depreciation

At 1 April 2024

6,378

8,660

94,108

109,146

Charge for the year

1,085

-

15,953

17,038

At 31 March 2025

7,463

8,660

110,061

126,184

Carrying amount

At 31 March 2025

1,900

-

91,254

93,154

At 31 March 2024

2,302

-

56,710

59,012

5

Stocks

2025
£

2024
£

Raw materials and consumables

8,200

8,200

Work in progress

13,000

14,600

21,200

22,800

 

Consolidated Engineering And Marine Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current

2025
£

2024
£

Trade debtors

459,358

224,884

Amounts owed by related parties

111,398

165,398

Prepayments

1,616

718

Other debtors

112,226

45,355

 

684,598

436,355

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

459,616

303,125

Taxation and social security

52,130

18,383

Accruals and deferred income

16,602

2,600

Other creditors

37,236

10,953

565,584

335,061

8

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

         

9

Related party transactions

Summary of transactions with other related parties

During the year the company paid rental charges of £14,000 (2024 - £12,000) to the spouse of one of the directors.