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REGISTERED NUMBER: SC387484 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

BURNBANKS MARINE LIMITED

BURNBANKS MARINE LIMITED (REGISTERED NUMBER: SC387484)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BURNBANKS MARINE LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: J R Mcleod





REGISTERED OFFICE: 9 Burnbanks Village
Cove
Aberdeen
AB12 3WN





REGISTERED NUMBER: SC387484 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

BURNBANKS MARINE LIMITED (REGISTERED NUMBER: SC387484)

Balance Sheet
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,711 4,451

CURRENT ASSETS
Cash at bank 51,886 51,384

CREDITORS
Amounts falling due within one year 5 55,104 41,662
NET CURRENT (LIABILITIES)/ASSETS (3,218 ) 9,722
TOTAL ASSETS LESS CURRENT
LIABILITIES

493

14,173

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 393 14,073
SHAREHOLDERS' FUNDS 493 14,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 29 July 2025 and were signed by:





J R Mcleod - Director


BURNBANKS MARINE LIMITED (REGISTERED NUMBER: SC387484)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Burnbanks Marine Limited is a private company, limited by shares , registered in Scotland. 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.
Improvements to property - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

BURNBANKS MARINE LIMITED (REGISTERED NUMBER: SC387484)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 5,381 1,189 6,419 12,989
DEPRECIATION
At 1 November 2023 1,982 507 6,049 8,538
Charge for year 511 136 93 740
At 31 October 2024 2,493 643 6,142 9,278
NET BOOK VALUE
At 31 October 2024 2,888 546 277 3,711
At 31 October 2023 3,399 682 370 4,451

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Tax 25,640 23,965
Social security and other taxes 33 134
VAT 18,417 15,757
Directors' current accounts 8,014 306
Accrued expenses 3,000 1,500
55,104 41,662