2024-01-012024-12-312024-12-31false14560792MARINA TRADE 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MARINA TRADE LTD

Registered Number
14560792
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

MARINA TRADE LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

HARB, Alfred

Registered Address

20-22 Wenlock Road
London
N1 7GU

Registered Number

14560792 (England and Wales)
MARINA TRADE LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors1,390,403567,173
Cash at bank and on hand73,68913,034
1,464,092580,207
Creditors amounts falling due within one year(1,592,684)(612,112)
Net current assets (liabilities)(128,592)(31,905)
Total assets less current liabilities(128,592)(31,905)
Net assets(128,592)(31,905)
Capital and reserves
Called up share capital11
Profit and loss account(128,593)(31,906)
Shareholders' funds(128,592)(31,905)
The financial statements were approved and authorised for issue by the Director on 18 August 2025, and are signed on its behalf by:
HARB, Alfred
Director
Registered Company No. 14560792
MARINA TRADE LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company’s forecasts, projections, and available financing facilities, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors note that although the company is currently in a net liabilities position, this is supported by expected recovery of trade debtors and continued financial support from creditors. Accordingly, the financial statements continue to be prepared on a going concern basis.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Trade and other 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other 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.Average number of employees

20242023
Average number of employees during the year00