| Registered number: 11701755 | ||||||||
| FOR THE YEAR ENDED 30/11/2024 | ||||||||
| Prepared By: | ||||||||
| M H Accountancy | ||||||||
| The Croft | ||||||||
| Windsor Green | ||||||||
| Cockfield | ||||||||
| Bury St Edmunds | ||||||||
| IP30 0LY | ||||||||
| Marine Department Ltd | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 30/11/2024 | ||||||||
| DIRECTORS | ||||||||
| SECRETARY | ||||||||
| REGISTERED OFFICE | ||||||||
| Bedforshire | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 11701755 | ||||||||
| ACCOUNTANTS | ||||||||
| M H Accountancy | ||||||||
| The Croft | ||||||||
| Windsor Green | ||||||||
| Cockfield | ||||||||
| Bury St Edmunds | ||||||||
| IP30 0LY | ||||||||
| Marine Department Ltd | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED30/11/2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Accountants' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| Marine Department Ltd | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 3 | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors | 4 | |||||||||
| Cash at bank and in hand | ||||||||||
| 796,734 | 287,425 | |||||||||
| CREDITORS: Amounts falling due within one year | 5 | |||||||||
| NET CURRENT ASSETS | 178,371 | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| PROVISIONS FOR LIABILITIES AND CHARGES | 6 | |||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 7 | |||||||||
| Profit and loss account | 829,225 | 579,077 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| Marine Department Ltd | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 30/11/2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Depreciation | ||||||||
| Plant and Machinery | reducing balance 25% | |||||||
| Commercial Vehicles | straight line 25% | |||||||
| Equipment | straight line 33.33% | |||||||
| 1c. Pension Costs | ||||||||
| The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. | ||||||||
| 2. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 2 | |||||
| Marine Department Ltd | ||||||||
| 3. TANGIBLE FIXED ASSETS | ||||||||||
| Short Leasehold | Plant and | Commercial | ||||||||
| Properties | Machinery | Vehicles | Equipment | Total | ||||||
| £ | £ | £ | £ | £ | ||||||
| Cost | ||||||||||
| At 01/12/2023 | 40,826 | 191,970 | 607,900 | 16,159 | 856,855 | |||||
| Additions | 5,608 | 41,302 | 145,540 | 1,116 | 193,566 | |||||
| At 30/11/2024 | 46,434 | 233,272 | 753,440 | 17,275 | 1,050,421 | |||||
| Depreciation | ||||||||||
| At 01/12/2023 | - | 87,398 | 281,400 | 8,385 | 377,183 | |||||
| For the year | - | 36,469 | 166,924 | 4,749 | 208,142 | |||||
| At 30/11/2024 | - | 123,867 | 448,324 | 13,134 | 585,325 | |||||
| Net Book Amounts | ||||||||||
| At 30/11/2024 | 46,434 | 465,096 | ||||||||
| At 30/11/2023 | 40,826 | 479,672 | ||||||||
| 4. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 175,298 | 51,596 | ||||||
| VAT | - | 16,614 | ||||||
| Prepayments | 19,635 | 5,851 | ||||||
| Accrued income | 170,665 | 51,600 | ||||||
| 365,598 | 125,661 | |||||||
| 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| UK corporation tax | 117,196 | 28,314 | ||||||
| VAT | 68,300 | - | ||||||
| PAYE control | 5,665 | - | ||||||
| Directors current account | 76,259 | 42,758 | ||||||
| Credit card | 18,247 | 19,297 | ||||||
| Trade creditors | 68,138 | 16,476 | ||||||
| Pension schemes | 641 | - | ||||||
| Accruals | 2,345 | 2,209 | ||||||
| 356,791 | 109,054 | |||||||
| Marine Department Ltd | ||||||||
| 6. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Deferred taxation | 75,714 | 78,866 | ||||||
| 75,714 | 78,866 | |||||||
| 7. SHARE CAPITAL | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 100 | 100 | |||||||
| 100 | 100 | |||||||