Company No: 13721114 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	Mr D Mee
	Mr D Ramsden (Appointed 12 September 2024)
	Mr J Reah

Registered office	2nd Floor College House
	17 King Edwards Road
	Ruislip
	HA4 7AE
	United Kingdom

Company number

13721114 (England and Wales)

Chartered accountants	Kreston Reeves LLP
	Nile House
	Nile Street
	Brighton
	BN1 1HW
	United Kingdom

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JD Marine International Limited for the financial year ended 30 November 2024 which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet and the related notes 1 to 8 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that JD Marine International Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of JD Marine International Limited. You consider that JD Marine International Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of JD Marine International Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of JD Marine International Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of JD Marine International Limited and state those matters that we have agreed to state to the Board of Directors of JD Marine International Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JD Marine International Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

Nile House
Nile Street
Brighton
BN1 1HW
United Kingdom

04 September 2025

	Note	2024		2023
		£		£
				Restated
Current assets
Stocks	3	227,579		138,641
Debtors	4	31,474		26,098
Cash at bank and in hand		9		13,173
		259,062		177,912
Creditors: amounts falling due within one year	5	( 331,145)		( 222,506)
Net current liabilities		(72,083)		(44,594)
Total assets less current liabilities		(72,083)		(44,594)
Net liabilities		( 72,083)		( 44,594)
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		( 72,183 )		( 44,694 )
Total shareholders' deficit		( 72,083)		( 44,594)

For the financial year ending 30 November 2024 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of JD Marine International Ltd (registered number: 13721114) were approved and authorised for issue by the Board of Directors on 04 September 2025. They were signed on its behalf by:

Mr D Mee Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

JD Marine International Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor College House, 17 King Edwards Road, Ruislip, London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Prior year adjustment

A prior period adjustment was made during the year as follows:

A cash balance of £13,173 was previously misclassified under current liabilities and has now been correctly presented within cash and cash equivalents. Additionally, £2,718 was reclassified from trade payables to trade receivables. Inventory of £138,641 was previously omitted from the financial statements and has now been included in current assets.

Overall these adjustments have increased current assets from £23,378 to £177,912 and increased current liabilities from £206,613 to £222,506. Retained earnings as at 30 November 2023 has decreased from £183,336 to £44,694.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Taxation

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Stocks

	2024		2023
	£		£
Stocks	227,579		138,641

4. Debtors

	2024		2023
	£		£
Trade debtors	0		2,720
Deferred tax asset	23,303		0
Other debtors	8,171		23,378
	31,474		26,098

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	9,986		0
Other creditors	321,159		222,506
	331,145		222,506

6. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	0		0
Credited to the Profit and Loss Account	23,303		0
At the end of financial year	23,303		0

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Transactions with the entity's directors

During the year the directors provided the company with an interest free loan, repayable on demand. At the balance sheet date the amount due to the directors was £317,809 (2023: £207,185)