Marine Electrical Installations Limited

	Registered number
	SC226588

	Marine Electrical Installations Limited
	Unaudited Accounts
	for the year ended
	31 December 2024

Marine Electrical Installations Limited Balance Sheet as at 31 December 2024
	Notes		2024 £		2023 £
Fixed assets
Tangible assets	3		70,998		40,320
Investments	4		138,235		126,006
			209,233		166,326

Current assets
Stocks	5	9,449		16,852
Debtors	6	408,101		370,110
Cash at bank and in hand		416,995		260,668
		834,545		647,630

Prepayments and accrued income:		1,293		1,340

Creditors: amounts falling due within one year	7	(629,487)		(130,883)

Net current assets / (liabilities)			206,351		518,087

Total assets less current liabilities			415,584		684,413

Provisions for liabilities	8		(1,854)		(7,245)

Accruals and deferred income			(1,140)		(196,069)

Total net assets (liabilities)			412,590		481,099

Capital and reserves
Called up share capital			100		100
Other reserves			24,042		11,813
Profit and loss account			388,448		469,186
Shareholders' funds			412,590		481,099

These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

Signed on behalf of the board of directors

...............................

Mr J Hutchinson

Director

Approved by the board on 25 September 2025

Company Number: SC226588 (a Private Company Limited by Shares registered in Scotland)

Registered Office:

C/O Premier Accounting
9B Dalrymple Court
Kirkintilloch
Glasgow
G66 3AA
United Kingdom

1.	Accounting policies
	Basis of preparation of financial statements These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.

	Going concern basis
	The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.

	Revenue recognition
	Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.

Plant & machinery

25% Straight Line

	Stocks
	Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.

Stocks

Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.

Employees
	2024	2023
Average number of employees during the period	23	18

Tangible fixed assets
	Plant & machinery	Total
Cost or valuation	£	£
At 1 January 2024	264,450	264,450
Additions	49,990	49,990
At 31 December 2024	314,440	314,440
Depreciation
At 1 January 2024	224,130	224,130
Charge for the period	22,110	22,110
On disposals	(2,798)	(2,798)
At 31 December 2024	243,442	243,442
Net book value
At 31 December 2024	70,998	70,998
At 31 December 2023	40,320	40,320

Investments
	Loans	Total
	£	£
Carrying amount at 1 January 2024	126,006	126,006
Revaluations	12,229	12,229
Carrying amount at 31 December 2024	138,235	138,235

Stocks
	2024	2023
	£	£
Work in progress	9,449	16,852
	9,449	16,852

Debtors
	2024	2023
	£	£
Trade debtors	408,101	369,767
Other debtors	0	343
	408,101	370,110

Creditors: amounts falling due within one year
	2024	2023
	£	£
Bank Loans & Overdrafts	14,251	1,781
Trade creditors	25,275	70,180
Taxation & social security	179,043	48,836
Other creditors	410,918	10,086
	629,487	130,883

Provisions
	2024	2023
	£	£
Deferred tax	1,854	7,245
	1,854	7,245

9.	Related party disclosures
	Controlling party MEI Holdings Ltd is the ultimate Controlling Party.