Company Registration No. 02682597 (England and Wales)
INVESTCO MARINE AGENCY LTD
Unaudited accounts
for the year ended 31 December 2024
INVESTCO MARINE AGENCY LTD
Unaudited accounts
Contents
INVESTCO MARINE AGENCY LTD
Company Information
for the year ended 31 December 2024
Company Number
02682597 (England and Wales)
Registered Office
2ND FLOOR
134 SOUTH STREET
ROMFORD
ESSEX
RM1 1TE
United Kingdom
Accountants
PAUL VICTORIA & CO
2ND FLOOR
134 SOUTH STREET
ROMFORD
ESSEX
RM1 1TE
INVESTCO MARINE AGENCY LTD
Statement of financial position
as at 31 December 2024
Investments
218,982
218,982
Cash at bank and in hand
136
170
Creditors: amounts falling due within one year
(40,593)
(38,902)
Net current liabilities
(40,457)
(38,732)
Net assets
178,525
180,250
Called up share capital
100
100
Profit and loss account
178,425
180,150
Shareholders' funds
178,525
180,250
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 September 2025 and were signed on its behalf by
IGOR VASILEV
Director
Company Registration No. 02682597
INVESTCO MARINE AGENCY LTD
Notes to the Accounts
for the year ended 31 December 2024
INVESTCO MARINE AGENCY LTD is a private company, limited by shares, registered in England and Wales, registration number 02682597. The registered office is 2ND FLOOR, 134 SOUTH STREET, ROMFORD, ESSEX, RM1 1TE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Transaction expressed in other currencies have been translated into sterling at the rate ruling at the end of the month in which the transaction occurred.
Current assets and liabilities expressed in other currencies have been translated into sterling at the rates ruling at the balance sheet date. All resultant differences have been dealt with in the profit and loss account.
Operating lease rental payments are charged directly to the profit and loss account on an accrual basis.
Property lease rentals are charged to the profit and loss account on a pro-rata basis over the term of the lease.
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantially enacted by the balance sheet date.
Deferred taxation is provided on timing differences that have originated but not reversed by the balance sheet date on a non-discounted basis. Deferred taxation assets are recognised only to the extent that it is more likely than not there will be suitable trading profits from which future reversals of the underlying timing differences can be deducted.
No provision is made where the amounts involved are not material.
INVESTCO MARINE AGENCY LTD
Notes to the Accounts
for the year ended 31 December 2024
Judgements in applying accounting policies and key sources of estimation uncertainty and estimates
The directors consider that there are no key judgements that the management have made in the process of applying the company's accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.
Short term debtors are measured at the transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairmrnt.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using effective method.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
At 31 December 2024
14,567
At 31 December 2024
14,567
5
Investments
Other investments
Valuation at 1 January 2024
218,982
Valuation at 31 December 2024
218,982
These investments comprises 25% of the ordinary shares in Nadejda Ship Management (UK) Limited and 20% holding in Intralogistics Solutions Ltd.
INVESTCO MARINE AGENCY LTD
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
15,906
15,906
Loans from directors
24,687
22,996
The company is controlled by A.F. Lugovtsov and V.P. Vassiliev.
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).