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04462972falseManagement Consultancy and marketing of hovercraft2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:CompanySecretary12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-12-31http://www.companieshouse.gov.uk/cd:Director22024-01-012024-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-01-012024-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-01-012024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FRS1022024-01-012024-12-31http://www.companieshouse.gov.uk/2024-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-01-012024-12-31iso4217:GBPxbrli:sharesxbrli:pure


Registered number: 04462972






Hover Marine Limited


ACCOUNTS

FOR THE YEAR ENDED 31/12/2024
























Prepared By:
R F Love and Company
Chartered Accountant
Holly House
21D Chudleigh Road
Exeter
Devon
EX2 8TS


ACCOUNTS
FOR THE YEAR ENDED 31/12/2024





DIRECTORS
R F Love
G S Litton



SECRETARY
Roy Love


REGISTERED OFFICE
23 Chudleigh Road
Exeter
Devon
EX2 8TS


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04462972



ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21D Chudleigh Road
Exeter
Devon
EX2 8TS


ACCOUNTS
FOR THEYEARENDED31/12/2024



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		-


BALANCE SHEET AT 31/12/2024

			2024		2023
	Notes		£		£

FIXED ASSETS
Tangible assets	3		577		769

CURRENT ASSETS
Stock		45,000		44,600
Debtors	5	-		457
Cash at bank and in hand		16		13
		45,016		45,070
CREDITORS: Amounts falling due within one year	6	46,086		45,590
NET CURRENT LIABILITIES			(1,070)		(520)
TOTAL ASSETS LESS CURRENT LIABILITIES			(493)		249


CREDITORS: Amounts falling due after more than one year	7		-		316

NET LIABILITIES			(493)		(67)

CAPITAL AND RESERVES

Called up share capital	8		9,000		9,000
Profit and loss account			(9,493)		(9,067)
SHAREHOLDERS' FUNDS			(493)		(67)

For the year ending 31/12/2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 28/09/2025 and signed on their behalf by



.............................
R F Love
Director




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		reducing balance 25%




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 .




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks 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 of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




3. TANGIBLE FIXED ASSETS

	Fixtures
	and Fittings	Total
	£	£
Cost
At 01/01/2024	10,274	10,274
At 31/12/2024	10,274	10,274
Depreciation
At 01/01/2024	9,505	9,505
For the year	192	192
At 31/12/2024	9,697	9,697
Net Book Amounts
At 31/12/2024	577	577
At 31/12/2023	769	769




4. STOCK	2024	2023
	£	£
Stock comprises:

Work in progress	45,000	44,600
	45,000	44,600




5. DEBTORS	2024	2023
	£	£
Amounts falling due within one year

Amounts falling due over more than one year
Long term debtor	-	457
	-	457
	-	457




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2024	2023
	£	£
Directors current account	46,086	45,590
	46,086	45,590




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2024	2023
	£	£
Long term creditor	-	316
	-	316




8. SHARE CAPITAL	2024	2023
	£	£
Allotted, issued and fully paid:
9000 Ordinary shares of £1 each	9000	9000
	9,000	9,000




2. EMPLOYEES

	2024	2023
	No.	No.
Average number of employees	2	2