Registration number: 05119196

PE Marine Designz Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

PE Marine Designz Ltd

Company Information

Director

Mr Paul Edmondson

Registered office

Kia Ora House Brook Road Wimborne Dorset BH21 2FW

Accountants

Deborah Rees ACMA AIMS Accountants for Business5 Benedict Close Romsey Hampshire SO51 8PN

PE Marine Designz Ltd

(Registration number: 05119196)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	-	394
Tangible assets	5	78,786	85,924
		78,786	86,318
Current assets
Stocks	6	37,596	10,000
Debtors	7	441,658	444,260
Cash at bank and in hand		209,986	265,292
		689,240	719,552
Creditors: Amounts falling due within one year	8	(169,351)	(196,084)
Net current assets		519,889	523,468
Total assets less current liabilities		598,675	609,786
Provisions for liabilities		(4,876)	(5,487)
Net assets		593,799	604,299
Capital and reserves
Called up share capital	9	1	1
Retained earnings		593,798	604,298
Shareholders' funds		593,799	604,299

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

PE Marine Designz Ltd

(Registration number: 05119196)
Balance Sheet as at 31 March 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 September 2025
 

......................................... Mr Paul Edmondson Director

PE Marine Designz Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Kia Ora House
Brook Road
Wimborne
Dorset
BH21 2FW

These financial statements were authorised for issue by the director on 18 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

PE Marine Designz Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Workshop	10% straight line
Demonstration units	20% straight line
Plant and machinery	25% reducing balance
Office equipment	25% reducing balance
Commercial vehicles	20% reducing balance

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Patents	Over 20 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

PE Marine Designz Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

PE Marine Designz Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Intangible assets

	Trademarks, patents and licenses  £	Total £
Cost or valuation
At 1 April 2024	9,159	9,159
At 31 March 2025	9,159	9,159
Amortisation
At 1 April 2024	8,765	8,765
Amortisation charge	394	394
At 31 March 2025	9,159	9,159
Carrying amount
At 31 March 2025	-	-
At 31 March 2024	394	394

The aggregate amount of research and development expenditure recognised as an expense during the period is £63,051 (2024 - £55,021).
 

PE Marine Designz Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Tangible assets

	Other Assets £	Office equipment £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	91,717	13,805	7,056	23,495	136,073
Additions	-	-	3,781	-	3,781
At 31 March 2025	91,717	13,805	10,837	23,495	139,854
Depreciation
At 1 April 2024	24,665	12,490	7,056	5,938	50,149
Charge for the year	7,770	329	709	2,111	10,919
At 31 March 2025	32,435	12,819	7,765	8,049	61,068
Carrying amount
At 31 March 2025	59,282	986	3,072	15,446	78,786
At 31 March 2024	67,052	1,315	-	17,557	85,924

6

Stocks

	2025 £	2024 £
Other inventories	37,596	10,000

7

Debtors

Current	2025 £	2024 £
Trade debtors	89,755	44,347
Other debtors	351,903	399,913
	441,658	444,260

PE Marine Designz Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	4,821	29,861
Taxation and social security	57,535	82,984
Other creditors	106,995	83,239
	169,351	196,084

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

10

Dividends

		2025		2024
		£		£
Interim dividend of £36,000.00 (2024 - £39,750.00) per ordinary share		36,000		39,750

PE Marine Designz Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

11	Related party transactions

Interest on the loan is charged at the official rate.

Transactions with the director

2025	At 1 April 2024 £	Repayments by director £	At 31 March 2025 £
Mr Paul Edmondson
Director's Loan account	284,530	(39,745)	244,785

2024	At 1 April 2023 £	Repayments by director £	At 31 March 2024 £
Mr Paul Edmondson
Director's Loan account	298,481	(13,951)	284,530

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	12,570	9,100
Contributions paid to money purchase schemes	62,400	62,400
	74,970	71,500