G B MARINE SERVICES LTD


Director	BROTHERTON, Giles


Company Secretary	BROTHERTON, Vikki


Registered Address	158 Athelstan Road
	Southampton
	SO19 4DJ


Registered Number	06474243 (England and Wales)

Balance Sheet as at
31 January 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		14,012		899
			14,012		899
Current assets
Debtors	5	5,892		7,300
Cash at bank and on hand		12,205		12,006
		18,097		19,306
Creditors amounts falling due within one year	6	(12,439)		(11,863)
Net current assets (liabilities)			5,658		7,443
Total assets less current liabilities			19,670		8,342
Creditors amounts falling due after one year	7		(14,381)		(8,065)
Net assets			5,289		277
Capital and reserves
Called up share capital			10		10
Profit and loss account			5,279		267
Shareholders' funds			5,289		277

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 20 February 2025, and are signed on its behalf by:

BROTHERTON, Giles
Director
Registered Company No. 06474243

G B MARINE SERVICES LTD

Notes to the Financial Statements
for the year ended 31 January 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Revenue from sale of goods
	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.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Intangible assets
	Goodwill, being the amount paid in connection with the acquisition of the business, is being amortised evenly over its estimated useful life of 5 years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Vehicles	25

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 February 24	9,000	9,000
At 31 January 25	9,000	9,000
Amortisation and impairment
At 01 February 24	9,000	9,000
At 31 January 25	9,000	9,000
Net book value
At 31 January 25	-	-
At 31 January 24	-	-

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Total
	£	£	£
Cost or valuation
At 01 February 24	2,289	8,295	10,584
Additions	-	14,995	14,995
Disposals	-	(8,295)	(8,295)
At 31 January 25	2,289	14,995	17,284
Depreciation and impairment
At 01 February 24	1,537	8,148	9,685
Charge for year	188	1,568	1,756
On disposals	-	(8,169)	(8,169)
At 31 January 25	1,725	1,547	3,272
Net book value
At 31 January 25	564	13,448	14,012
At 31 January 24	752	147	899

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by associates and joint ventures / participating interests	5,892	7,300
Total	5,892	7,300


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	203	-
Bank borrowings and overdrafts	3,153	1,444
Taxation and social security	7,686	9,087
Accrued liabilities and deferred income	1,397	1,332
Total	12,439	11,863


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	14,381	8,065
Total	14,381	8,065


	Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
BROTHERTON, Giles	7,300	51,492	52,900	5,892
	7,300	51,492	52,900	5,892