IRIS Accounts Production v25.3.0.601 10544177 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false Preference 0.50000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 10544177 2024-01-31 10544177 2025-01-31 10544177 2024-02-01 2025-01-31 10544177 2023-01-31 10544177 2023-02-01 2024-01-31 10544177 2024-01-31 10544177 ns15:EnglandWales 2024-02-01 2025-01-31 10544177 ns14:PoundSterling 2024-02-01 2025-01-31 10544177 ns10:Director1 2024-02-01 2025-01-31 10544177 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 10544177 ns10:SmallEntities 2024-02-01 2025-01-31 10544177 ns10:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 10544177 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 10544177 ns10:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 10544177 ns10:FullAccounts 2024-02-01 2025-01-31 10544177 ns10:OrdinaryShareClass1 2024-02-01 2025-01-31 10544177 ns10:Director2 2024-02-01 2025-01-31 10544177 ns10:RegisteredOffice 2024-02-01 2025-01-31 10544177 ns5:CurrentFinancialInstruments 2025-01-31 10544177 ns5:CurrentFinancialInstruments 2024-01-31 10544177 ns5:Non-currentFinancialInstruments 2025-01-31 10544177 ns5:Non-currentFinancialInstruments 2024-01-31 10544177 ns5:ShareCapital 2025-01-31 10544177 ns5:ShareCapital 2024-01-31 10544177 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 10544177 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 10544177 ns5:FurnitureFittings 2024-02-01 2025-01-31 10544177 ns5:ComputerEquipment 2024-02-01 2025-01-31 10544177 ns5:LeaseholdImprovements 2024-01-31 10544177 ns5:FurnitureFittings 2024-01-31 10544177 ns5:ComputerEquipment 2024-01-31 10544177 ns5:LeaseholdImprovements 2024-02-01 2025-01-31 10544177 ns5:LeaseholdImprovements 2025-01-31 10544177 ns5:FurnitureFittings 2025-01-31 10544177 ns5:ComputerEquipment 2025-01-31 10544177 ns5:LeaseholdImprovements 2024-01-31 10544177 ns5:FurnitureFittings 2024-01-31 10544177 ns5:ComputerEquipment 2024-01-31 10544177 ns10:OrdinaryShareClass1 2025-01-31

REGISTERED NUMBER: 10544177 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST JANUARY 2025 |

| FOR |

| MCGRUER MARITIME LIMITED |

MCGRUER MARITIME LIMITED (REGISTERED NUMBER: 10544177)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

MCGRUER MARITIME LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST JANUARY 2025

| DIRECTORS: | J B McGruer

| Mrs D A McGruer

| REGISTERED OFFICE: | Woodland Stables

| Lincoln Road

| East Barkwith

| Market Rasen

| Lincolnshire

| LN8 5RW

| REGISTERED NUMBER: | 10544177 (England and Wales)

| ACCOUNTANTS: | Compass Accountants Limited

| Chartered Accountants

| Venture House

| The Tanneries

| East Street

| Titchfield

| Hampshire

| PO14 4AR

MCGRUER MARITIME LIMITED (REGISTERED NUMBER: 10544177)

BALANCE SHEET

31ST JANUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 22,494 |  | 15,139 |  |

CURRENT ASSETS

Cash at bank | 7,614 |  | 6,233 |  |

CREDITORS

Amounts falling due within one year | 5 | 55,655 |  | 39,267 |  |

NET CURRENT LIABILITIES | (48,041 | ) | (33,034 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (25,547 | ) | (17,895 | ) |

CREDITORS

Amounts falling due after more than one year | 6 | 13,265 |  | 16,215 |  |

NET LIABILITIES | (38,812 | ) | (34,110 | ) |

CAPITAL AND RESERVES

Called up share capital | 7 | 1 |  | 1 |  |

Retained earnings | (38,813 | ) | (34,111 | ) |

SHAREHOLDERS' FUNDS | (38,812 | ) | (34,110 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th May 2025 and were signed on its behalf by:

J B McGruer - Director

MCGRUER MARITIME LIMITED (REGISTERED NUMBER: 10544177)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2025

1. | STATUTORY INFORMATION

| McGruer Maritime Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and associated costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 25% on cost

| Computer equipment | - | 33% on cost

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Basic financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 1 to all of its financial instruments.

| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

| Going concern

| The financial statements for the year ended 31st January 2025 have been prepared on a going concern basis. In making this going concern assessment, all available information about the foreseeable future has been taken into account.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

MCGRUER MARITIME LIMITED (REGISTERED NUMBER: 10544177)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST JANUARY 2025

4. | PROPERTY, PLANT AND EQUIPMENT

| Staff |  | Fixtures |

| disability |  | and |  | Computer |

| works |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1st February 2024 | 15,448 |  | 2,958 |  | 4,088 |  | 22,494 |  |

| Additions | 7,820 |  | - |  | - |  | 7,820 |  |

| At 31st January 2025 | 23,268 |  | 2,958 |  | 4,088 |  | 30,314 |  |

| DEPRECIATION

| At 1st February 2024 | 309 |  | 2,958 |  | 4,088 |  | 7,355 |  |

| Charge for year | 465 |  | - |  | - |  | 465 |  |

| At 31st January 2025 | 774 |  | 2,958 |  | 4,088 |  | 7,820 |  |

| NET BOOK VALUE

| At 31st January 2025 | 22,494 |  | - |  | - |  | 22,494 |  |

| At 31st January 2024 | 15,139 |  | - |  | - |  | 15,139 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 7,185 |  | 7,185 |  |

| Taxation and social security | - |  | 401 |  |

| Other creditors | 48,470 |  | 31,681 |  |

55,655 |  | 39,267 |  |

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 13,265 |  | 16,215 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 2 | Preference | 0.5 | 1 |  | 1 |  |