REGISTERED NUMBER: 04439147 (England and Wales)

Financial Statements for the Year Ended 31 January 2025

for

Marine & General Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Cobb

SECRETARY:

U Scott

REGISTERED OFFICE:

5A Allens Lane

Hamworthy

Poole

Dorset

BH16 5DA

REGISTERED NUMBER:

04439147 (England and Wales)

ACCOUNTANTS:

Anaxes Ltd

34 Station Road

Poole

Dorset

BH14 8UD

FIXED ASSETS

Tangible assets

4

401,680

410,425

Investment property

5

600,000

547,974

1,001,680

958,399

CURRENT ASSETS

Debtors

6

16,966

55,351

Cash at bank

31,731

57,080

48,697

112,431

CREDITORS

Amounts falling due within one year

7

129,509

234,619

NET CURRENT LIABILITIES

(80,812

)

(122,188

)

TOTAL ASSETS LESS CURRENT LIABILITIES

920,868

836,211

CREDITORS

Amounts falling due after more than one year

8

(345,484

)

(381,703

)

PROVISIONS FOR LIABILITIES

(12,893

)

(400

)

NET ASSETS

562,491

454,108

CAPITAL AND RESERVES

Called up share capital

1

1

Capital redemption reserve

1

1

Retained earnings

562,489

454,106

SHAREHOLDERS' FUNDS

562,491

454,108

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2025 and were signed by:

S Cobb - Director

1.	STATUTORY INFORMATION

Marine & General Services 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2024

434,839

12,312

447,151

Additions

-

558

558

At 31 January 2025

434,839

12,870

447,709

DEPRECIATION

At 1 February 2024

26,091

10,635

36,726

Charge for year

8,697

606

9,303

At 31 January 2025

34,788

11,241

46,029

NET BOOK VALUE

At 31 January 2025

400,051

1,629

401,680

At 31 January 2024

408,748

1,677

410,425

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

547,974

Revaluations

52,026

At 31 January 2025

600,000

NET BOOK VALUE

At 31 January 2025

600,000

At 31 January 2024

547,974

Fair value at 31 January 2025 is represented by:

£

Valuation in 2025

52,026

Cost

547,974

600,000

If investment property had not been revalued it would have been included at the following historical cost:

31.1.25

31.1.24

£

£

Cost

547,974

-

investment property was valued on an open market basis on 31 January 2025 by the Director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

16,966

55,351

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

36,111

34,532

Trade creditors

103

10,185

Taxation and social security

37,014

68,420

Other creditors

56,281

121,482

129,509

234,619

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

345,484

381,703

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

279,347

299,190

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

381,595

416,235

The bank loans are secured by fixed and floating charges over the assets of the company.