Company Registration No. SC113496 (Scotland)
THE CENTRE FOR MARITIME & INDUSTRIAL SAFETY TECHNOLOGY LIMITED
Unaudited accounts
for the year ended 31 March 2025
THE CENTRE FOR MARITIME & INDUSTRIAL SAFETY TECHNOLOGY LIMITED
Unaudited accounts
Contents
THE CENTRE FOR MARITIME & INDUSTRIAL SAFETY TECHNOLOGY LIMITED
Company Information
for the year ended 31 March 2025
Directors
Medhi Laftavi
Margaret Laftavi
Secretary
Margaret Laftavi
Company Number
SC113496 (Scotland)
Registered Office
Heriot Watt University Research Park
Edinburgh
Midlothian
EH14 4AP
Accountants
River CCyF Limited
2 Orchard Grove
Kilmacolm
Renfrewshire
PA13 4HQ
THE CENTRE FOR MARITIME & INDUSTRIAL SAFETY TECHNOLOGY LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
19,625
22,528
Cash at bank and in hand
4,726,718
4,694,005
Creditors: amounts falling due within one year
(240,800)
(329,572)
Net current assets
4,671,138
4,592,983
Net assets
4,690,763
4,615,511
Called up share capital
12,000
12,000
Profit and loss account
4,678,763
4,603,511
Shareholders' funds
4,690,763
4,615,511
For the 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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by
Medhi Laftavi
Director
Company Registration No. SC113496
THE CENTRE FOR MARITIME & INDUSTRIAL SAFETY TECHNOLOGY LIMITED
Notes to the Accounts
for the year ended 31 March 2025
THE CENTRE FOR MARITIME & INDUSTRIAL SAFETY TECHNOLOGY LIMITED is a private company, limited by shares, registered in Scotland, registration number SC113496. The registered office is Heriot Watt University Research Park, Edinburgh, Midlothian, EH14 4AP.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over Life of Lease
Motor vehicles
25%-33% Straight Line
Fixtures & fittings
25%- 33% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
THE CENTRE FOR MARITIME & INDUSTRIAL SAFETY TECHNOLOGY LIMITED
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
15,340
181,402
468,769
31,115
696,626
Additions
-
-
-
9,248
9,248
At 31 March 2025
15,340
181,402
468,769
40,363
705,874
At 1 April 2024
15,340
181,402
465,574
11,782
674,098
Charge for the year
-
-
799
11,352
12,151
At 31 March 2025
15,340
181,402
466,373
23,134
686,249
At 31 March 2025
-
-
2,396
17,229
19,625
At 31 March 2024
-
-
3,195
19,333
22,528
Amounts falling due within one year
Trade debtors
155,412
209,570
Accrued income and prepayments
29,808
17,934
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
21,224
40,952
Taxes and social security
32,906
45,080
Loans from directors
6,281
23,699
Deferred income
30,001
59,997
At the Year End the company owed the Directors £6,281 Previous year the Company owed the Directors £23.699
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Average number of employees
During the year the average number of employees was 6 (2024: 8).