REGISTERED NUMBER: SC425590 (Scotland)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

CLS Marine Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Patience

Mrs F A Patience

REGISTERED OFFICE:

14 Glenugie View

Peterhead

Aberdeenshire

AB42 2RW

REGISTERED NUMBER:

SC425590 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

4

340

669

CURRENT ASSETS

Debtors

5

33,955

43,090

Cash at bank

10

10

33,965

43,100

CREDITORS

Amounts falling due within one year

6

21,358

27,248

NET CURRENT ASSETS

12,607

15,852

TOTAL ASSETS LESS CURRENT LIABILITIES

12,947

16,521

CREDITORS

Amounts falling due after more than one year

7

(12,803

)

(15,717

)

PROVISIONS FOR LIABILITIES

(65

)

(127

)

NET ASSETS

79

677

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

69

667

SHAREHOLDERS' FUNDS

79

677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 6 November 2025 and were signed on its behalf by:

Mrs F A Patience - Director

1.	STATUTORY INFORMATION

CLS Marine Ltd is a private company, limited by shares , registered in Scotland. 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.

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.

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 July 2024

and 30 June 2025

999

DEPRECIATION

At 1 July 2024

330

Charge for year

329

At 30 June 2025

659

NET BOOK VALUE

At 30 June 2025

340

At 30 June 2024

669

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Other debtors

33,955

43,090

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

5,401

5,342

Trade creditors

987

1,044

Taxation and social security

13,047

17,472

Other creditors

1,923

3,390

21,358

27,248

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

12,803

15,717

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,243

4,157

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2025 and 30 June 2024:

30.6.25

30.6.24

£

£

Mr D Patience

Balance outstanding at start of year

15,465

19,308

Amounts advanced

11,157

11,121

Amounts repaid

(13,753

)

(14,964

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

12,869

15,465

Mrs F A Patience

Balance outstanding at start of year

12,617

16,453

Amounts advanced

11,091

11,057

Amounts repaid

(13,823

)

(14,893

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,885

12,617