MARINE RATIONALE ALBA LIMITED


Director	Michael Robert Ashworth


Registered Address	475b High Street
	Kirkcaldy
	KY1 2SN


Registered Number	SC256334 (Scotland)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		2,390		2,390
			2,390		2,390
Current assets
Debtors	4	13,406		19,092
Cash at bank and on hand		48		6,793
		13,454		25,885
Creditors amounts falling due within one year	5	(15,377)		(27,505)
Net current assets (liabilities)			(1,923)		(1,620)
Total assets less current liabilities			467		770
Provisions for liabilities			(454)		(454)
Net assets			13		316
Capital and reserves
Called up share capital			2		2
Profit and loss account			11		314
Shareholders' funds			13		316

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 12 August 2025, and are signed on its behalf by:

Michael Robert Ashworth
Director
Registered Company No. SC256334

MARINE RATIONALE ALBA LIMITED

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

1.	Accounting policies

	Statutory information
	Marine Rationale Alba 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.

	Statement of compliance
	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.

	Going concern
	The financial statements have been prepared on the going concern basis. The director finds it appropriate for the financial statements to be prepared on this basis despite the net current liability position of the company. The company is reliant upon the continued support of the director who has confirmed he will continue to support the company as required.

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

	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.

	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

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

	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	20
	Office Equipment	20

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

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	5,080	3,264	8,344
Additions	-	571	571
At 31 March 25	5,080	3,835	8,915
Depreciation and impairment
At 01 April 24	4,939	1,015	5,954
Charge for year	28	543	571
At 31 March 25	4,967	1,558	6,525
Net book value
At 31 March 25	113	2,277	2,390
At 31 March 24	141	2,249	2,390

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	6,445	9,356
Other debtors	6,771	9,564
Prepayments and accrued income	190	172
Total	13,406	19,092

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	-	231
Bank borrowings and overdrafts	1,239	-
Taxation and social security	11,757	24,596
Other creditors	-	783
Accrued liabilities and deferred income	2,381	1,895
Total	15,377	27,505

6.	Other commitments
	Minimum lease payments under non-cancellable operating leases fall due as follows: 2025 £6,000 (2024: £6,000)