GB Maritime Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 14746143

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	2,979		2,400
Cash at bank and in hand		232		2,155

		3,211		4,555
Creditors: Amounts Falling Due Within One Year	5	(3,029 )		(4,825 )

NET CURRENT ASSETS (LIABILITIES)			182		(270 )

TOTAL ASSETS LESS CURRENT LIABILITIES			182		(270 )

NET ASSETS/(LIABILITIES)			182		(270 )

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			82		(370 )

SHAREHOLDERS' FUNDS			182		(270)

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GB Maritime Limited

Balance Sheet (continued)

As At 31 March 2025

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr G M Spear

Director

12 December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

GB Maritime Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14746143 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.

The company's principal activity continued to be that of the cleaning and maintenance of ships and boats.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,584	2,350
Other debtors	1,395	50

	2,979	2,400

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GB Maritime Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	969	4,825
Taxation and social security	2,060	-

	3,029	4,825

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

7. Directors Advances, Credits and Guarantees

Included in other creditors due within one year is a loan from the director, Mr G Spear amounting to £NIL (2024 - £3,900).

Included in other debtors due within one year are loans to the directors, Mr G Spear amounting to £1,395 (2024 - NIL) and Mr B Steward-Shirley amounting to £NIL (2024 - £50).

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