REGISTERED NUMBER: 04500365 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MARINE SCENE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R M W Jones

C M G Jones

SECRETARY:

C M G Jones

REGISTERED OFFICE:

Unit 5 South Cornelly Industrial Estate

Porthcawl Road

South Cornelly

CF33 4RE

REGISTERED NUMBER:

04500365 (England and Wales)

ACCOUNTANTS:

Baker Knoyle Chartered Accountants

Orbit Business Centre

Merthyr Tydfil

CF48 1DL

FIXED ASSETS

Tangible assets

4

69,280

75,497

CURRENT ASSETS

Stocks

200,000

165,972

Debtors

5

66,699

64,706

Cash at bank and in hand

3,646

4,407

270,345

235,085

CREDITORS

Amounts falling due within one year

6

292,706

227,678

NET CURRENT (LIABILITIES)/ASSETS

(22,361

)

7,407

TOTAL ASSETS LESS CURRENT LIABILITIES

46,919

82,904

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

46,819

82,804

46,919

82,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

R M W Jones - Director

1.	STATUTORY INFORMATION

Marine Scene 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.

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.

Plant and machinery etc

-

33% on reducing balance and 5% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

123,951

DEPRECIATION

At 1 January 2024

48,454

Charge for year

6,217

At 31 December 2024

54,671

NET BOOK VALUE

At 31 December 2024

69,280

At 31 December 2023

75,497

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

124

906

Other debtors

66,575

63,800

66,699

64,706

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

83,523

83,051

Trade creditors

182,599

106,621

Taxation and social security

21,940

32,311

Other creditors

4,644

5,695

292,706

227,678

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

R M W Jones

Balance outstanding at start of year

28,419

34,349

Amounts advanced

8,352

36,570

Amounts repaid

-

(42,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

36,771

28,419

C M G Jones

Balance outstanding at start of year

6,416

11,126

Amounts advanced

10,699

7,790

Amounts repaid

-

(12,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,115

6,416