REGISTERED NUMBER: SC329166 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

Tymor Marine Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K A Moran

Mrs C A Moran

C MacFarlane

SECRETARY:

K A Moran

REGISTERED OFFICE:

40 Desswood Place

Aberdeen

AB25 2DG

REGISTERED NUMBER:

SC329166 (Scotland)

ACCOUNTANTS:

J M Taylor

5 Rubislaw Terrace

ABERDEEN

AB10 1XE

FIXED ASSETS

Tangible assets

4

91,868

45,121

Investments

5

16,143

16,143

108,011

61,264

CURRENT ASSETS

Debtors

6

253,983

247,458

Cash at bank and in hand

55,086

102,674

309,069

350,132

CREDITORS

Amounts falling due within one year

7

169,930

141,342

NET CURRENT ASSETS

139,139

208,790

TOTAL ASSETS LESS CURRENT LIABILITIES

247,150

270,054

CREDITORS

Amounts falling due after more than one year

8

(95,596

)

(80,413

)

PROVISIONS FOR LIABILITIES

9

(22,967

)

(11,280

)

NET ASSETS

128,587

178,361

CAPITAL AND RESERVES

Called up share capital

143

143

Retained earnings

128,444

178,218

SHAREHOLDERS' FUNDS

128,587

178,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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:

K A Moran - Director

1.	STATUTORY INFORMATION

Tymor 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.

Preparation of consolidated financial statements

The financial statements contain information about Tymor Marine Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

138,638

Additions

90,820

Disposals

(85,892

)

At 31 March 2025

143,566

DEPRECIATION

At 1 April 2024

93,517

Charge for year

22,659

Eliminated on disposal

(64,478

)

At 31 March 2025

51,698

NET BOOK VALUE

At 31 March 2025

91,868

At 31 March 2024

45,121

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

85,892

Additions

90,820

Disposals

(85,892

)

At 31 March 2025

90,820

DEPRECIATION

At 1 April 2024

43,005

Charge for year

21,473

Eliminated on disposal

(64,478

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

90,820

At 31 March 2024

42,887

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

16,143

NET BOOK VALUE

At 31 March 2025

16,143

At 31 March 2024

16,143

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

206,450

221,506

Other debtors

47,533

25,952

253,983

247,458

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

16,271

16,271

Hire purchase contracts

16,919

14,957

Trade creditors

26,832

14,982

Amounts owed to group undertakings

8,808

8,889

Taxation and social security

72,724

67,091

Other creditors

28,376

19,152

169,930

141,342

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

21,695

37,966

Hire purchase contracts

73,901

42,447

95,596

80,413

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

22,967

11,280

Deferred

tax

£

Balance at 1 April 2024

11,280

Accelerated capital allowances

11,687

Balance at 31 March 2025

22,967

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.