Thameside Services Marine Ltd - Filleted accounts

Registered number

06396681

Thameside Services Marine Ltd

Filleted Accounts

31 March 2025

Thameside Services Marine Ltd
Registered number:		06396681
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		1			1
Tangible assets	4		514,644			536,392
			514,645			536,393

Current assets
Debtors	5	440,887			460,249
Cash at bank and in hand		29,512			24,210
		470,399			484,459

Creditors: amounts falling due within one year	6	(79,700)			(69,686)

Net current assets			390,699			414,773

Total assets less current liabilities			905,344			951,166

Creditors: amounts falling due after more than one year	7		-			(13,333)

Provisions for liabilities			(121,908)			(95,588)


Net assets			783,436			842,245

Capital and reserves
Called up share capital			100			100
Profit and loss account			783,336			842,145

Shareholders' funds			783,436			842,245

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




John Furrents
Director
Approved by the board on 20 November 2025

Thameside Services Marine Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Boats			over 20 years
	Motor vehicles			over 4 years
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		3


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 31 March 2025							-

	Amortisation
	At 1 April 2024							(1)
	At 31 March 2025							(1)

	Net book value
	At 31 March 2025							1
	At 31 March 2024							1

	Goodwill is being written off in annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	129,623		781,939		51,139		962,701
	Additions	-		35,610		-		35,610
	At 31 March 2025	129,623		817,549		51,139		998,311

	Depreciation
	At 1 April 2024	-		387,670		38,639		426,309
	Charge for the year	-		51,108		6,250		57,358
	At 31 March 2025	-		438,778		44,889		483,667

	Net book value
	At 31 March 2025	129,623		378,771		6,250		514,644
	At 31 March 2024	129,623		394,269		12,500		536,392


5	Debtors					2025		2024
£							£

	Trade debtors					305,591		318,663
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					127,896		-
	Other debtors					7,400		141,586
						440,887		460,249


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					13,333		10,000
	Trade creditors					31,690		27,010
	Taxation and social security costs					15,316		12,857
	Other creditors					19,361		19,819
						79,700		69,686


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		13,333


8	Controlling party

	During the year, the company was under the ultimate control of it's Director, John Furrents, who owns 51% of the issued share capital.


9	Other information

	Thameside Services Marine Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Warden Court Cottage
	Thorn Hill Road
	Warden
	Kent
	ME12 4HF