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Company Registration No. 14534009 (England and Wales)
Marine Innovations Limited Unaudited accounts for the year ended 31 December 2025
Marine Innovations Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Marine Innovations Limited Company Information for the year ended 31 December 2025
Directors
Bradley Davis Rachel Davis
Company Number
14534009 (England and Wales)
Registered Office
4 Park Lane Burton Waters Lincoln LN1 2WP England
Accountants
Tetley Tax Limited trading as Tetley Tax Consultants 58 Hambling Drive Beverley HU17 9GD
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Marine Innovations Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
620
930
Current assets
Inventories
2,000
1,000
Debtors
5
8,590
11,333
Cash at bank and in hand
5,104
1,275
15,694
13,608
Creditors: amounts falling due within one year
6
(112,784)
(90,306)
Net current liabilities
(97,090)
(76,698)
Net liabilities
(96,470)
(75,768)
Capital and reserves
Profit and loss account
(96,470)
(75,768)
Shareholders' funds
(96,470)
(75,768)
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2026 and were signed on its behalf by
Bradley Davis Director Company Registration No. 14534009
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Marine Innovations Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Marine Innovations Limited is a private company, limited by shares, registered in England and Wales, registration number 14534009. The registered office is 4 Park Lane, Burton Waters, Lincoln, LN1 2WP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2025
1,523
98
1,621
At 31 December 2025
1,523
98
1,621
Depreciation
At 1 January 2025
667
24
691
Charge for the year
286
24
310
At 31 December 2025
953
48
1,001
Net book value
At 31 December 2025
570
50
620
At 31 December 2024
856
74
930
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Marine Innovations Limited Notes to the Accounts for the year ended 31 December 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
376
933
Trade debtors
6,324
7,298
Accrued income and prepayments
1,838
3,102
Other debtors
52
-
8,590
11,333
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
508
736
Other creditors
10,000
10,000
Loans from directors
102,276
79,570
112,784
90,306
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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