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Registered number: 04022933
l & i Maritime Limited
Financial Statements
For The Year Ended 31 August 2025
l & i Maritime Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
l & i Maritime Limited
Balance Sheet
As At 31 August 2025
Balance Sheet
Registered number: 04022933

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 1 |  | 1
Tangible Assets | 5 |  | 102,857 |  | 25,206
Investments | 6 |  | 477,806 |  | 440,163
|  |  | 580,664 |  | 465,370
CURRENT ASSETS
Stocks | 7 | 15,119 |  | 14,458 |
Debtors | 8 | 234,602 |  | 193,806 |
Cash at bank and in hand |  | 2,629,962 |  | 2,607,603 |
|  | 2,879,683 |  | 2,815,867 |
Creditors: Amounts Falling Due Within One Year | 9 | (103,736 ) |  | (65,660 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,775,947 |  | 2,750,207
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 3,356,611 |  | 3,215,577
NET ASSETS |  |  | 3,356,611 |  | 3,215,577
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Profit and Loss Account |  |  | 3,356,511 |  | 3,215,477
SHAREHOLDERS' FUNDS |  |  | 3,356,611 |  | 3,215,577

Page 1
Page 2
l & i Maritime Limited
Balance Sheet (continued)
As At 31 August 2025
For the year ending 31 August 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 Richard Johnson Director
24 March 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
l & i Maritime Limited
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
l & i Maritime Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04022933 . The registered office is Cowslip Cottage, West Markham, Newark, Nottinghamshire, NG22 0GU.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 25% reducing balance
Motor Vehicles | 25% reducing balance

2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
l & i Maritime Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2.7. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 4 (2024: 4)
4 4
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 September 2024 | 1
As at 31 August 2025 | 1
Net Book Value
As at 31 August 2025 | 1
As at 1 September 2024 | 1

5. Tangible Assets

| Plant & Machinery | Motor Vehicles | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 September 2024 | 22,657 | 89,637 | 112,294
Additions | - | 125,964 | 125,964
Disposals | - | (89,637 ) | (89,637 )
As at 31 August 2025 | 22,657 | 125,964 | 148,621
Depreciation
As at 1 September 2024 | 18,722 | 68,366 | 87,088
Provided during the period | 799 | 26,243 | 27,042
Disposals | - | (68,366 ) | (68,366 )
As at 31 August 2025 | 19,521 | 26,243 | 45,764

...CONTINUED
Page 4
Page 5
l & i Maritime Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025

Net Book Value
As at 31 August 2025 | 3,136 | 99,721 | 102,857
As at 1 September 2024 | 3,935 | 21,271 | 25,206

6. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 September 2024 | 440,163
Additions | 37,643
As at 31 August 2025 | 477,806
Provision
As at 1 September 2024 | -
As at 31 August 2025 | -
Net Book Value
As at 31 August 2025 | 477,806
As at 1 September 2024 | 440,163

7. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Materials | 15,119 |  | 14,458

8. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 209,081 |  | 148,216
Prepayments and accrued income | 1,964 |  | 2,375
Other debtors (3) | 14,421 |  | 14,481
Deferred tax current asset | 9,136 |  | 28,734
| 234,602 |  | 193,806

9. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 36,394 |  | -
Corporation tax | 52,564 |  | 50,392
Other taxes and social security | 281 |  | 1,053
Other creditors | 4,040 |  | 3,758
Directors' loan accounts | 10,457 |  | 10,457
| 103,736 |  | 65,660

Page 5
Page 6
l & i Maritime Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
10. Share Capital

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

Page 6