Acaster Marine Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07394194

ACASTER MARINE LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 July 2025

ACASTER MARINE LIMITED

STATEMENT OF FINANCIAL POSITION

31 July 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	5		794,389	827,547

CURRENT ASSETS

Stocks		157,966	186,575
Debtors	6	32,854	66,170
Cash at bank and in hand		1,440	23,972
		----------	----------
		192,260	276,717

CREDITORS: amounts falling due within one year	7	263,172		291,517
		----------		----------
NET CURRENT LIABILITIES			70,912	14,800
			----------	----------
TOTAL ASSETS LESS CURRENT LIABILITIES			723,477	812,747

CREDITORS: amounts falling due after more than one year	8		440,603	502,785

PROVISIONS

Taxation including deferred tax	42,117	51,106
	----------	----------
NET ASSETS	240,757	258,856
	----------	----------

ACASTER MARINE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 July 2025

	2025		2024
Note	£	£	£

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	240,657	258,756
	----------	----------
SHAREHOLDERS FUNDS	240,757	258,856
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 21 April 2026 , and are signed on behalf of the board by:

Mr G Hudson

Director

Company registration number: 07394194

ACASTER MARINE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Boat House, Water Line Estate, Acaster Malbis, York, YO23 2UY.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. ACCOUNTING POLICIES

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

(c) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

(d) Current & deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

(e) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

(f) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	5% reducing balance
Plant & machinery	-	15% reducing balance
Fixtures & fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

(g) Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

(h) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(i) Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

(j) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

(k) Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

(l) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 9 (2024: 8 ).

5. TANGIBLE ASSETS

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 August 2024	623,123	215,060	4,183	157,019	999,385
Additions	3,500	5,833	697	–	10,030
Disposals	–	( 4,051)	–	–	( 4,051)
	----------	----------	-------	----------	-------------
At 31 July 2025	626,623	216,842	4,880	157,019	1,005,364
	----------	----------	-------	----------	-------------
Depreciation
At 1 August 2024	–	110,286	3,761	57,791	171,838
Charge for the year	700	16,592	390	24,809	42,491
Disposals	–	( 3,354)	–	–	( 3,354)
	----------	----------	-------	----------	-------------
At 31 July 2025	700	123,524	4,151	82,600	210,975
	----------	----------	-------	----------	-------------
Carrying amount
At 31 July 2025	625,923	93,318	729	74,419	794,389
	----------	----------	-------	----------	-------------
At 31 July 2024	623,123	104,774	422	99,228	827,547
	----------	----------	-------	----------	-------------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	7,538	51,563
Other debtors	25,316	14,607
	--------	--------
	32,854	66,170
	--------	--------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	24,169	25,000
Trade creditors	44,762	53,177
Corporation tax	28,768	26,171
Social security and other taxes	40,600	57,778
Directors loan account	1,798	20,307
Company credit card	16,301	13,624
Other creditors	106,774	95,460
	----------	----------
	263,172	291,517
	----------	----------

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	378,502	402,317
Other creditors	62,101	100,468
	----------	----------
	440,603	502,785
	----------	----------

Included within creditors: amounts falling due after more than one year is an amount of £314,401 (2024: £329,310) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

These liabilities are secured against the freehold property owned by the company.

9. RELATED PARTY TRANSACTIONS

During the year the directors made available loans to the company. The loans are interest free and repayable on demand. At the year end date the balance due to the directors totalled £ 1,798 (2024:£ 20,307 ).