FRS102 1A Filleted


Company registration number:						10299638
Fifty Degrees North Marine Ltd

Balance sheet
as at 31 July 2025

		2025		2024
	Note	£	£	£	£
Fixed assets
Tangible assets	4	12,009		19,663
			12,009		19,663
Current assets
Stocks		5,574		5,574
Debtors	5	3,600		674
Cash at bank and in hand		78,608		98,788
			87,782		105,036
Creditors: amounts falling due within one year	6		(45,675)		(12,900)
Net current assets			42,107		92,136
Total assets less current liabilities			54,116		111,799
NET ASSETS			54,116		111,799

Capital and reserves
Called up share capital			100		100
Profit and loss account			54,016		111,699
TOTAL EQUITY			54,116		111,799


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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.

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	Company registration number:		10299638
	Fifty Degrees North Marine Ltd

	Balance sheet - continued
	as at 31 July 2025

	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 Profit and loss account has not been delivered to the Registrar.

	Signed by:

	Mr P McQueen, Director
	20 April 2026

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Fifty Degrees North Marine Ltd

Notes to the financial statements
for the year ended 31 July 2025


1	Company information

	Fifty Degrees North Marine Ltd is a private company registered in England and Wales. Its registered number is 10299638. The company is limited by shares. Its registered office is Tenby Place, 102 Selby Road, West Bridgford, Nottingham, NG2 7BA.

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 historic cost convention.

	Going concern
	In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.

	The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the 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.:
	Plant and machinery	-	33% straight line
	Motor vehicles	-	33% straight line
	Computer equipment	-	33% straight line

	Stocks
	Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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Fifty Degrees North Marine Ltd

Notes to the financial statements - continued
for the year ended 31 July 2025

2	Accounting policies - continued

	Taxation
	Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

	Current 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.

	Retirement benefits
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.

3	Average number of employees

	During the year the average number of employees was 1 (2024 - 1).

4	Tangible fixed assets

		Plant and machinery etc.
		£
	Cost
	At 1 August 2024	52,802
	Additions	9,165
	At 31 July 2025	61,967

	Depreciation
	At 1 August 2024	33,139
	Charge for year	16,819
	At 31 July 2025	49,958

	Net book value
	At 31 July 2025	12,009

	At 31 July 2024	19,663


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	Company registration number:	10299638

	Annual report and unaudited financial statements
	for the year ended 31 July 2025
	for
	Fifty Degrees North Marine Ltd


	Pages for filing with the Registrar