REGISTERED NUMBER: 03947682 (England and Wales)

Suffolk Marine Safety Limited

Unaudited Financial Statements

For The Year Ended 30th September 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTOR:

R G H Mann

SECRETARY:

REGISTERED OFFICE:

Unit 108 Claydon Business Park

Gt Blakenham

Ipswich

Suffolk

IP6 0NL

REGISTERED NUMBER:

03947682 (England and Wales)

ACCOUNTANTS:

John Phillips & Co Limited

Accountants

Unit 81 Centaur Court

Claydon Business Park

Gt. Blakenham

Ipswich

Suffolk

IP6 0NL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

396,321

421,536

396,321

421,536

CURRENT ASSETS

Stocks

6

222,209

209,385

Debtors

7

119,150

107,316

Cash at bank and in hand

20,427

15,549

361,786

332,250

CREDITORS

Amounts falling due within one year

8

426,514

441,171

NET CURRENT LIABILITIES

(64,728

)

(108,921

)

TOTAL ASSETS LESS CURRENT LIABILITIES

331,593

312,615

CREDITORS

Amounts falling due after more than one year

9

2,709

(9,054

)

PROVISIONS FOR LIABILITIES

-

(77,681

)

NET ASSETS

334,302

225,880

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

11

333,302

224,880

SHAREHOLDERS' FUNDS

334,302

225,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1st June 2026 and were signed by:

R G H Mann - Director

1.	STATUTORY INFORMATION

Suffolk Marine Safety Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st October 2024

and 30th September 2025

93,807

AMORTISATION

At 1st October 2024

and 30th September 2025

93,807

NET BOOK VALUE

At 30th September 2025

-

At 30th September 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st October 2024

789,408

55,744

98,615

943,767

Additions

78,334

1,138

557

80,029

Disposals

-

-

(5,000

)

(5,000

)

At 30th September 2025

867,742

56,882

94,172

1,018,796

DEPRECIATION

At 1st October 2024

416,947

33,908

71,376

522,231

Charge for year

90,159

4,594

5,491

100,244

At 30th September 2025

507,106

38,502

76,867

622,475

NET BOOK VALUE

At 30th September 2025

360,636

18,380

17,305

396,321

At 30th September 2024

372,461

21,836

27,239

421,536

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1st October 2024

20,270

Disposals

(5,000

)

At 30th September 2025

15,270

DEPRECIATION

At 1st October 2024

and 30th September 2025

10,461

NET BOOK VALUE

At 30th September 2025

4,809

At 30th September 2024

9,809

6.

STOCKS

2025

2024

£

£

Stocks

222,209

209,385

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

113,405

93,027

Other debtors

5,745

5,684

Prepayments

-

8,605

119,150

107,316

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,633

10,000

Trade creditors

86,904

80,883

Tax

25,536

8,349

Social security and other taxes

16,263

3,957

VAT

18,773

16,919

Other creditors

8,884

650

Directors' loan accounts

240,910

296,575

Accrued expenses

27,611

23,838

426,514

441,171

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

(2,709

)

9,054

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.

RESERVES

Retained

earnings

£

At 1st October 2024

224,880

Profit for the year

138,422

Dividends

(30,000

)

At 30th September 2025

333,302