REGISTERED NUMBER: SC482947 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

SAS Marine Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S A Stephen

Mrs M C Stephen

REGISTERED OFFICE:

27 Finlayson street

Fraserburgh

Aberdeenshire

AB43 9JQ

REGISTERED NUMBER:

SC482947 (Scotland)

ACCOUNTANTS:

SBP

Accountants

27 Finlayson Street

Fraserburgh

Aberdeenshire

AB43 9JQ

FIXED ASSETS

Intangible assets

4

4,250

-

Tangible assets

5

5,557

957

9,807

957

CURRENT ASSETS

Debtors

6

14,814

44

Cash at bank

81,702

89,325

96,516

89,369

CREDITORS

Amounts falling due within one year

7

36,063

29,721

NET CURRENT ASSETS

60,453

59,648

TOTAL ASSETS LESS CURRENT LIABILITIES

70,260

60,605

PROVISIONS FOR LIABILITIES

2,554

223

NET ASSETS

67,706

60,382

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

67,696

60,372

SHAREHOLDERS' FUNDS

67,706

60,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 May 2026 and were signed on its behalf by:

Mr S A Stephen - Director

1.	STATUTORY INFORMATION

SAS Marine Services Ltd is a private company, limited by shares , registered in Scotland. 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 represents the amounts (excluding value added tax) derived from the provision of services to customers. Revenue is recognised at the point services are provided.

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.

Fishing licence are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fishing vessel

-

10% on reducing balance

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

4,250

At 31 March 2026

4,250

NET BOOK VALUE

At 31 March 2026

4,250

Intangible assets comprise of a fishing licence.

5.	TANGIBLE FIXED ASSETS

Fishing

Plant and

Computer

vessel

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2025

-

1,950

2,299

4,249

Additions

5,000

-

246

5,246

Disposals

-

(1,950

)

-

(1,950

)

At 31 March 2026

5,000

-

2,545

7,545

DEPRECIATION

At 1 April 2025

-

1,715

1,577

3,292

Charge for year

-

-

411

411

Eliminated on disposal

-

(1,715

)

-

(1,715

)

At 31 March 2026

-

-

1,988

1,988

NET BOOK VALUE

At 31 March 2026

5,000

-

557

5,557

At 31 March 2025

-

235

722

957

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

14,814

-

Other debtors

-

44

14,814

44

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

9,250

-

Tax

24,432

27,223

Social security and other taxes

340

-

Directors' current accounts

228

744

Accrued expenses

1,813

1,754

36,063

29,721

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.