Marine 13 Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09448101

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,386		1,815

			1,386		1,815
CURRENT ASSETS
Stocks		25,101		40,548
Debtors	5	1,446		1,100

		26,547		41,648
Creditors: Amounts Falling Due Within One Year	6	(33,568 )		(40,481 )

NET CURRENT ASSETS (LIABILITIES)			(7,021 )		1,167

TOTAL ASSETS LESS CURRENT LIABILITIES			(5,635 )		2,982

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(345 )

NET (LIABILITIES)/ASSETS			(5,635 )		2,637

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			(5,636 )		2,636

SHAREHOLDERS' FUNDS			(5,635)		2,637

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Marine 13 Ltd.

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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 D G Harvey

Director

20 July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Marine 13 Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 09448101 . The registered office is 107 Princess Street, Burntwood, WS7 1JN.

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.

At the year end teh company has net liabilities of £5,635 (net assest £2,637), the director continues to support the company by way of a directors loan and therefore the company remains a going concern.

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.

2.3. 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:

Motor Vehicles	25% - Reducing balance method
Fixtures & Fittings	15% - Reducing balance method

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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.

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Marine 13 Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 1 (2025: 1)

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 February 2025	8,333

As at 31 January 2026	8,333

Depreciation
As at 1 February 2025	6,518
Provided during the period	429

As at 31 January 2026	6,947

Net Book Value
As at 31 January 2026	1,386

As at 1 February 2025	1,815

5. Debtors

	2026	2025
	£	£
Due within one year
Other debtors	1,446	1,100

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Marine 13 Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	1,206
Trade creditors	561	2,023
Bank loans and overdrafts	2,439	2,410
Other creditors	30,504	34,215
Taxation and social security	64	627

	33,568	40,481

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

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