REGISTERED NUMBER: 10500220 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

SDS MARINE ENGINEERING SERVICES LTD

Page

Balance Sheet

1

FIXED ASSETS

7,948

9,673

CURRENT ASSETS

100,778

75,961

CREDITORS

Amounts falling due within one year

(71,251

)

(49,538

)

NET CURRENT ASSETS

29,527

26,423

TOTAL ASSETS LESS CURRENT LIABILITIES

37,475

36,096

CREDITORS

Amounts falling due after more than one year

(13,286

)

(21,662

)

NET ASSETS

24,189

14,434

CAPITAL AND RESERVES

24,189

14,434

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

SDS Marine Engineering Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10500220

Registered office:

Unit 6C

Hadston Industrial Estate

Hadston

Morpeth

Northumberland

NE65 9YG

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 4 (2024 - 5 ) .

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

S D Stewart

Balance outstanding at start of year

28,993

23,561

Amounts advanced

51,376

42,232

Amounts repaid

(30,843

)

(36,800

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

49,526

28,993

Interest on loans to the director was charged at 2.25% per annum from 1 November 2024 to 5 April 2025 and at 3.75% per annum from 6 April 2025 to 31 October 2025.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 23 July 2026 and were signed by:

S D Stewart - Director