REGISTERED NUMBER: 02920502 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Gemmell & Prout Marine Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I G Prout

J Prout

A M Prout

N J Prout

S A Prout

S L Prout

SECRETARY:

I G Prout

REGISTERED OFFICE:

Swann Street

Hull

East Yorkshire

HU2 0PH

REGISTERED NUMBER:

02920502 (England and Wales)

ACCOUNTANTS:

Wrights

Chartered Certified Accountants

129 Beverley Road

Hessle

East Yorkshire

HU13 9AN

FIXED ASSETS

Tangible assets

4

33

38

CURRENT ASSETS

Stocks

36,220

16,581

Debtors

5

86,949

176,514

Cash at bank

9,838

-

133,007

193,095

CREDITORS

Amounts falling due within one year

6

34,803

100,980

NET CURRENT ASSETS

98,204

92,115

TOTAL ASSETS LESS CURRENT LIABILITIES

98,237

92,153

CREDITORS

Amounts falling due after more than one year

7

1,776

12,237

NET ASSETS

96,461

79,916

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

96,361

79,816

SHAREHOLDERS' FUNDS

96,461

79,916

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2026 and were signed on its behalf by:

N J Prout - Director

A M Prout - Director

1.	STATUTORY INFORMATION

Gemmell & Prout Marine 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.

Tangible fixed assets

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

Plant and machinery 15% pa on written down value

Computer equipment 15% pa on written down value

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

1,760

DEPRECIATION

At 1 April 2025

1,722

Charge for year

5

At 31 March 2026

1,727

NET BOOK VALUE

At 31 March 2026

33

At 31 March 2025

38

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

13,379

176,514

Amounts owed by associates

70,000

-

Other debtors

3,570

-

86,949

176,514

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

-

11,434

Trade creditors

27,769

53,943

Taxation and social security

3,889

32,523

Other creditors

3,145

3,080

34,803

100,980

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

1,776

12,237

8.	CONTINGENT LIABILITIES

The company has the following contingent liabilities.

An unlimited guarantee dated 7 June 1994 re the parent undertaking and a fixed and floating charge over all of the assets of the company dated 7 June 1994.

9.	RELATED PARTY DISCLOSURES

Management charges totalling £ 58,000 ( 2025 £ 44,030 ) charged from L G Prout & Sons Limited parent company.

10.	ULTIMATE CONTROLLING PARTY

No one member has a controlling interest.