B.J. MARINE LIMITED

Company Registration Number:
NI021377 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2025

Period of accounts

Start date: 01 September 2024

End date: 31 December 2025

B.J. MARINE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2025

Balance sheet
Notes

B.J. MARINE LIMITED

Balance sheet

As at 31 December 2025


Notes
16 months to 31 December 2025
2024


£
£
Fixed assets
Tangible assets: 3 4,948 8,115
Total fixed assets: 4,948 8,115
Current assets
Debtors:   189,013 27,692
Cash at bank and in hand: 542,684 745,496
Total current assets: 731,697 773,188
Creditors: amounts falling due within one year:   (281,182) (357,008)
Net current assets (liabilities): 450,515 416,180
Total assets less current liabilities: 455,463 424,295
Creditors: amounts falling due after more than one year:   (132,800) (132,800)
Total net assets (liabilities): 322,663 291,495
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 312,663 281,495
Shareholders funds: 322,663 291,495

The notes form part of these financial statements

B.J. MARINE LIMITED

Balance sheet statements

For the year ending 31 December 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 July 2026
and signed on behalf of the board by:

Name: Bernard Gallagher
Status: Director

The notes form part of these financial statements

B.J. MARINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 4 years Fixtures, fittings, tools and equipment over 4 years

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Other accounting policies

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. Contributions to defined contribution plans are expensed in the period to which they relate.

B.J. MARINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

2. Employees

16 months to 31 December 2025 2024
Average number of employees during the period 3 3

B.J. MARINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

3. Tangible Assets

Total
Cost £
At 01 September 2024 88,618
At 31 December 2025 88,618
Depreciation
At 01 September 2024 80,503
Charge for year 3,167
At 31 December 2025 83,670
Net book value
At 31 December 2025 4,948
At 31 August 2024 8,115

B.J. MARINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2025

4. Related party transactions

Name of the related party: BJ Marine Ltd Ireland
Relationship:
BJ Marine, BJ Marine UK, BJ Marine Malta Ltd and BJ Marine Ltd (Ireland) are related companies with common ownership and directors.
Description of the Transaction: Sales to BJ Marine Ireland
£
Balance at 01 September 2024 0
Balance at 31 December 2025 50,000
Name of the related party: BJ Marine Ltd Ireland
Relationship:
BJ Marine, BJ Marine UK, BJ Marine Malta Ltd and BJ Marine Ltd (Ireland) are related companies with common ownership and directors.
Description of the Transaction: Management Fees - 0 Insurance recharge - 15,172 Marketing - 24,828 Boat shows - 13,309 Parts - 128
£
Balance at 01 September 2024 32,472
Balance at 31 December 2025 53,437
Name of the related party: BJ Marine Ltd Malta
Relationship:
BJ Marine, BJ Marine UK, BJ Marine Malta Ltd and BJ Marine Ltd (Ireland) are related companies with common ownership and directors.
Description of the Transaction: Management Fees
£
Balance at 01 September 2024 19,130
Balance at 31 December 2025 0
Name of the related party: BJ Marine Ltd Ireland
Relationship:
BJ Marine, BJ Marine UK, BJ Marine Malta Ltd and BJ Marine Ltd (Ireland) are related companies with common ownership and directors.
Description of the Transaction: Amounts due to BJ Marine Ltd (Ireland)
£
Balance at 01 September 2024 228,673
Balance at 31 December 2025 207,152
Name of the related party: BJ Marine Ltd Ireland
Relationship:
BJ Marine, BJ Marine UK, BJ Marine Malta Ltd and BJ Marine Ltd (Ireland) are related companies with common ownership and directors.
Description of the Transaction: Management Fees - 0 Insurance recharge - 15,172 Marketing - 24,828 Boat shows - 13,309 Parts - 128
£
Balance at 01 September 2024 32,472
Balance at 31 December 2025 53,437
Name of the related party: BJ Marine Ltd Ireland
Relationship:
BJ Marine, BJ Marine UK, BJ Marine Malta Ltd and BJ Marine Ltd (Ireland) are related companies with common ownership and directors.
Description of the Transaction: Amounts owed to BJ Marine Ireland Ltd
£
Balance at 01 September 2024 0
Balance at 31 December 2025 168,000
Name of the related party: BJ Marine UK Ltd
Relationship:
BJ Marine, BJ Marine UK, BJ Marine Malta Ltd and BJ Marine Ltd (Ireland) are related companies with common ownership and directors.
Description of the Transaction: Amounts due from BJ Marine UK Ltd
£
Balance at 01 September 2024 2,037
Balance at 31 December 2025 2,204

BJ Marine, BJ Marine UK, BJ Marine Malta Ltd and BJ Marine Ltd (Ireland) are related companies with common ownership and directors.