Southside Marine Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC659093 (Scotland)

SOUTHSIDE MARINE LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G Mathias

REGISTERED OFFICE:

4 Broom Road East

Newton Mearns

Glasgow

G77 5SD

REGISTERED NUMBER:

SC659093 (Scotland)

ACCOUNTANTS:

Benham Conway & Co

16 Royal Crescent

Glasgow

G3 7SL

CURRENT ASSETS

Debtors

5

2,441

3,029

Cash at bank

2,740

2,241

5,181

5,270

CREDITORS

Amounts falling due within one year

6

5,405

4,182

NET CURRENT (LIABILITIES)/ASSETS

(224

)

1,088

TOTAL ASSETS LESS CURRENT
LIABILITIES

(224

)

1,088

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(225

)

1,087

SHAREHOLDERS' FUNDS

(224

)

1,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 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 director and authorised for issue on 21 September 2026 and were signed by:

G Mathias - Director

1.	STATUTORY INFORMATION

Southside Marine 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 services provided in the year, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Taxation

Taxation for the year comprises current 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 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.

Pension costs and other post-retirement benefits

The company makes contributions to the director's personal pension scheme. Contributions payable to the director's pension scheme are charged to the profit and loss account in the period to which they relate.

Going concern

The director has prepared the accounts on a going concern basis despite there being net liabilities at the balance sheet date as the director is the company's main creditor and he will not seek repayment of his loan until the company has sufficient funds.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2025

and 30 April 2026

353

DEPRECIATION

At 1 May 2025

and 30 April 2026

353

NET BOOK VALUE

At 30 April 2026

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Trade debtors

1,696

2,457

Other debtors

745

572

2,441

3,029

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Taxation and social security

188

1,853

Other creditors

5,217

2,329

5,405

4,182