Acorah Software Products - Accounts Production 19.4.300 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 01419444 Mr J T Liney Miss J L Liney Mr M J Liney Mr M J Liney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01419444 2024-12-31 01419444 2025-12-31 01419444 2025-01-01 2025-12-31 01419444 frs-core:CurrentFinancialInstruments 2025-12-31 01419444 frs-core:Non-currentFinancialInstruments 2025-12-31 01419444 frs-core:BetweenOneFiveYears 2025-12-31 01419444 frs-core:MotorVehicles 2025-01-01 2025-12-31 01419444 frs-core:PlantMachinery 2025-12-31 01419444 frs-core:PlantMachinery 2025-01-01 2025-12-31 01419444 frs-core:PlantMachinery 2024-12-31 01419444 frs-core:WithinOneYear 2025-12-31 01419444 frs-core:CapitalRedemptionReserve 2025-12-31 01419444 frs-core:ShareCapital 2025-12-31 01419444 frs-core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 01419444 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 01419444 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01419444 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 01419444 frs-bus:SmallEntities 2025-01-01 2025-12-31 01419444 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 01419444 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 01419444 frs-bus:OrdinaryShareClass1 2025-01-01 2025-12-31 01419444 frs-bus:OrdinaryShareClass1 2025-12-31 01419444 frs-bus:OrdinaryShareClass2 2025-01-01 2025-12-31 01419444 frs-bus:OrdinaryShareClass2 2025-12-31 01419444 frs-bus:OrdinaryShareClass3 2025-01-01 2025-12-31 01419444 frs-bus:OrdinaryShareClass3 2025-12-31 01419444 frs-bus:OrdinaryShareClass4 2025-01-01 2025-12-31 01419444 frs-bus:OrdinaryShareClass4 2025-12-31 01419444 frs-bus:OrdinaryShareClass5 2025-01-01 2025-12-31 01419444 frs-bus:OrdinaryShareClass5 2025-12-31 01419444 frs-bus:Director1 2025-01-01 2025-12-31 01419444 frs-bus:Director2 2025-01-01 2025-12-31 01419444 frs-bus:Director3 2025-01-01 2025-12-31 01419444 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 01419444 frs-core:CurrentFinancialInstruments 1 2025-12-31 01419444 frs-countries:EnglandWales 2025-01-01 2025-12-31 01419444 2023-12-31 01419444 2024-12-31 01419444 2024-01-01 2024-12-31 01419444 frs-core:CurrentFinancialInstruments 2024-12-31 01419444 frs-core:Non-currentFinancialInstruments 2024-12-31 01419444 frs-core:BetweenOneFiveYears 2024-12-31 01419444 frs-core:WithinOneYear 2024-12-31 01419444 frs-core:CapitalRedemptionReserve 2023-12-31 01419444 frs-core:CapitalRedemptionReserve 2024-12-31 01419444 frs-core:ShareCapital 2023-12-31 01419444 frs-core:ShareCapital 2024-12-31 01419444 frs-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 01419444 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-12-31 01419444 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 01419444 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 01419444 frs-bus:OrdinaryShareClass2 2024-01-01 2024-12-31 01419444 frs-bus:OrdinaryShareClass3 2024-01-01 2024-12-31 01419444 frs-bus:OrdinaryShareClass4 2024-01-01 2024-12-31 01419444 frs-bus:OrdinaryShareClass5 2024-01-01 2024-12-31 01419444 frs-core:CurrentFinancialInstruments 1 2024-12-31
Registered number: 01419444
M L (UK) Dredging Limited
Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—8
Page 1
Balance Sheet
Registered number: 01419444
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 787,261 248,525
Right-of-use Assets 5 31,149 -
818,410 248,525
CURRENT ASSETS
Debtors 6 135,123 102,615
Cash at bank and in hand 35,051 269,440
170,174 372,055
Creditors: Amounts Falling Due Within One Year 7 (731,704 ) (343,794 )
NET CURRENT ASSETS (LIABILITIES) (561,530 ) 28,261
TOTAL ASSETS LESS CURRENT LIABILITIES 256,880 276,786
Creditors: Amounts Falling Due After More Than One Year 8 (276,312 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (90,335 ) (62,131 )
NET (LIABILITIES)/ASSETS (109,767 ) 214,655
CAPITAL AND RESERVES
Called up share capital 11 1,032 1,032
Capital redemption reserve 20 20
Profit and Loss Account (110,819 ) 213,603
SHAREHOLDERS' FUNDS (109,767) 214,655
Page 1
Page 2
For the year ending 31 December 2025 the company was entitled to exemption from audit 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.
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 J T Liney
Director
Miss J L Liney
Director
Mr M J Liney
Director
05/08/2026
The notes on pages 4 to 8 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Capital Redemption Profit and Loss Account Total
£ £ £ £
As at 1 January 2024 1,032 20 231,196 232,248
Profit for the year and total comprehensive income - - 230,009 230,009
Dividends paid - - (247,602) (247,602)
As at 31 December 2024 and 1 January 2025 1,032 20 213,603 214,655
Loss for the year and total comprehensive income - - (197,638 ) (197,638)
Dividends paid - - (126,784) (126,784)
As at 31 December 2025 1,032 20 (110,819 ) (109,767)
Page 3
Page 4
Notes to the Financial Statements
1. General Information
M L (UK) Dredging Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01419444 . The registered office is 7 Kettering Terrace, Mile End, Portsmouth, Hampshire, PO2 7QH.
2. Accounting Policies
2.1. Early Adoption of Amendments to FRS 102 (Periodic Review 2024)
The company has early adopted the amendments to FRS 102, arising from the Financial Reporting Council's Periodic Review 2024, issued in March 2024. These amendments are effective for accounting periods beginning on or after 1 January 2026, but the company has elected to apply them in these financial statements for the year ended 31 December 2025.
The amendments primarily affect the company's accounting for lease accounting.
The impact of early adoption has resulted in the recognition of right-of-use assets and corresponding lease liabilities in respect of qualifying leases. Lease expenses previously recognised within operating expenses are now recognised as depreciation of the right-of-use assets and finance costs on the lease liabilities. 
Further details of the transition and the effect on the financial statements are provided in the notes.
2.2. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Section 1A (Small Entities) of FRS 102. The company has elected to early adopt the amendments arising from the FRC Periodic Review 2024 (issued March 2024). Consequently, all relevant amendments, including the revised requirements of Section 20 (Leases), have been applied consistently throughout these financial statements.
2.3. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
In assessing whether the going concern assumption is appropriate, the directors have considered all available information about the future, which is at least, but is not limited to, 12 months from the date when the financial statements are authorised for issue.
2.4. 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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.5. 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:
Plant & Machinery Reducing 20%
Motor Vehicles Reducing 25%
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Within plant & machinery is a subcategory for Ships which uses a straight line depreciation method at 5%, and Commercial Vehicles which uses a reducing balance depreciation method at 25%.
Page 4
Page 5
2.6. Leases
The company recognises a right-of-use asset and a corresponding lease liability at the lease commencement date for all leases within the scope of Section 20, except for leases qualifying for the recognition exemptions described below.
Right-of-use assets
  • Right-of-use assets are initially measured at cost, comprising:
  • the initial measurement of the lease liability
  • lease payments made before commencement
  • initial direct costs; and 
  • any estimated dismantling or restoration costs.
The assets are subsequently depreciated on a straight-line basis over the shorter of:
  • the lease term; or
  • the useful economic life of the underlying asset.
Lease liabilities
Lease liabilities are initially measured at the present value of future lease payments, discounted using:
  • the interest rate implicit in the lease; or
  • where this cannot readily be determined, the company's incremental borrowing rate.
  • Interest is recognised using the effective interest method.
Recognition exemptions
Lease payments relating to:
  • short-term leases (12 months or less); and
  • leases of low-value assets
are recognised as an expense on a straight-line basis over the lease term.
2.7. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 5
Page 6
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2025 1,430,456
Additions 607,197
Disposals (22,488 )
As at 31 December 2025 2,015,165
Depreciation
As at 1 January 2025 1,181,931
Provided during the period 61,996
Disposals (16,023 )
As at 31 December 2025 1,227,904
Net Book Value
As at 31 December 2025 787,261
As at 1 January 2025 248,525
5. Right-of-use Assets
Plant and Equipment
£
Cost
As at 1 January 2025 -
Additions 38,337
As at 31 December 2025 38,337
Depreciation
As at 1 January 2025 -
Provided during the period 7,188
As at 31 December 2025 7,188
Net Book Value
As at 31 December 2025 31,149
As at 1 January 2025 -
Page 6
Page 7
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 82,282 74,852
Prepayments and accrued income 13,215 27,763
Rent deposit 100 -
Corporation tax recoverable assets 39,526 -
135,123 102,615
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 6,949 -
Trade creditors 176,328 41,212
Bank loans and overdrafts 76,200 -
Corporation tax - 84,899
Other taxes and social security 17,435 15,491
VAT 33,045 94,757
Credit card 2,909 4,149
Amounts due to associated companies 415,954 101,476
Accruals and deferred income 2,884 1,810
731,704 343,794
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 16,962 -
Bank loans 259,350 -
276,312 -
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,949 -
Later than one year and not later than five years 16,962 -
23,911 -
23,911 -
Page 7
Page 8
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 90,335 62,131
11. Share Capital
2025 2024
Allotted, called up but not fully paid £ £
1,000 Ordinary Shares of £ 1.00 each 1,000 1,000
10 Ordinary A shares of £ 1.00 each 10 10
2 Ordinary B shares of £ 10.00 each 20 20
1 Ordinary C shares of £ 1.00 each 1 1
1 Ordinary D shares of £ 1.00 each 1 1
1,032 1,032
12. Dividends
2025 2024
£ £
On equity shares:
Interim dividend paid 126,784 247,602
13. Related Party Transactions
At the Balance Sheet date the company owed associated companies £415,954  (2024 £101,476). The loans were made interest free and are repayable upon demand. The companies are associated by common directorship. 
Page 8