Marineserv UK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10508577

Marineserv UK Limited

Unaudited financial statements

31 March 2026

Marineserv UK Limited

Statement of financial position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Intangible assets	5	23,980	–
Tangible assets	6	326,336	300,207
		---------	---------
		350,316	300,207

Current assets

Stocks		86,053	41,171
Debtors	7	534,098	665,264
Cash at bank and in hand		142,829	125,764
		---------	---------
		762,980	832,199

Creditors: Amounts falling due within one year	8	( 277,346)		( 321,602)
		---------		---------
Net current assets			485,634		510,597
			---------		---------
Total assets less current liabilities			835,950		810,804

Provisions

Taxation including deferred tax		( 76,926)		( 74,901)

Accruals and deferred income	( 19,347)	( 21,887)
	---------	---------
Net assets	739,677	714,016
	---------	---------

Capital and reserves

Called up share capital	9	20,000	20,000
Profit and loss account		719,677	694,016
		---------	---------
Shareholders funds		739,677	714,016
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Marineserv UK Limited

Statement of financial position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 29 September 2026 , and are signed on behalf of the board by:

Mr J H Mills

Director

Company registration number: 10508577

Marineserv UK Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 215 Gapton Hall Road, Great Yarmouth, Norfolk, NR31 0NL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Amortisation No amortisation has been charged during the year ended 31 March 2026 due to the intangible asset not being available for use.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% reducing balance
Office equipment	-	20% straight line
Motor vehicles	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution pension plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 9 (2025: 8 ).

5. Intangible assets

	Software
	£
Cost
Additions	23,980
	-------
At 31 March 2026	23,980
	-------
Amortisation
At 1 April 2025 and 31 March 2026	–
	-------
Carrying amount
At 31 March 2026	23,980
	-------
At 31 March 2025	–
	-------

6. Tangible assets

	Plant and machinery	Office equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2025	309,623	25,621	147,044	482,288
Additions	11,108	–	91,583	102,691
Disposals	–	–	( 22,509)	( 22,509)
	---------	-------	---------	---------
At 31 March 2026	320,731	25,621	216,118	562,470
	---------	-------	---------	---------
Depreciation
At 1 April 2025	117,463	11,747	52,871	182,081
Charge for the year	39,471	4,643	23,367	67,481
Disposals	–	–	( 13,428)	( 13,428)
	---------	-------	---------	---------
At 31 March 2026	156,934	16,390	62,810	236,134
	---------	-------	---------	---------
Carrying amount
At 31 March 2026	163,797	9,231	153,308	326,336
	---------	-------	---------	---------
At 31 March 2025	192,160	13,874	94,173	300,207
	---------	-------	---------	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	427,156	530,800
Amounts owed by customers on construction contracts	1,013	24,356
Prepayments and accrued income	38,907	37,099
Other debtors	67,022	73,009
	---------	---------
	534,098	665,264
	---------	---------

8. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Trade creditors	179,520	245,465
Social security and other taxes	54,124	48,788
Other creditors	43,702	27,349
	---------	---------
	277,346	321,602
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary Class A shares of £ 1 each	19,000	19,000	19,000	19,000
Ordinary Class B shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------
	20,000	20,000	20,000	20,000
	-------	-------	-------	-------

10. Other financial commitments

The total future minimum lease payments under non-cancellable operating leases are £ 76,000 (2025: £ 100,000 ).