MOODIE MARINE LIMITED


Directors	MOODIE, Donald Peter
	MOODIE, Peter Harkess


Registered Address	Bath House
	7 Bath Street
	Peterhead
	AB42 1DX


Registered Number	SC091507 (Scotland)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		1,274,431		1,267,046
Investments	4		5,160		5,160
			1,279,591		1,272,206
Current assets
Debtors	5,6	1,376,021		1,439,019
Cash at bank and on hand		133,328		78,116
		1,509,349		1,517,135
Creditors amounts falling due within one year	7	(9,652)		(5,126)
Net current assets (liabilities)			1,499,697		1,512,009
Total assets less current liabilities			2,779,288		2,784,215
Creditors amounts falling due after one year	8		(242)		-
Provisions for liabilities	10		(312,119)		(306,244)
Net assets			2,466,927		2,477,971
Capital and reserves
Called up share capital			721,885		721,885
Profit and loss account			1,745,042		1,756,086
Shareholders' funds			2,466,927		2,477,971

The company was entitled to exemption from audit for this reporting period 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 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 and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 2 October 2026, and are signed on its behalf by:

MOODIE, Donald Peter
Director
Registered Company No. SC091507

MOODIE MARINE LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from rendering of services
	Revenue 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.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Total
	£	£	£
Cost or valuation
At 01 April 25	1,250,441	68,506	1,318,947
Additions	-	39,406	39,406
Disposals	-	(68,506)	(68,506)
At 31 March 26	1,250,441	39,406	1,289,847
Depreciation and impairment
At 01 April 25	5,385	46,516	51,901
Charge for year	180	9,851	10,031
On disposals	-	(46,516)	(46,516)
At 31 March 26	5,565	9,851	15,416
Net book value
At 31 March 26	1,244,876	29,555	1,274,431
At 31 March 25	1,245,056	21,990	1,267,046

4.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 25	5,160	5,160
At 31 March 26	5,160	5,160
Net book value
At 31 March 26	5,160	5,160
At 31 March 25	5,160	5,160

	Notes
	¹Investments in group undertakings and participating interests

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	16,580	85,848
Other debtors	698	6,962
Prepayments and accrued income	20,796	24,514
Total	38,074	117,324

6.	Debtors: amounts due after one year

	2026	2025
	£	£
Amounts owed by group undertakings	1,330,947	1,314,695
Other debtors	7,000	7,000
Total	1,337,947	1,321,695

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	3,990	2,179
Bank borrowings and overdrafts	1,302	1,302
Finance lease and HP contracts	2,715	-
Accrued liabilities and deferred income	1,645	1,645
Total	9,652	5,126

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Other creditors	242	-
Total	242	-

9.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	2,958		-

10.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	312,119	306,244
Total	312,119	306,244