B Marshall Marine Limited Company accounts

COMPANY REGISTRATION NUMBER: 07489682

B Marshall Marine Limited

Unaudited Financial Statements

31 January 2026

B Marshall Marine Limited

Financial Statements

Year ended 31 January 2026

Contents	Page

Officers and professional advisers	1

Directors' report	2

Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements	3

Statement of income and retained earnings	4

Statement of financial position	5

Notes to the financial statements	7

B Marshall Marine Limited

Officers and Professional Advisers

The board of directors	Mr B Marshall
	Mr B Marshall
	Mr A Curtis
	Mr C Jakeman

Registered office	Graving Dock
	Dockside Road
	Middlesbrough
	Cleveland
	TS3 8AT

Accountants	Aspire Accounting and Tax
	Chartered Certified Accountants
	27B Harmire Enterprise Park
	Barnard Castle
	County Durham
	DL12 8BN

Bankers	National Westminster
	106 Linthorpe Road
	Middlesbrough
	Cleveland
	TS1 2JX

B Marshall Marine Limited

Directors' Report

Year ended 31 January 2026

The directors present their report and the unaudited financial statements of the company for the year ended 31 January 2026 .

Principal activities

The principal activity of the company during the year was the supply of a dive support support vessel for offshore surveys.

Directors

The directors who served the company during the year were as follows:

Mr B Marshall
Mr B Marshall
Mr A Curtis
Mr C Jakeman

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 2 June 2026 and signed on behalf of the board by:

Mr C Jakeman

Director

Registered office:

Graving Dock

Dockside Road

Middlesbrough

Cleveland

TS3 8AT

B Marshall Marine Limited

Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of B Marshall Marine Limited

Year ended 31 January 2026

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 January 2026, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Aspire Accounting and Tax Chartered Certified Accountants

27B Harmire Enterprise Park Barnard Castle County Durham DL12 8BN

2 June 2026

B Marshall Marine Limited

Statement of Income and Retained Earnings

Year ended 31 January 2026

	2026	2025
Note	£	£
Turnover	804,878	1,446,506

Cost of sales	214,611	444,014
	---------	------------
Gross profit	590,267	1,002,492

Administrative expenses	745,839	774,488
	---------	------------
Operating (loss)/profit	( 155,572)	228,004

Other interest receivable and similar income		331	299
		---------	------------
(Loss)/profit before taxation	5	( 155,241)	228,303

Tax on (loss)/profit	( 26,985)	42,734
	---------	---------
(Loss)/profit for the financial year and total comprehensive income	( 128,256)	185,569
	---------	---------

Dividends paid and payable	–	( 100,000)

Retained earnings at the start of the year	378,983	293,414
	---------	---------
Retained earnings at the end of the year	250,727	378,983
	---------	---------

All the activities of the company are from continuing operations.

B Marshall Marine Limited

Statement of Financial Position

31 January 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	6	174,139	215,628

Current assets

Debtors	7	16,054	39,231
Cash at bank and in hand		93,286	259,299
		---------	---------
		109,340	298,530

Creditors: amounts falling due within one year	8	22,398	97,836
		---------	---------
Net current assets		86,942	200,694
		---------	---------
Total assets less current liabilities		261,081	416,322

Provisions	10,254	37,239
	---------	---------
Net assets	250,827	379,083
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	250,727	378,983
	---------	---------
Shareholders funds	250,827	379,083
	---------	---------

These financial statements have been prepared 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'.

For the year ending 31 January 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 .

B Marshall Marine Limited

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 2 June 2026 , and are signed on behalf of the board by:

Mr C Jakeman

Director

Company registration number: 07489682

B Marshall Marine Limited

Notes to the Financial Statements

Year ended 31 January 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 Graving Dock, Dockside Road, Middlesbrough, Cleveland, TS3 8AT.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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.

Corporation 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.

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	-	25% reducing balance

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 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 persons employed by the company during the year amounted to 11 (2025: 12 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2026	2025
	£	£
Depreciation of tangible assets	41,489	99,187
	--------	--------

6. Tangible assets

	Plant and machinery
	£
Cost
At 1 February 2025 and 31 January 2026	969,312
	---------
Depreciation
At 1 February 2025	753,684
Charge for the year	41,489
	---------
At 31 January 2026	795,173
	---------
Carrying amount
At 31 January 2026	174,139
	---------
At 31 January 2025	215,628
	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	5,697	–
Other debtors	10,357	39,231
	--------	--------
	16,054	39,231
	--------	--------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	3,715	49,665
Corporation tax	–	35,148
Social security and other taxes	14,351	9,963
Other creditors	4,332	3,060
	--------	--------
	22,398	97,836
	--------	--------