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Registered number: 03938093
Victory Marine Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Naylor Accountancy Services Limited
Suite 7, 2 Park Court
Premier Way
Romsey
Hampshire
SO51 9DH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03938093
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,500 30,000
25,500 30,000
CURRENT ASSETS
Debtors 5 32,182 130,718
Cash at bank and in hand 1,917 986
34,099 131,704
Creditors: Amounts Falling Due Within One Year 6 (16,763 ) (11,747 )
NET CURRENT ASSETS (LIABILITIES) 17,336 119,957
TOTAL ASSETS LESS CURRENT LIABILITIES 42,836 149,957
NET ASSETS 42,836 149,957
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 42,736 149,857
SHAREHOLDERS' FUNDS 42,836 149,957
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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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
V A Loyd
Director
16th October 2026
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Victory Marine Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03938093 . The registered office is Suite 7, 2 Park Court, Premier Way, Romsey, Hampshire, SO51 9DH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102  "The Financial Reporting Standard applicable in the UK and Republic of Ireland"'("FRS 102")  and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies are set out below.
2.2. Turnover
Turnover is recognised  at the fair value of the consideration received or receivable for goods or services porvided in the normal course of business, and is shown  net  VAT and other  sales related taxes.The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
2.3. 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 15% Reducing Balance
2.4. 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.
2.5. Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposit held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
1 1
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2025 30,000
As at 31 March 2026 30,000
Depreciation
As at 1 April 2025 -
Provided during the period 4,500
As at 31 March 2026 4,500
Net Book Value
As at 31 March 2026 25,500
As at 1 April 2025 30,000
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 3,351 16,987
Amounts owed by group undertakings 28,831 113,731
32,182 130,718
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 368 -
Other creditors 1,274 1,100
Taxation and social security 15,121 10,647
16,763 11,747
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
8. Ultimate Controlling Party
The  ultimate parent and ultimate controlling party is Victory Holdings Limited, by virtue of It's shareholdings.
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