Marine Electrical Consulting Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04305347 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Marine Electrical Consulting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Cairns

D E Cairns

SECRETARY:

D E Cairns

REGISTERED OFFICE:

7A Ashville Avenue

Eaglescliffe

STOCKTON ON TEES

Cleveland

TS16 9AU

REGISTERED NUMBER:

04305347 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

Great North House

20 Allington Way

DARLINGTON

Co Durham

DL1 4QB

FIXED ASSETS

Tangible assets

4

2,779

1,355

CURRENT ASSETS

Debtors

5

73,496

20,682

Cash at bank and in hand

443,602

1,811,926

517,098

1,832,608

CREDITORS

Amounts falling due within one year

6

(34,232

)

(1,408,653

)

NET CURRENT ASSETS

482,866

423,955

TOTAL ASSETS LESS CURRENT
LIABILITIES

485,645

425,310

PROVISIONS FOR LIABILITIES

7

(695

)

-

NET ASSETS

484,950

425,310

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

484,948

425,308

SHAREHOLDERS' FUNDS

484,950

425,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2026 and were signed on its behalf by:

D E Cairns - Director

1.	STATUTORY INFORMATION

Marine Electrical Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition

Income is recognised when a contract for the sale of goods or services is determined as unconditional.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Contract work in progress

Contract work in progress is valued at costs incurred, net of amounts transferred to cost of sales, less foreseeable losses and payments on account not matched with turnover. Any profit attributable to contract work in progress, calculated in accordance with FRS 102, has been included by way of turnover and cost of sales, with the amount by which turnover is in excess of payments on account included in debtors in accrued income.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2025

1,396

12,231

13,627

Additions

-

1,707

At 31 March 2026

1,396

13,938

15,334

DEPRECIATION

At 1 April 2025

1,070

11,202

12,272

Charge for year

49

234

283

At 31 March 2026

1,119

11,436

12,555

NET BOOK VALUE

At 31 March 2026

277

2,502

2,779

At 31 March 2025

326

1,029

1,355

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

72,240

19,493

Prepayments and accrued income

1,256

1,189

73,496

20,682

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Amounts owed to group undertakings

-

1,400,000

Taxation and social security

31,997

6,227

Directors' current accounts

125

25

Accruals and deferred income

2,110

2,401

34,232

1,408,653

7.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

695

-

Deferred

tax

£

Provided during year

695

Accelerated capital allowances

Balance at 31 March 2026

695

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

2

Ordinary

£1

2

9.	ULTIMATE PARENT COMPANY

The Ultimate Parent Company is MEC Marine & Offshore Limited, a company incorporated in England & Wales. The company's registered office is the same as the registered office for Marine Electrical Consulting Limited which can be found on the Company Information page.