MARINE AND RISK CONSULTANTS LIMITED


Directors	RIDING, Gillian Elsie
	RIDING, John Francis


Company Secretary	RIDING, Gillian Elsie


Registered Address	Marico House
	Bramshaw
	Southampton
	SO43 7JB


Registered Number	03767859 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		155,069		219,916
			155,069		219,916
Current assets
Stocks		248,000		200,000
Debtors		284,237		280,184
Cash at bank and on hand		122		1,876
		532,359		482,060
Creditors amounts falling due within one year		(262,724)		(251,391)
Net current assets (liabilities)			269,635		230,669
Total assets less current liabilities			424,704		450,585
Creditors amounts falling due after one year			(11,389)		(21,220)
Provisions for liabilities			(38,767)		(49,354)
Net assets			374,548		380,011
Capital and reserves
Called up share capital			30,011		30,011
Revaluation reserve			373,899		373,899
Profit and loss account			(29,362)		(23,899)
Shareholders' funds			374,548		380,011

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 18 November 2025, and are signed on its behalf by:

RIDING, John Francis
Director
Registered Company No. 03767859

MARINE AND RISK CONSULTANTS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

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

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

	Revenue from sale of goods
	Turnover represents the amount derived from the provision of consultancy services to analyse the impact of maritime risk on shipping and port operations and the provision of survey services to shipping interests. Revenue is recognised upon invoicing the customer.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	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
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: In addition to the assets below computer software is depreciated over a period of 10 years on a straight line basis


		Straight line (years)
	Plant and machinery	4
	Vehicles	4
	Office Equipment	2

	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.

	Stocks and work in progress
	Work in progress is measured at the lower of cost and net realisable value. Work in progress is recognised in respect of projects not completed at the year end.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	13		12

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	1,026,544
	Additions	22,637
	At 31 March 25	1,049,180
	Depreciation and impairment
	At 01 April 24	806,629
	Charge for year	87,483
	At 31 March 25	894,111
	Net book value
	At 31 March 25	155,069
	At 31 March 24	219,916

4.	Related party transactions
	The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group