MARINE SUPPORT THAMES (MST) LIMITED

MARINE SUPPORT THAMES (MST) LIMITED

MARINE SUPPORT THAMES (MST) LIMITED - Company Information

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MARINE SUPPORT THAMES (MST) LIMITED

Company Registration Number:
06795363 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 June 2022

End date: 31 March 2023

MARINE SUPPORT THAMES (MST) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

MARINE SUPPORT THAMES (MST) LIMITED

Balance sheet

As at 31 March 2023


Notes
10 months to 31 March 2023
2022


£
£
Fixed assets
Tangible assets: 3 716,891 805,447
Total fixed assets: 716,891 805,447
Current assets
Debtors:   215,254 149,735
Cash at bank and in hand: 582,544 254,619
Total current assets: 797,798 404,354
Creditors: amounts falling due within one year:   (60,992) (111,555)
Net current assets (liabilities): 736,806 292,799
Total assets less current liabilities: 1,453,697 1,098,246
Total net assets (liabilities): 1,453,697 1,098,246
Capital and reserves
Called up share capital: 300 300
Profit and loss account: 1,453,397 1,097,946
Shareholders funds: 1,453,697 1,098,246

The notes form part of these financial statements

MARINE SUPPORT THAMES (MST) LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption 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.

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

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 & loss account.

This report was approved by the board of directors on 15 December 2023
and signed on behalf of the board by:

Name: Mr C Ellis
Status: Director

The notes form part of these financial statements

MARINE SUPPORT THAMES (MST) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade and settlement discounts.Revenue from the sale of goods is recognised when the significant risks and rewards have passed to the buyer. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and equipment - 10% Straight lineComputers - 33% on Cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit and loss.

MARINE SUPPORT THAMES (MST) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

10 months to 31 March 2023 2022
Average number of employees during the period 1 1

MARINE SUPPORT THAMES (MST) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 1,184,601
Disposals (56,901)
At 31 March 2023 1,127,700
Depreciation
At 01 June 2022 379,154
Charge for year 45,803
On disposals (14,148)
At 31 March 2023 410,809
Net book value
At 31 March 2023 716,891
At 31 May 2022 805,447