2023-12-31-accounts - The Maritime Workshop

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Maritime Workshop (The)

Annual Report and Unaudited Accounts

Year Ending 31 December 2023

MARITIME WORKSHOP (THE)

Balance Sheet

31 December 2023

FIXED ASSETS: Tangible assets CURRENT ASSETS: Stock Cash & Bank Debtors Other Debtors Prepayments CREDITORS:Amounts falling due within one year Creditors Accruals NET CURRENT ASSETS CREDITORS:Amounts falling due after one year TOTAL NET ASSETS CAPITAL AND RESERVES Revaluation Reserve Profit and Loss MEMBERS FUND		31.12.23 31.12.22	31.12.23 31.12.22
	Notes 4 5 6	£ £ £ £ 208,504 200,000 50 50 14,035 20,721 0 4,500 12,567 2,363 0 1,808 26,652 29,442 10,814 1,963 0 0 10,814 1,963 15,838 27,478 0 7,587 224,342 219,891 140,912 140,912 83,430 78,979 224,342 219,891
			140,912 78,979 219,891

The financial statements were approved by the board of committee members on and were signed on its behalf

Signed

Capacity

Dates

The notes form part of these financial statements

Page 4

MARITIME WORKSHOP (THE).

Notes to the Financial Statements

for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES

Accounting Convention

The financial statements have been prepared under the historical cost convention

Turnover

Turnover represents net invoiced sales of goods and services

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 - 18% on reducing balance Computer equipment - 25% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisation value, after making due allowances for obsolete and slow moving items

2. OPERATING PROFIT

The operating profit is stated after charging:

3.

Depreciation - owned assets Committee members remuneration and benefits A Dilley – Trustee honorarium Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Financial Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation is respect of income or capital gains received within the categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.	31.12.23 £ 1,968 31.12.23 12,000 31.12.23	31.12.22 £ 2,374
		31.12.22 12,000
		31.12.22

	0	0

Page 5

Notes to the Financial Statements

MARITIME WORKSHOP (THE)

for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS COST : At 1 January 2022 Additions DEPRECIATION: At 1 January 2022 Charge for the year At 31 December 2023 NET BOOK VALUE: At 31 December 2023 At 31 December 2022 5. DEBTORS AMOUNTS FALLING DUE WITHIN ONE YEAR Stock Cash & Bank Debtors Other Debtors - NMRM Prepayments 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other Creditors Accruals	31.12.23 £ 50 14,035 0 12,567 0 26,652 31.12.23 £ 7,986 2,828 10,814	Land & Buildings Fixtures & Fittings Computer Equipment
		£ 200,000 133,912 390 0 0 0
		200,000 133,912 390 0 123,541 289 1,867 101
		0 125,408 390
		200,000 8,504 -
		200,000 10,371 101
		31.12.22 £ 50 20,721 4,500 2,363 1,808 29,442 31.12.22 £ 1,963 0 1,963

Page 6

MARITIME WORKSHOP (THE)

Notes to the Financial Statements

for the Year Ended 31 December 2023

7. CREDITORS AND AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

	31.12.23	31.12.22
	£	£
Bank Loans	0	7,587

COMPANY LIMITED BY GURANTEE

The company is limited by guarantee and has no share capital

Every member of the company undertakes to contribute to the assets of the company. In the event of a winding up order, such an amount as be required not exceeding £1

9. EMPLOYEES

During the year the average number of employees was 0 (2022 0)

EQUITY

As at 1 January 2023 Profit/(Loss for the year) As at 31 December 2023	Revaluation Profit & Total Reserve Loss 140,912 78,979 219,891 - 4,451 4,451
	140,912 83,430 224,342

Page 7

MARITIME WORKSHOP (THE)

Balance Sheet

31 December 2023

FIXED ASSETS: Tangible assets CURRENT ASSETS: Stock Cash & Bank Debtors Other Debtors Prepayments CREDITORS:Amounts falling due within one year Creditors Accruals NET CURRENT ASSETS CREDITORS:Amounts falling due after one year TOTAL NET ASSETS CAPITAL AND RESERVES Revaluation Reserve Profit and Loss MEMBERS FUND		31.12.23 31.12.22	31.12.23 31.12.22
	Notes 4 5 6	£ £ £ £ 208,504 200,000 50 50 14,035 20,721 0 4,500 12,567 2,363 0 1,808 26,652 29,442 10,814 1,963 0 0 10,814 1,963 15,838 27,478 0 7,587 224,342 219,891 140,912 140,912 83,430 78,979 224,342 219,891
			140,912 78,979 219,891

The financial statements were approved by the board of committee members on and were signed on its behalf

Signed

Capacity

Dates

The notes form part of these financial statements

Page 4

Maritime Workshop (The)

Company Information for the Year Ended 31 December 2023

DIRECTORS: Mr A Dilley Mr I Steele Mr J Kundert REGISTERED OFFICE: 50 Ferrol Road Gosport Hants PO12 4UG REGISTERED NUMBER: 1827526 (England and Wales) ACCOUNTANTS: Diamond Accounting Southern LTD Unit 33 New Forest Enterprise Centre Hampshire SO40 9LA

Maritime Workshop (The)

Contents of the Financial Statements for the Year Ended 31 December 2023

	Page
Company Information	1
Report of the Directors	2
Profit and Loss Account	3
Balance Sheet	4
Notes to the Financial Statements	5-7
Report of the Accountants	8
Trading and Profit and Loss Account	9

Maritime Workshop (The)

For the Year Ended 31 December 2023

The accounts have been prepared in accordance with the special provision of part 15 of the Companies Act 2006 relating to small companies and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)

For the year ending 31 December 2023, the company was entitled to exemption from audit. In accordance with Sections 475 and 477 of the Companies Act 2006 relating to small companies and no notice has been deposited under section 476 of the Act with respect to accounting records and the preparation of the accounts.

The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of the accounts.

THE FINANCIAL STATEMENTS WERE APPROVED BY THE BOARD ON:

……………………………………………. Mr A Dilley - Director

Date: …………………………………….

The Maritime Workshop

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Charity Name The Maritime Workshop	Charity Name The Maritime Workshop	Charity Name The Maritime Workshop

31stDecember 2023	Charity no (if any)	292610

1 to 19 (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2023. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have
examiner's statement come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Name: Relevant professional qualification(s) or body (if any): Address:	M. Ettridge	30/04/2025

	Maria Ettridge

	ACCA

	Diamond Accounting (Southern) LTD.

Oct 2018

IER

Unit 33, New Forest Enterprise Centre, Southampton, SO40 9LA

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

IER