3 31/12/2021 2021-12-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2021-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP SC131730 2021-01-01 2021-12-31 SC131730 2021-12-31 SC131730 2020-12-31 SC131730 2020-01-01 2020-12-31 SC131730 2020-12-31 SC131730 2019-12-31 SC131730 bus:LeadAgentIfApplicable 2021-01-01 2021-12-31 SC131730 bus:Director1 2021-01-01 2021-12-31 SC131730 bus:Director2 2021-01-01 2021-12-31 SC131730 bus:Director3 2021-01-01 2021-12-31 SC131730 core:WithinOneYear 2021-12-31 SC131730 core:WithinOneYear 2020-12-31 SC131730 core:AfterOneYear 2021-12-31 SC131730 bus:Director1 2020-12-31 SC131730 bus:Director1 2021-12-31 SC131730 bus:Director2 2020-12-31 SC131730 bus:Director3 2020-12-31 SC131730 bus:Director3 2021-12-31 SC131730 bus:Director1 2019-12-31 SC131730 bus:Director1 2020-12-31 SC131730 bus:Director2 2019-12-31 SC131730 bus:Director2 2020-12-31 SC131730 bus:Director3 2020-12-31 SC131730 bus:Director1 2020-01-01 2020-12-31 SC131730 bus:Director2 2020-01-01 2020-12-31 SC131730 bus:Director3 2020-01-01 2020-12-31 SC131730 bus:Micro-entities 2021-01-01 2021-12-31 SC131730 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 SC131730 bus:FullAccounts 2021-01-01 2021-12-31 SC131730 bus:SmallCompaniesRegimeForAccounts 2021-01-01 2021-12-31 SC131730 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31
Company registration number: SC131730
Oban Port Users Ltd
Trading as Oban Port Users Ltd
Unaudited filleted financial statements
31 December 2021
Oban Port Users Ltd
Contents
Accountants report
Statement of financial position and notes to the financial statements
Oban Port Users Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Oban Port Users Ltd
Year ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oban Port Users Ltd for the year ended 31 December 2021 as set out on pages 4 to 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Oban Port Users Ltd, as a body, in accordance with the terms of our engagement letter dated 30 March 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Oban Port Users Ltd and state those matters that we have agreed to state to the board of directors of Oban Port Users Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oban Port Users Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Oban Port Users Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oban Port Users Ltd. You consider that Oban Port Users Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Oban Port Users Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Simmers & Co
Chartered Accountants
Albany Chambers
Albany Street
Oban
PA34 4AL
22 June 2022
Oban Port Users Ltd
Statement of financial position
31 December 2021
2021 2020
£ £ £ £
Fixed assets 15,701 20,784
_______ _______
Current assets 190,541 113,712
Prepayments and accrued income 18,619 4,694
_______ _______
209,160 118,406
Creditors: amounts falling due within one year ( 45,406) ( 34,235)
_______ _______
Net current assets 163,754 84,171
_______ _______
Total assets less current liabilities 179,455 104,955
Creditors: amounts falling due after more than one year ( 32,667) -
Provisions for liabilities ( 13,200) ( 13,860)
Accruals and deferred income ( 27,584) ( 36,550)
_______ _______
Net assets 106,004 54,545
_______ _______
Capital and reserves 106,004 54,545
_______ _______
Notes to the financial statements
Oban Port Users Ltd
Year ended 31 December 2021
1. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2020: 3 ).
2. Contingent assets and liabilities
The directors believe that new ice factory has not been fully charged for utilities since it was set up. Discussions have taken place with the relevant suppliers and other interested parties but there has been no movement towards settling the matter. As the directors have little idea as to the final outcome or to the amount involved, an estimated provision has been made in these accounts to cover the liability for the year.
3. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2021
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Peter Tosh ( 17,043) ( 15,000) 17,774 ( 14,269)
Mr Michael Hopkin 28,025 ( 28,025) - -
Mr Paul Knight ( 5,000) ( 5,000) 5,000 ( 5,000)
_______ _______ _______ _______
5,982 ( 48,025) 22,774 ( 19,269)
_______ _______ _______ _______
2020
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Peter Tosh ( 15,428) ( 15,000) 13,385 ( 17,043)
Mr Michael Hopkin ( 897) ( 33,500) 62,422 28,025
Mr Paul Knight - ( 5,000) - ( 5,000)
_______ _______ _______ _______
( 16,325) ( 53,500) 75,807 5,982
_______ _______ _______ _______
4. Impact of Covid 19
The accounting period included a period of lockdown imposed as a result of the Covid pandemic. The company has been adversely affected by a downturn in business but as a result of a combination of securing government support and having cash reserves, it considers that the situation can be managed and thus can be treated as a non adjusting event and the preparation of the accounts on the going concern basis remains appropriate.
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 22 June 2022 , and are signed on behalf of the board by:
Mr Peter Tosh Mr Paul Knight
Director Director
Company registration number: SC131730
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Oban Port Users Ltd , South Pier, Oban, PA34 4LS.