AWS OCEAN ENERGY LIMITED

Company Registration Number:
SC268223 (Scotland)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 1 July 2022

End date: 30 June 2023

AWS OCEAN ENERGY LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

AWS OCEAN ENERGY LIMITED

Directors' report period ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Directors

The directors shown below have held office during the whole of the period from
1 July 2022 to 30 June 2023

Simon Grey
Judith Monson


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 August 2023

And signed on behalf of the board by:
Name: Simon Grey
Status: Director

AWS OCEAN ENERGY LIMITED

Balance sheet

As at 30 June 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 846 6,112
Investments:   0 0
Total fixed assets: 846 6,112
Current assets
Stocks:   0 0
Debtors: 4 2,105,249 2,288,851
Cash at bank and in hand: 79,363 56,255
Investments:   0 0
Total current assets: 2,184,612 2,345,106
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 48,178 ) ( 102,619 )
Net current assets (liabilities): 2,136,434 2,242,487
Total assets less current liabilities: 2,137,280 2,248,599
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 2,137,280 2,248,599
Capital and reserves
Called up share capital: 64,045 64,045
Share premium account: 18,377,105 18,377,105
Other reserves: 0 0
Profit and loss account: (16,303,870 ) (16,192,551 )
Total Shareholders' funds: 2,137,280 2,248,599

The notes form part of these financial statements

AWS OCEAN ENERGY LIMITED

Balance sheet statements

For the year ending 30 June 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

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

Name: Simon Grey
Status: Director

The notes form part of these financial statements

AWS OCEAN ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:Computer Equipment at 33% straight lineMotor Vehicles at 25% Straight line

AWS OCEAN ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 5

AWS OCEAN ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2022 0 0 0 52,603 37,245 89,848
Additions 0 0 0 615 0 615
Disposals 0 0 0 0 ( 5,950 ) ( 5,950 )
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 June 2023 0 0 0 53,218 31,295 84,513
Depreciation
At 1 July 2022 0 0 0 50,602 33,134 83,736
Charge for year 0 0 0 1,770 2,623 4,393
On disposals 0 0 0 0 ( 4,462 ) ( 4,462 )
Other adjustments 0 0 0 0 0 0
At 30 June 2023 0 0 0 52,372 31,295 83,667
Net book value
At 30 June 2023 0 0 0 846 0 846
At 30 June 2022 0 0 0 2,001 4,111 6,112

AWS OCEAN ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Debtors

2023 2022
£ £
Trade debtors 6,600 3,600
Prepayments and accrued income 11,324 53,904
Other debtors 2,087,325 2,231,347
Total 2,105,249 2,288,851

AWS OCEAN ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 20,876 62,920
Taxation and social security 22,721 34,111
Accruals and deferred income 3,513 3,637
Other creditors 1,068 1,951
Total 48,178 102,619