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Company Registration No. SC539200 (Scotland)
Underwater Novel Technology Ltd Unaudited accounts for the year ended 30 June 2023
Underwater Novel Technology Ltd Unaudited accounts Contents
Page
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Underwater Novel Technology Ltd Company Information for the year ended 30 June 2023
Directors
Steven Gordon Rowbottom Christopher John Chilcott
Secretary
Shepherd & Wedderburn Secretaries Limited
Company Number
SC539200 (Scotland)
Registered Office
37 Albyn Place Aberdeen Aberdeen City AB10 1YN Scotland
Accountants
Shipleys Chartered Accountants 32 Park Cross Street Leeds West Yorkshire LS1 2QH
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Underwater Novel Technology Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
379 
69 
Creditors: amounts falling due within one year
(16,959)
(15,809)
Net current liabilities
(16,580)
(15,740)
Net liabilities
(16,580)
(15,740)
Capital and reserves
Called up share capital
11,724 
11,724 
Share premium
3,277 
3,277 
Profit and loss account
(31,581)
(30,741)
Shareholders' funds
(16,580)
(15,740)
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by
Steven Gordon Rowbottom Director Company Registration No. SC539200
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Underwater Novel Technology Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Underwater Novel Technology Ltd is a private company, limited by shares, registered in Scotland, registration number SC539200. The registered office is 37 Albyn Place, Aberdeen, Aberdeen City, AB10 1YN, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Presentation currency
The accounts are presented in £ sterling.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. 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.
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
4,679 
4,483 
Loans from directors
11,830 
10,726 
Accruals
450 
600 
16,959 
15,809 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
11,724 Ordinary shares of £1 each
11,724 
11,724 
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Underwater Novel Technology Ltd Notes to the Accounts for the year ended 30 June 2023
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Steven Gordon Rowbottom
5,362 
552 
- 
5,914 
Christopher John Chilcott
5,362 
552 
- 
5,915 
10,724 
1,104 
- 
11,829 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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