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
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
Underwater Novel Technology Ltd
Statement of financial position
as at 30 June 2023
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)
Called up share capital
11,724
11,724
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
Underwater Novel Technology Ltd
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts are presented in £ sterling.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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
Allotted, called up and fully paid:
11,724 Ordinary shares of £1 each
11,724
11,724
Underwater Novel Technology Ltd
Notes to the Accounts
for the year ended 30 June 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Christopher John Chilcott
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).