OC Hydrographic Services Limited 10199623 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is the provision of hydrographic surveying services. Digita Accounts Production Advanced 6.30.9574.0 true 10199623 2022-06-01 2023-05-31 10199623 2023-05-31 10199623 bus:OrdinaryShareClass1 2023-05-31 10199623 core:CurrentFinancialInstruments 2023-05-31 10199623 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 10199623 core:FurnitureFittingsToolsEquipment 2023-05-31 10199623 core:OtherPropertyPlantEquipment 2023-05-31 10199623 bus:SmallEntities 2022-06-01 2023-05-31 10199623 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 10199623 bus:FullAccounts 2022-06-01 2023-05-31 10199623 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 10199623 bus:RegisteredOffice 2022-06-01 2023-05-31 10199623 bus:Director1 2022-06-01 2023-05-31 10199623 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 10199623 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10199623 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 10199623 core:OfficeEquipment 2022-06-01 2023-05-31 10199623 core:OtherPropertyPlantEquipment 2022-06-01 2023-05-31 10199623 core:PlantMachinery 2022-06-01 2023-05-31 10199623 countries:AllCountries 2022-06-01 2023-05-31 10199623 2022-05-31 10199623 core:FurnitureFittingsToolsEquipment 2022-05-31 10199623 core:OtherPropertyPlantEquipment 2022-05-31 10199623 2021-06-01 2022-05-31 10199623 2022-05-31 10199623 bus:OrdinaryShareClass1 2022-05-31 10199623 core:CurrentFinancialInstruments 2022-05-31 10199623 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 10199623 core:FurnitureFittingsToolsEquipment 2022-05-31 10199623 core:OtherPropertyPlantEquipment 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10199623

OC Hydrographic Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2023

 

OC Hydrographic Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

OC Hydrographic Services Limited

Company Information

Director

OL Cozens

Registered office

Packsaddle Farm
3 Trewarton Road
Penryn
Cornwall
TR10 8JB

Accountants

Julia Evans Accountants Ltd
Waterside House
Falmouth Road
Penryn
Cornwall
TR10 8BE

 

OC Hydrographic Services Limited

(Registration number: 10199623)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,878

3,694

Current assets

 

Debtors

5

13,536

42,901

Cash at bank and in hand

 

586

1,685

 

14,122

44,586

Creditors: Amounts falling due within one year

6

(14,943)

(21,203)

Net current (liabilities)/assets

 

(821)

23,383

Total assets less current liabilities

 

1,057

27,077

Provisions for liabilities

(357)

(702)

Net assets

 

700

26,375

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

699

26,374

Shareholders' funds

 

700

26,375

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 November 2023
 

.........................................
OL Cozens
Director

 

OC Hydrographic Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Packsaddle Farm
3 Trewarton Road
Penryn
Cornwall
TR10 8JB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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.

Government grants

Government grants have been recognised under the accrual model.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

Taxation represents the sum of tax currently payable & deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

 

OC Hydrographic Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which he liability is settled or that asset realised, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.

Tangible assets

Tangible assets are stated in the balance sheet 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

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:

Asset class

Depreciation method and rate

Other property, plant and equipment

25% reducing balance basis

Furniture, fittings and equipment

25% reducing balance basis

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

OC Hydrographic Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2022

7,772

1,840

9,612

Additions

558

-

558

Disposals

(3,695)

(1,618)

(5,313)

At 31 May 2023

4,635

222

4,857

Depreciation

At 1 June 2022

4,595

1,323

5,918

Charge for the year

603

24

627

Eliminated on disposal

(2,371)

(1,195)

(3,566)

At 31 May 2023

2,827

152

2,979

Carrying amount

At 31 May 2023

1,808

70

1,878

At 31 May 2022

3,177

517

3,694

5

Debtors

Current

2023
£

2022
£

Trade debtors

13,536

21,153

Prepayments

-

56

Other debtors

-

21,692

 

13,536

42,901

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

119

112

Taxation and social security

2,498

20,281

Accruals and deferred income

840

810

Other creditors

11,486

-

14,943

21,203

 

OC Hydrographic Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £0.00 each

500

1

500

1