Company Registration No. 10801329 (England and Wales)
GEORDIE OFFSHORE LTD
Unaudited accounts
for the year ended 30 June 2023
GEORDIE OFFSHORE LTD
Unaudited accounts
Contents
GEORDIE OFFSHORE LTD
Company Information
for the year ended 30 June 2023
Company Number
10801329 (England and Wales)
Registered Office
22 COACH ROAD
GATESHEAD
TYNE & WEAR
NE11 0DY
ENGLAND
Accountants
Scott Accountancy Services
119 Lanchester Avenue
Gateshead
Tyne & Wear
NE9 7AN
GEORDIE OFFSHORE LTD
Statement of financial position
as at 30 June 2023
Tangible assets
2,847
3,736
Cash at bank and in hand
55,789
46,972
Creditors: amounts falling due within one year
(4,720)
(4,249)
Net current assets
51,369
43,123
Called up share capital
1
1
Profit and loss account
54,215
46,858
Shareholders' funds
54,216
46,859
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 director acknowledges his 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 and authorised for issue on 12 September 2023 and were signed on its behalf by
Michael Treanor
Director
Company Registration No. 10801329
GEORDIE OFFSHORE LTD
Notes to the Accounts
for the year ended 30 June 2023
GEORDIE OFFSHORE LTD is a private company, limited by shares, registered in England and Wales, registration number 10801329. The registered office is 22 COACH ROAD, GATESHEAD, TYNE & WEAR, NE11 0DY, ENGLAND.
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 have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 July 2022
1,000
5,850
6,850
At 30 June 2023
1,000
5,850
6,850
At 1 July 2022
555
2,559
3,114
Charge for the year
66
823
889
At 30 June 2023
621
3,382
4,003
At 30 June 2023
379
2,468
2,847
At 30 June 2022
445
3,291
3,736
Amounts falling due within one year
Accrued income and prepayments
300
400
GEORDIE OFFSHORE LTD
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,720
4,249
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).