Silverfin false 30/04/2023 01/05/2022 30/04/2023 Christopher John Ellis 01/08/2020 John William Husband 11/11/2022 28/10/2019 Bligh Martyn Julius 01/12/2012 Bryony Julius 08/06/2015 Glenn Andrew Julius 12/01/1995 Jason James Ludlow 15/01/2021 30 November 2023 The principal activity of the Company during the financial year was that of event management and creation, communication and development and production. 03009277 2023-04-30 03009277 bus:Director1 2023-04-30 03009277 bus:Director2 2023-04-30 03009277 bus:Director3 2023-04-30 03009277 bus:Director4 2023-04-30 03009277 bus:Director5 2023-04-30 03009277 bus:Director6 2023-04-30 03009277 2022-04-30 03009277 core:CurrentFinancialInstruments 2023-04-30 03009277 core:CurrentFinancialInstruments 2022-04-30 03009277 core:Non-currentFinancialInstruments 2023-04-30 03009277 core:Non-currentFinancialInstruments 2022-04-30 03009277 core:ShareCapital 2023-04-30 03009277 core:ShareCapital 2022-04-30 03009277 core:SharePremium 2023-04-30 03009277 core:SharePremium 2022-04-30 03009277 core:RetainedEarningsAccumulatedLosses 2023-04-30 03009277 core:RetainedEarningsAccumulatedLosses 2022-04-30 03009277 core:LandBuildings 2022-04-30 03009277 core:PlantMachinery 2022-04-30 03009277 core:Vehicles 2022-04-30 03009277 core:FurnitureFittings 2022-04-30 03009277 core:OfficeEquipment 2022-04-30 03009277 core:LandBuildings 2023-04-30 03009277 core:PlantMachinery 2023-04-30 03009277 core:Vehicles 2023-04-30 03009277 core:FurnitureFittings 2023-04-30 03009277 core:OfficeEquipment 2023-04-30 03009277 core:ImmediateParent core:CurrentFinancialInstruments 2023-04-30 03009277 core:ImmediateParent core:CurrentFinancialInstruments 2022-04-30 03009277 2022-05-01 2023-04-30 03009277 bus:FullAccounts 2022-05-01 2023-04-30 03009277 bus:SmallEntities 2022-05-01 2023-04-30 03009277 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 03009277 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 03009277 bus:Director1 2022-05-01 2023-04-30 03009277 bus:Director2 2022-05-01 2023-04-30 03009277 bus:Director3 2022-05-01 2023-04-30 03009277 bus:Director4 2022-05-01 2023-04-30 03009277 bus:Director5 2022-05-01 2023-04-30 03009277 bus:Director6 2022-05-01 2023-04-30 03009277 core:LandBuildings core:BottomRangeValue 2022-05-01 2023-04-30 03009277 core:LandBuildings core:TopRangeValue 2022-05-01 2023-04-30 03009277 core:PlantMachinery 2022-05-01 2023-04-30 03009277 core:Vehicles 2022-05-01 2023-04-30 03009277 core:FurnitureFittings 2022-05-01 2023-04-30 03009277 core:OfficeEquipment core:TopRangeValue 2022-05-01 2023-04-30 03009277 2021-05-01 2022-04-30 03009277 core:LandBuildings 2022-05-01 2023-04-30 03009277 core:OfficeEquipment 2022-05-01 2023-04-30 03009277 core:Non-currentFinancialInstruments 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure

Company No: 03009277 (England and Wales)

ONYX MARINE LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

ONYX MARINE LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

ONYX MARINE LIMITED

BALANCE SHEET

As at 30 April 2023
ONYX MARINE LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 74,342 152,351
74,342 152,351
Current assets
Stocks 4 0 2,667
Debtors 5 123,280 238,067
Cash at bank and in hand 323 1,127
123,603 241,861
Creditors: amounts falling due within one year 6 ( 153,153) ( 242,445)
Net current liabilities (29,550) (584)
Total assets less current liabilities 44,792 151,767
Creditors: amounts falling due after more than one year 7 ( 324,707) ( 356,540)
Net liabilities ( 279,915) ( 204,773)
Capital and reserves
Called-up share capital 111 111
Share premium account 4,280 0
Profit and loss account ( 284,306 ) ( 204,884 )
Total shareholders' deficit ( 279,915) ( 204,773)

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Onyx Marine Limited (registered number: 03009277) were approved and authorised for issue by the Board of Directors on 30 November 2023. They were signed on its behalf by:

Glenn Andrew Julius
Director
ONYX MARINE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
ONYX MARINE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Onyx Marine Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is B1 Ricardo Way, Ampress Park, LYMINGTON, Hampshire, SO41 8JW.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line and reducing balance basis over its expected useful life, as follows:

Land and buildings 7 - 10 years straight line
Plant and machinery 15 % reducing balance
Vehicles 15 % reducing balance
Fixtures and fittings 15 % reducing balance
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Work in progress is calculated on a mix of both direct costs and an appropriate proportion of salaries relating to work in progress at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 15

3. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £ £
Cost
At 01 May 2022 78,670 54,426 134,179 34,623 57,211 359,109
Additions 0 0 0 631 0 631
Disposals 0 0 ( 134,179) 0 0 ( 134,179)
At 30 April 2023 78,670 54,426 0 35,254 57,211 225,561
Accumulated depreciation
At 01 May 2022 37,787 30,655 70,338 27,672 40,306 206,758
Charge for the financial year 2,902 3,565 9,523 1,105 7,227 24,322
Disposals 0 0 ( 79,861) 0 0 ( 79,861)
At 30 April 2023 40,689 34,220 0 28,777 47,533 151,219
Net book value
At 30 April 2023 37,981 20,206 0 6,477 9,678 74,342
At 30 April 2022 40,883 23,771 63,841 6,951 16,905 152,351

4. Stocks

2023 2022
£ £
Work in progress 0 2,667

5. Debtors

2023 2022
£ £
Trade debtors 0 76,270
Amounts owed by Group undertakings 70,196 0
Amounts owed by Parent undertakings 0 2,870
Other debtors 53,084 158,927
123,280 238,067

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans and overdrafts 47,314 65,415
Trade creditors 52,183 26,973
Amounts owed to Group undertakings 30,583 0
Taxation and social security 11,958 32,513
Obligations under finance leases and hire purchase contracts 416 10,093
Other creditors 10,699 107,451
153,153 242,445

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 324,707 350,353
Obligations under finance leases and hire purchase contracts 0 6,187
324,707 356,540

There are no amounts included above in respect of which any security has been given by the small entity.

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Loans to directors 27,898 80,517

9. Ultimate controlling party

Parent Company:

Creating the Magic Limited
Towngate House, 2-8 Parkstone Road, Poole, Dorset, United Kingdom, BH15 2PW