Silverfin false false 31/12/2023 01/05/2023 31/12/2023 C J Ellis 01/08/2020 B M Julius 01/12/2012 B Julius 08/06/2015 G A Julius 12/01/1995 J J Ludlow 15/01/2021 Glenn Andrew Julius 19 February 2024 The principal activity of the Company during the financial year was that of event management and creation, communication and development and production. 03009277 2023-12-31 03009277 bus:Director1 2023-12-31 03009277 bus:Director2 2023-12-31 03009277 bus:Director3 2023-12-31 03009277 bus:Director4 2023-12-31 03009277 bus:Director5 2023-12-31 03009277 2023-04-30 03009277 core:CurrentFinancialInstruments 2023-12-31 03009277 core:CurrentFinancialInstruments 2023-04-30 03009277 core:Non-currentFinancialInstruments 2023-12-31 03009277 core:Non-currentFinancialInstruments 2023-04-30 03009277 core:ShareCapital 2023-12-31 03009277 core:ShareCapital 2023-04-30 03009277 core:SharePremium 2023-12-31 03009277 core:SharePremium 2023-04-30 03009277 core:RetainedEarningsAccumulatedLosses 2023-12-31 03009277 core:RetainedEarningsAccumulatedLosses 2023-04-30 03009277 core:LandBuildings 2023-04-30 03009277 core:PlantMachinery 2023-04-30 03009277 core:FurnitureFittings 2023-04-30 03009277 core:OfficeEquipment 2023-04-30 03009277 core:LandBuildings 2023-12-31 03009277 core:PlantMachinery 2023-12-31 03009277 core:FurnitureFittings 2023-12-31 03009277 core:OfficeEquipment 2023-12-31 03009277 2023-05-01 2023-12-31 03009277 bus:FilletedAccounts 2023-05-01 2023-12-31 03009277 bus:SmallEntities 2023-05-01 2023-12-31 03009277 bus:AuditExemptWithAccountantsReport 2023-05-01 2023-12-31 03009277 bus:PrivateLimitedCompanyLtd 2023-05-01 2023-12-31 03009277 bus:Director1 2023-05-01 2023-12-31 03009277 bus:Director2 2023-05-01 2023-12-31 03009277 bus:Director3 2023-05-01 2023-12-31 03009277 bus:Director4 2023-05-01 2023-12-31 03009277 bus:Director5 2023-05-01 2023-12-31 03009277 bus:Director6 2023-05-01 2023-12-31 03009277 core:LandBuildings core:BottomRangeValue 2023-05-01 2023-12-31 03009277 core:LandBuildings core:TopRangeValue 2023-05-01 2023-12-31 03009277 core:PlantMachinery 2023-05-01 2023-12-31 03009277 core:FurnitureFittings 2023-05-01 2023-12-31 03009277 core:OfficeEquipment core:TopRangeValue 2023-05-01 2023-12-31 03009277 2022-05-01 2023-04-30 03009277 core:LandBuildings 2023-05-01 2023-12-31 03009277 core:OfficeEquipment 2023-05-01 2023-12-31 03009277 core:Non-currentFinancialInstruments 2023-05-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 03009277 (England and Wales)

ONYX MARINE LIMITED

Unaudited Financial Statements
For the financial period from 01 May 2023 to 31 December 2023
Pages for filing with the registrar

ONYX MARINE LIMITED

Unaudited Financial Statements

For the financial period from 01 May 2023 to 31 December 2023

Contents

ONYX MARINE LIMITED

BALANCE SHEET

As at 31 December 2023
ONYX MARINE LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023 30.04.2023
£ £
Fixed assets
Tangible assets 3 66,034 74,342
66,034 74,342
Current assets
Debtors 4 126,490 123,280
Cash at bank and in hand 191 323
126,681 123,603
Creditors: amounts falling due within one year 5 ( 205,071) ( 153,153)
Net current liabilities (78,390) (29,550)
Total assets less current liabilities (12,356) 44,792
Creditors: amounts falling due after more than one year 6 ( 312,527) ( 324,707)
Net liabilities ( 324,883) ( 279,915)
Capital and reserves
Called-up share capital 111 111
Share premium account 4,280 4,280
Profit and loss account ( 329,274 ) ( 284,306 )
Total shareholders' deficit ( 324,883) ( 279,915)

For the financial period ending 31 December 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 19 February 2024. They were signed on its behalf by:

Glenn Andrew Julius
Director
ONYX MARINE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 May 2023 to 31 December 2023
ONYX MARINE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 May 2023 to 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period 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 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.

Reporting period length

The financial statements presented for the current year are for a shortened period of 8 months from 1st May 2023 to 31st December 2023.

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.

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
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.

2. Employees

Period from
01.05.2023 to
31.12.2023
Year ended
30.04.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 9 6

3. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 May 2023 78,670 54,426 35,254 57,211 225,561
At 31 December 2023 78,670 54,426 35,254 57,211 225,561
Accumulated depreciation
At 01 May 2023 40,689 34,220 28,777 47,533 151,219
Charge for the financial period 1,935 2,021 648 3,704 8,308
At 31 December 2023 42,624 36,241 29,425 51,237 159,527
Net book value
At 31 December 2023 36,046 18,185 5,829 5,974 66,034
At 30 April 2023 37,981 20,206 6,477 9,678 74,342

4. Debtors

31.12.2023 30.04.2023
£ £
Amounts owed by Group undertakings 57,461 70,196
Amounts owed by directors 19,075 27,898
Prepayments 22,752 5,489
VAT recoverable 904 0
Corporation tax 20,099 0
Other debtors 6,199 19,697
126,490 123,280

5. Creditors: amounts falling due within one year

31.12.2023 30.04.2023
£ £
Bank loans and overdrafts 50,659 47,314
Trade creditors 46,275 52,183
Amounts owed to Group undertakings 83,028 30,583
Amounts owed to directors 437 0
Accruals 4,799 3,903
Taxation and social security 17,205 11,958
Obligations under finance leases and hire purchase contracts 0 416
Other creditors 2,668 6,796
205,071 153,153

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

31.12.2023 30.04.2023
£ £
Bank loans 312,527 324,707

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

7. Related party transactions

Transactions with the entity's directors

31.12.2023 30.04.2023
£ £
Loans to directors 18,638 27,898

8. Ultimate controlling party

Parent Company:

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