OC Hydrographic Services Limited 10199623 false 2023-06-01 2023-12-31 2023-12-31 The principal activity of the company is the provision of hydrographic surveying services. Digita Accounts Production Advanced 6.30.9574.0 true 10199623 2023-06-01 2023-12-31 10199623 2023-12-31 10199623 bus:OrdinaryShareClass1 2023-12-31 10199623 core:CurrentFinancialInstruments 2023-12-31 10199623 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 10199623 core:FurnitureFittingsToolsEquipment 2023-12-31 10199623 core:OtherPropertyPlantEquipment 2023-12-31 10199623 bus:SmallEntities 2023-06-01 2023-12-31 10199623 bus:AuditExemptWithAccountantsReport 2023-06-01 2023-12-31 10199623 bus:FullAccounts 2023-06-01 2023-12-31 10199623 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2023-12-31 10199623 bus:RegisteredOffice 2023-06-01 2023-12-31 10199623 bus:Director1 2023-06-01 2023-12-31 10199623 bus:OrdinaryShareClass1 2023-06-01 2023-12-31 10199623 bus:PrivateLimitedCompanyLtd 2023-06-01 2023-12-31 10199623 core:FurnitureFittingsToolsEquipment 2023-06-01 2023-12-31 10199623 core:OfficeEquipment 2023-06-01 2023-12-31 10199623 core:OtherPropertyPlantEquipment 2023-06-01 2023-12-31 10199623 core:PlantMachinery 2023-06-01 2023-12-31 10199623 countries:AllCountries 2023-06-01 2023-12-31 10199623 2023-05-31 10199623 core:FurnitureFittingsToolsEquipment 2023-05-31 10199623 core:OtherPropertyPlantEquipment 2023-05-31 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 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10199623

OC Hydrographic Services Limited

Unaudited Filleted Financial Statements

for the Period from 1 June 2023 to 31 December 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 December 2023

Note

2023
£

2023
£

Fixed assets

 

Tangible assets

4

1,605

1,878

Current assets

 

Debtors

5

-

13,536

Cash at bank and in hand

 

42,730

586

 

42,730

14,122

Creditors: Amounts falling due within one year

6

(42,731)

(14,943)

Net current liabilities

 

(1)

(821)

Total assets less current liabilities

 

1,604

1,057

Provisions for liabilities

(305)

(357)

Net assets

 

1,299

700

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

1,298

699

Shareholders' funds

 

1,299

700

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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period 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 7 February 2024
 

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

 

OC Hydrographic Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 31 December 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 Period from 1 June 2023 to 31 December 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.

Defined benefit pension obligation

Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.

The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.

Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

 

OC Hydrographic Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2023

4,635

222

4,857

At 31 December 2023

4,635

222

4,857

Depreciation

At 1 June 2023

2,827

152

2,979

Charge for the period

263

10

273

At 31 December 2023

3,090

162

3,252

Carrying amount

At 31 December 2023

1,545

60

1,605

At 31 May 2023

1,808

70

1,878

5

Debtors

Current

2023
£

2023
£

Trade debtors

-

13,536

 

-

13,536

 

OC Hydrographic Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 June 2023 to 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2023
£

Due within one year

Trade creditors

1,633

119

Taxation and social security

24,517

2,498

Accruals and deferred income

11,535

840

Other creditors

5,046

11,486

42,731

14,943

7

Share capital

Allotted, called up and fully paid shares

 

2023

2023

 

No.

£

No.

£

Ordinary shares of £0.00 each

500

1

500

1