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REGISTERED NUMBER: 08253847 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

OFFSHORE ANALYSIS LTD

OFFSHORE ANALYSIS LTD (REGISTERED NUMBER: 08253847)






Contents of the Financial Statements
for the year ended 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


OFFSHORE ANALYSIS LTD

Company Information
for the year ended 30 NOVEMBER 2023







DIRECTOR: D Morkunas





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 08253847 (England and Wales)






OFFSHORE ANALYSIS LTD (REGISTERED NUMBER: 08253847)

Statement of Financial Position
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,586 3,894

CURRENT ASSETS
Debtors 6 11,442 10,440
Cash at bank 92,868 58,042
104,310 68,482
CREDITORS
Amounts falling due within one year 7 29,711 16,763
NET CURRENT ASSETS 74,599 51,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,185

55,613

PROVISIONS FOR LIABILITIES 681 740
NET ASSETS 77,504 54,873

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 77,404 54,773
SHAREHOLDERS' FUNDS 77,504 54,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

OFFSHORE ANALYSIS LTD (REGISTERED NUMBER: 08253847)

Statement of Financial Position - continued
30 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2024 and were signed by:





D Morkunas - Director


OFFSHORE ANALYSIS LTD (REGISTERED NUMBER: 08253847)

Notes to the Financial Statements
for the year ended 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Offshore Analysis Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

OFFSHORE ANALYSIS LTD (REGISTERED NUMBER: 08253847)

Notes to the Financial Statements - continued
for the year ended 30 NOVEMBER 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 9,810
Additions 588
At 30 November 2023 10,398
DEPRECIATION
At 1 December 2022 5,916
Charge for year 896
At 30 November 2023 6,812
NET BOOK VALUE
At 30 November 2023 3,586
At 30 November 2022 3,894

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 11,160 10,440
Other debtors 282 -
11,442 10,440

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade creditors 202 202
Taxation and social security 27,950 16,561
Other creditors 1,559 -
29,711 16,763