IRIS Accounts Production v24.1.0.578 SC269184 Board of Directors Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2691842022-11-30SC2691842023-11-30SC2691842022-12-012023-11-30SC2691842021-11-30SC2691842021-12-012022-11-30SC2691842022-11-30SC269184ns15:Scotland2022-12-012023-11-30SC269184ns14:PoundSterling2022-12-012023-11-30SC269184ns10:Director12022-12-012023-11-30SC269184ns10:Director22022-12-012023-11-30SC269184ns10:PrivateLimitedCompanyLtd2022-12-012023-11-30SC269184ns10:Micro-entities2022-12-012023-11-30SC269184ns10:AuditExemptWithAccountantsReport2022-12-012023-11-30SC269184ns10:FullAccounts2022-12-012023-11-30SC269184ns5:CurrentFinancialInstruments2023-11-30SC269184ns5:CurrentFinancialInstruments2022-11-30SC269184ns10:RegisteredOffice2022-12-012023-11-30SC269184ns10:Director222022-11-30SC269184ns10:Director222021-11-30SC269184ns10:Director222022-12-012023-11-30SC269184ns10:Director222021-12-012022-11-30SC269184ns10:Director222023-11-30SC269184ns10:Director222022-11-30SC2691841ns10:Director12022-11-30SC2691841ns10:Director12021-11-30SC2691841ns10:Director12022-12-012023-11-30SC2691841ns10:Director12021-12-012022-11-30SC2691841ns10:Director12023-11-30SC2691841ns10:Director12022-11-30
REGISTERED NUMBER: SC269184 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

POSEIDON ENGINEERING LIMITED

POSEIDON ENGINEERING LIMITED (REGISTERED NUMBER: SC269184)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Balance Sheet 1

Chartered Certified Accountants' Report 3

POSEIDON ENGINEERING LIMITED (REGISTERED NUMBER: SC269184)

BALANCE SHEET
30 November 2023

2023 2022
£    £    £    £   
FIXED ASSETS 19,166 37,765

CURRENT ASSETS 431,670 427,203

CREDITORS
Amounts falling due within one year (55,248 ) (56,973 )
NET CURRENT ASSETS 376,422 370,230
TOTAL ASSETS LESS CURRENT LIABILITIES 395,588 407,995

CAPITAL AND RESERVES 395,588 407,995

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Poseidon Engineering Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC269184

Registered office: Unit 1 Colpy Way
Colpy Road Industrial Estate
Oldmeldrum
Aberdeenshire
AB51 0BZ

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


2. AVERAGE NUMBER OF EMPLOYEES

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

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mrs M Crichton
Balance outstanding at start of year (624 ) (312 )
Amounts advanced 624 (312 )
Amounts repaid (312 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (312 ) (624 )

POSEIDON ENGINEERING LIMITED (REGISTERED NUMBER: SC269184)

BALANCE SHEET - continued
30 November 2023

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr G Crichton
Balance outstanding at start of year (624 ) (312 )
Amounts advanced 624 (312 )
Amounts repaid (312 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (312 ) (624 )

The above loans are interest free and have no set repayment terms.

4. OTHER FINANCIAL COMMITMENTS

At the year end the company had other financial commitments under operating leases amounting to £804.18 (2022:£4,021).



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 directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2024 and were signed on its behalf by:




Mr G Crichton - Director



Mrs M Crichton - Director


CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
POSEIDON ENGINEERING LIMITED (REGISTERED NUMBER: SC269184)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement is not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Poseidon Engineering Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Poseidon Engineering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Poseidon Engineering Limited and state those matters that we have agreed to state to the Board of Directors of Poseidon Engineering Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Poseidon Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Poseidon Engineering Limited. You consider that Poseidon Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Poseidon Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


1 May 2024