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Company Registration No. 12434143 (England and Wales)
Ceanos (Portsmouth) Limited Unaudited accounts for the year ended 29 February 2024
Ceanos (Portsmouth) Limited Unaudited accounts Contents
Page
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Ceanos (Portsmouth) Limited Company Information for the year ended 29 February 2024
Director
J T Hingston
Company Number
12434143 (England and Wales)
Registered Office
Highland House Mayflower Close Chandler's Ford, Eastleigh Hampshire SO53 4AR
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Ceanos (Portsmouth) Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
68,855 
88,429 
Current assets
Inventories
14,720 
12,719 
Debtors
5,765 
1,071 
Cash at bank and in hand
6,404 
31,108 
26,889 
44,898 
Creditors: amounts falling due within one year
(78,511)
(104,530)
Net current liabilities
(51,622)
(59,632)
Total assets less current liabilities
17,233 
28,797 
Creditors: amounts falling due after more than one year
(13,950)
(24,111)
Provisions for liabilities
Deferred tax
(9,819)
(11,874)
Net liabilities
(6,536)
(7,188)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(6,537)
(7,189)
Shareholders' funds
(6,536)
(7,188)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 September 2024 and were signed on its behalf by
J T Hingston Director Company Registration No. 12434143
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Ceanos (Portsmouth) Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Ceanos (Portsmouth) Limited is a private company, limited by shares, registered in England and Wales, registration number 12434143. The registered office is Highland House, Mayflower Close, Chandler's Ford, Eastleigh, Hampshire, SO53 4AR. The principal place of business is 250 Calmore Road, Calmore, Southampton, Hampshire, SO40 2RB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5 years Straight Line
Plant & machinery
5 years Straight Line
Fixtures & fittings
5 years Straight Line
Computer equipment
3 years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets 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 balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date Timing differences arise from the inclusion of income and expenses in tax assessments 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the period to which they relate.
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Ceanos (Portsmouth) Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
68,221 
17,694 
46,915 
7,506 
140,336 
Additions
2,643 
3,989 
2,795 
1,859 
11,286 
At 29 February 2024
70,864 
21,683 
49,710 
9,365 
151,622 
Depreciation
At 1 March 2023
27,288 
5,581 
15,669 
3,369 
51,907 
Charge for the year
13,997 
4,200 
9,891 
2,772 
30,860 
At 29 February 2024
41,285 
9,781 
25,560 
6,141 
82,767 
Net book value
At 29 February 2024
29,579 
11,902 
24,150 
3,224 
68,855 
At 28 February 2023
40,933 
12,113 
31,246 
4,137 
88,429 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,266 
1,071 
Other debtors
3,499 
- 
5,765 
1,071 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,162 
9,911 
Trade creditors
17,697 
21,404 
Taxes and social security
6,866 
5,527 
Other creditors
43,786 
67,688 
78,511 
104,530 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,950 
24,111 
8
Average number of employees
During the year the average number of employees was 15 (2023: 12).
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