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
Ceanos (Portsmouth) Limited
Company Information
for the year ended 29 February 2024
Company Number
12434143 (England and Wales)
Registered Office
Highland House
Mayflower Close
Chandler's Ford, Eastleigh
Hampshire
SO53 4AR
Ceanos (Portsmouth) Limited
Statement of financial position
as at 29 February 2024
Tangible assets
68,855
88,429
Cash at bank and in hand
6,404
31,108
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)
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
Ceanos (Portsmouth) Limited
Notes to the Accounts
for the year ended 29 February 2024
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.
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 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 are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 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.
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.
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
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
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
Amounts falling due within one year
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
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 15 (2023: 12).