Dutch Offshore Services (UK) Ltd
Registered number: 01437154
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 283,787 327,787
Current assets
Stocks 20,000 22,288
Debtors 4 159,858 89,832
179,858 112,120
Creditors: amounts falling due within one year 5 (216,223) (232,262)
Net current liabilities (36,365) (120,142)
Total assets less current liabilities 247,422 207,645
Provisions for liabilities (35,200) (44,000)
Net assets 212,222 163,645
Capital and reserves
Called up share capital 108,331 108,331
Profit and loss account 103,891 55,314
Shareholders' funds 212,222 163,645
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D.W. Van den Berg
Director
Approved by the board on 10 September 2024
Dutch Offshore Services (UK) Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 107,787 1,289,663 1,397,450
At 31 December 2023 107,787 1,289,663 1,397,450
Depreciation
At 1 January 2023 - 1,069,663 1,069,663
Charge for the year - 44,000 44,000
At 31 December 2023 - 1,113,663 1,113,663
Net book value
At 31 December 2023 107,787 176,000 283,787
At 31 December 2022 107,787 220,000 327,787
4 Debtors 2023 2022
£ £
Trade debtors 111,033 83,939
Amounts owed by group undertakings and undertakings in which the company has a participating interest 48,342 5,893
Other debtors 483 -
159,858 89,832
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 375 7,832
Trade creditors 21,962 37,653
Other taxes and social security costs - 451
Other creditors 193,886 186,326
216,223 232,262
6 Other information
Dutch Offshore Services (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
East Coast House
Galahad Road
Great Yarmouth
Norfolk
NR31 7RU
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