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REGISTERED NUMBER: 09602458 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

OFFSHORE SHIP DESIGN AND CONSULTANTS LTD

OFFSHORE SHIP DESIGN AND CONSULTANTS LTD (REGISTERED NUMBER: 09602458)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OFFSHORE SHIP DESIGN AND CONSULTANTS LTD

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: Mr R R Mainprize Jnr
Mrs S M Mainprize
Mr J E Walker
Mrs N J Walker





REGISTERED OFFICE: Unit 18, Manor Court Manor Garth
Eastfield
Scarborough
North Yorkshire
YO11 3TU





REGISTERED NUMBER: 09602458 (England and Wales)





AUDITORS: Fortus Audit LLP
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

OFFSHORE SHIP DESIGN AND CONSULTANTS LTD (REGISTERED NUMBER: 09602458)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 100 25,833
Cash at bank 6,781 25,823
6,881 51,656
CREDITORS
Amounts falling due within one year 5 3,461 46,775
NET CURRENT ASSETS 3,420 4,881
TOTAL ASSETS LESS CURRENT LIABILITIES 3,420 4,881

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 3,320 4,781
SHAREHOLDERS' FUNDS 3,420 4,881

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 Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





Mr R R Mainprize Jnr - Director


OFFSHORE SHIP DESIGN AND CONSULTANTS LTD (REGISTERED NUMBER: 09602458)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Offshore Ship Design And Consultants 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

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 balance sheet date.

Deferred tax
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 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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 21,600
Other debtors 100 4,233
100 25,833

OFFSHORE SHIP DESIGN AND CONSULTANTS LTD (REGISTERED NUMBER: 09602458)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 46,400
Taxation and social security 3,086 -
Other creditors 375 375
3,461 46,775

6. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary share capital £1 100 100

Called up share capital is unpaid.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Frances Howard FCA (Senior Statutory Auditor)
for and on behalf of Fortus Audit LLP

8. RELATED PARTY DISCLOSURES

During the year, the company made sales to fellow subsidiaries of £66,000 (2023 £nil), the balance outstanding at the year end was £nil (2023 £nil).

During the year the company made purchases from fellow subsidiaries of £67,000 (2023 £nil), the balance outstanding at the year end was £nil (2023 £nil).

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mainprize Holdings Limited.

The ultimate controlling party is Project Summer Topco Limited.

For the year ended 31 March 2024, the largest and smallest group for which consolidated financial statements are prepared is the group headed by Mainprize Holdings Limited (Company number 11873588 England & Wales). Copies of the consolidated financial statements can be requested from the registered office, Unit 18 Manor Court, Manor Garth, Eastfield, Scarborough YO11 3TU.