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Registered number: 02100814
T M Utley (Offshore) Limited
Financial Statements
For The Year Ended 31 August 2024
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02100814
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,666 14,318
12,666 14,318
CURRENT ASSETS
Stocks 5 50 50
Debtors 6 88,249 32,123
Cash at bank and in hand 91,291 149,962
179,590 182,135
Creditors: Amounts Falling Due Within One Year 7 (210,695 ) (197,553 )
NET CURRENT ASSETS (LIABILITIES) (31,105 ) (15,418 )
TOTAL ASSETS LESS CURRENT LIABILITIES (18,439 ) (1,100 )
NET LIABILITIES (18,439 ) (1,100 )
CAPITAL AND RESERVES
Called up share capital 8 55,416 55,416
Profit and Loss Account (73,855 ) (56,516 )
SHAREHOLDERS' FUNDS (18,439) (1,100)
Page 1
Page 2
For the year ending 31 August 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T Utley
Director
31st October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
T M Utley (Offshore) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02100814 . The registered office is Silverdale House, Abbotsfield Road, St Helens, WA9 4HU. The company's functional and presentational currency is GBP and no level of rounding has been used in the preparation of the financial statements.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 15% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 4)
6 4
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2023 83,781 9,995 13,207 106,983
Additions - - 583 583
As at 31 August 2024 83,781 9,995 13,790 107,566
Depreciation
As at 1 September 2023 73,010 9,342 10,313 92,665
Provided during the period 1,616 163 456 2,235
As at 31 August 2024 74,626 9,505 10,769 94,900
Net Book Value
As at 31 August 2024 9,155 490 3,021 12,666
As at 1 September 2023 10,771 653 2,894 14,318
5. Stocks
2024 2023
£ £
Stock 50 50
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 81,577 24,562
Other debtors 6,672 7,561
88,249 32,123
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 47,533 31,118
Other creditors 161,168 160,931
Taxation and social security 1,994 5,504
210,695 197,553
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 55,416 55,416
Page 5