1 March 2023 v2024.61.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP124617112023-03-012024-02-29124617112024-02-29124617112023-02-2812461711core:WithinOneYear2024-02-2912461711core:WithinOneYear2023-02-2812461711core:ShareCapital2024-02-2912461711core:ShareCapital2023-02-2812461711core:RetainedEarningsAccumulatedLosses2024-02-2912461711core:RetainedEarningsAccumulatedLosses2023-02-2812461711bus:Director12023-03-012024-02-2912461711bus:RegisteredOffice2023-03-012024-02-2912461711core:OfficeEquipment2023-03-012024-02-29124617112022-03-012023-02-2812461711core:PlantMachinery2024-02-2912461711core:PlantMachinery2023-03-0112461711core:PlantMachinery2023-03-012024-02-2912461711core:PlantMachinery2023-02-281246171112023-03-012024-02-2912461711countries:EnglandWales2023-03-012024-02-2912461711bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2912461711bus:PrivateLimitedCompanyLtd2023-03-012024-02-2912461711bus:SmallEntities2023-03-012024-02-2912461711bus:FullAccounts2023-03-012024-02-29
Company registration number:
12461711
Simon Boyes Offshore Ltd
Unaudited Filleted Financial Statements for the year ended
29 February 2024
Simon Boyes Offshore Ltd
Statement of Financial Position
29 February 2024
20242023
Note££
Fixed assets    
Tangible assets 5
910
 
1,137
 
Current assets    
Debtors 6
9,461
 
5,681
 
Cash at bank and in hand
10,078
 
8,005
 
19,539
 
13,686
 
Creditors: amounts falling due within one year 7
(20,245
)
(17,912
)
Net current liabilities
(706
)
(4,226
)
Total assets less current liabilities 204   (3,089 )
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
203
 
(3,090
)
Shareholders funds/(deficit)
204
 
(3,089
)
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.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
27 November 2024
, and are signed on behalf of the board by:
Simon Boyes
Director
Company registration number:
12461711
Simon Boyes Offshore Ltd
Notes to the Financial Statements
Year ended
29 February 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
1 Nursery Way
,
Norton
,
YO17 8DP
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
20% Reducing Balance

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 March 2023
and
29 February 2024
1,776
 
Depreciation  
At
1 March 2023
639
 
Charge
227
 
At
29 February 2024
866
 
Carrying amount  
At
29 February 2024
910
 
At 28 February 2023
1,137
 

6 Debtors

20242023
££
Other debtors
9,461
 
5,681
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts -  
4,706
 
Taxation and social security
10,647
 
3,608
 
Other creditors
9,598
 
9,598
 
20,245
 
17,912
 

8 Director's advances, credit and guarantees

During the financial year Simon Boyes Offshore Limited made an unsecured, interest-free loan to Mr S Boyes. The value of the loan at the reporting date was £3,780. The loan is payable on demand and in full.