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REGISTERED NUMBER: 04826434 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Transocean Anti-Corrosion Limited

Transocean Anti-Corrosion Limited (Registered number: 04826434)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Transocean Anti-Corrosion Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: A Cunningham
E K Boer
WB Bonestroo





SECRETARY: A Cunningham





REGISTERED OFFICE: Venture House
Calne Road
Lyneham
Chippenham
SN15 4PP





REGISTERED NUMBER: 04826434 (England and Wales)





ACCOUNTANTS: Venture
Chartered Accountants
Venture House
Calne Road
Lyneham
Chippenham
SN15 4PP

Transocean Anti-Corrosion Limited (Registered number: 04826434)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,810 7,262

CURRENT ASSETS
Debtors 5 50,072 49,056
Cash at bank 107,743 71,371
157,815 120,427
CREDITORS
Amounts falling due within one year 6 79,458 59,744
NET CURRENT ASSETS 78,357 60,683
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,167

67,945

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 84,067 67,845
84,167 67,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 6 March 2025 and were signed on its behalf by:





E K Boer - Director


Transocean Anti-Corrosion Limited (Registered number: 04826434)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Transocean Anti-Corrosion Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Transocean Anti-Corrosion Limited (Registered number: 04826434)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 17,454
DEPRECIATION
At 1 August 2023 10,192
Charge for year 1,452
At 31 July 2024 11,644
NET BOOK VALUE
At 31 July 2024 5,810
At 31 July 2023 7,262

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 72 49,056
Amounts owed by group undertakings 50,000 -
50,072 49,056

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 14,905 12,586
Amounts owed to group undertakings 3,395 33,694
Taxation and social security 29,909 9,391
Other creditors 31,249 4,073
79,458 59,744

7. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Dutch Coating Consultants Training B.V. The registered office is
Rietdekkerstraat 4, 2984 Bm, Ridderkerk, Netherlands.

The direct parent company is Training & Coating Consultants Ltd.