Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31true2024-01-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04623762 2024-01-01 2024-12-31 04623762 2023-01-01 2023-12-31 04623762 2024-12-31 04623762 2023-12-31 04623762 c:Director1 2024-01-01 2024-12-31 04623762 d:PlantMachinery 2024-01-01 2024-12-31 04623762 d:PlantMachinery 2024-12-31 04623762 d:PlantMachinery 2023-12-31 04623762 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04623762 d:FurnitureFittings 2024-01-01 2024-12-31 04623762 d:FurnitureFittings 2024-12-31 04623762 d:FurnitureFittings 2023-12-31 04623762 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04623762 d:ComputerEquipment 2024-01-01 2024-12-31 04623762 d:ComputerEquipment 2024-12-31 04623762 d:ComputerEquipment 2023-12-31 04623762 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04623762 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 04623762 d:CurrentFinancialInstruments 2024-12-31 04623762 d:CurrentFinancialInstruments 2023-12-31 04623762 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 04623762 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04623762 d:ShareCapital 2024-12-31 04623762 d:ShareCapital 2023-12-31 04623762 d:RetainedEarningsAccumulatedLosses 2024-12-31 04623762 d:RetainedEarningsAccumulatedLosses 2023-12-31 04623762 c:OrdinaryShareClass1 2024-01-01 2024-12-31 04623762 c:OrdinaryShareClass1 2024-12-31 04623762 c:OrdinaryShareClass1 2023-12-31 04623762 c:FRS102 2024-01-01 2024-12-31 04623762 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04623762 c:FullAccounts 2024-01-01 2024-12-31 04623762 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04623762 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 04623762 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04623762 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04623762









SEAFLOOR MAPPING LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
SEAFLOOR MAPPING LIMITED
REGISTERED NUMBER: 04623762

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,221
1,232

  
1,221
1,232

Current assets
  

Debtors: amounts falling due within one year
 5 
3,912
5,906

Cash at bank and in hand
  
61,131
49,469

  
65,043
55,375

Creditors: amounts falling due within one year
 6 
(64,390)
(53,727)

Net current assets
  
 
 
653
 
 
1,648

Total assets less current liabilities
  
1,874
2,880

Provisions for liabilities
  

Deferred tax
 7 
(232)
(234)

Net assets
  
1,642
2,646


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,542
2,546

  
1,642
2,646


Page 1

 
SEAFLOOR MAPPING LIMITED
REGISTERED NUMBER: 04623762

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 April 2025.



................................................
M D Crookes
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SEAFLOOR MAPPING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Seafloor Mapping Limited is a private company, limited by shares, domiciled in England and Wales, with a company registration number 04623762.  The registered office is 17 Barn Piece Close, Salhouse, Norwich, Norfolk, NR13 6RT.
The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements do not contain any adjustments that would be required if the company were not able to continue as a going concern. 

 
2.3

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.  The following criteria must also be met before revenue is recognised:
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
 - the amount of revenue can be measured reliably;
 - it is probable that the Company will receive the consideration due under the contract;
 - the stage of completion of the contract at the end of the reporting period can be measured reliably; and
 - the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
SEAFLOOR MAPPING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant & equipment
-
25%
reducing balance
Fixtures & fittings
-
25%
reducing balance
Computer equipment
-
33%
straight line

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
SEAFLOOR MAPPING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Plant & equipment
Fixtures & fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
6,945
988
3,151
11,084


Additions
-
333
53
386



At 31 December 2024

6,945
1,321
3,204
11,470



Depreciation


At 1 January 2024
5,962
796
3,094
9,852


Charge for the year on owned assets
246
86
65
397



At 31 December 2024

6,208
882
3,159
10,249



Net book value



At 31 December 2024
737
439
45
1,221



At 31 December 2023
983
192
57
1,232

Page 5

 
SEAFLOOR MAPPING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Prepayments and accrued income
3,912
5,906



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
9,149
7,800

Other taxation and social security
4,393
4,054

Other creditors
43,008
37,573

Accruals and deferred income
7,840
4,300

64,390
53,727


Page 6

 
SEAFLOOR MAPPING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Deferred taxation




2024


£






At beginning of year
234


Charged to profit or loss
(2)



At end of year
232

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
232
234


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) ordinary shares of £1.00 each
100
100



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,000 (2023 - £12,000). No contributions (2023 - £Nil) were payable to the fund at the balance sheet date.


Page 7