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Company registration number: SC131730
Oban Port Users Ltd
Trading as Oban Port Users Ltd
Unaudited filleted financial statements
31 December 2024
Oban Port Users Ltd
Contents
Accountants report
Statement of financial position and notes to the financial statements
Oban Port Users Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Oban Port Users Ltd
Year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oban Port Users Ltd for the year ended 31 December 2024 as set out on pages 4 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Oban Port Users Ltd, as a body, in accordance with the terms of our engagement letter dated 30 March 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Oban Port Users Ltd and state those matters that we have agreed to state to the board of directors of Oban Port Users Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Oban Port Users Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Oban Port Users Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Oban Port Users Ltd. You consider that Oban Port Users Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Oban Port Users Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Simmers & Co
Chartered Accountants
Albany Chambers
Albany Street
Oban
PA34 4AL
14 March 2025
Oban Port Users Ltd
Statement of financial position
31 December 2024
2024 2023
£ £ £ £
Fixed assets 3,941 6,676
_______ _______
Current assets 201,992 175,872
Prepayments and accrued income 7,047 7,182
_______ _______
209,039 183,054
Creditors: amounts falling due within one year ( 35,015) ( 17,231)
_______ _______
Net current assets 174,024 165,823
_______ _______
Total assets less current liabilities 177,965 172,499
Creditors: amounts falling due after more than one year ( 8,667) ( 16,667)
Provisions for liabilities ( 8,185) ( 9,094)
Accruals and deferred income ( 18,632) ( 20,355)
_______ _______
Net assets 142,481 126,383
_______ _______
Capital and reserves 142,481 126,383
_______ _______
Notes to the financial statements
Oban Port Users Ltd
Year ended 31 December 2024
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
2. Contingent assets and liabilities
The directors believe that new ice factory has not been fully charged for utilities since it was set up. Discussions have taken place with the relevant suppliers and other interested parties but there has been no movement towards settling the matter. As the directors have little idea as to the final outcome or to the amount involved, an estimated provision has been made in these accounts to cover the liability for the year.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 14 March 2025 , and are signed on behalf of the board by:
Mr Peter Tosh Mr Paul Knight
Director Director
Company registration number: SC131730
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Oban Port Users Ltd, South Pier, Oban, PA34 4LS.