IRIS Accounts Production v25.3.0.601 SC470805 Board of Directors 1.3.24 28.2.25 28.2.25 0 0 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC470805 2024-02-29 SC470805 2025-02-28 SC470805 2024-03-01 2025-02-28 SC470805 2023-02-28 SC470805 2023-03-01 2024-02-29 SC470805 2024-02-29 SC470805 ns15:Scotland 2024-03-01 2025-02-28 SC470805 ns14:PoundSterling 2024-03-01 2025-02-28 SC470805 ns10:Director1 2024-03-01 2025-02-28 SC470805 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 SC470805 ns10:SmallEntities 2024-03-01 2025-02-28 SC470805 ns10:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 SC470805 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 SC470805 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 SC470805 ns10:FullAccounts 2024-03-01 2025-02-28 SC470805 ns10:Director2 2024-03-01 2025-02-28 SC470805 ns10:RegisteredOffice 2024-03-01 2025-02-28 SC470805 ns5:CurrentFinancialInstruments 2025-02-28 SC470805 ns5:CurrentFinancialInstruments 2024-02-29 SC470805 ns5:ShareCapital 2025-02-28 SC470805 ns5:ShareCapital 2024-02-29 SC470805 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 SC470805 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 SC470805 ns5:ComputerEquipment 2024-03-01 2025-02-28 SC470805 ns5:ComputerEquipment 2024-02-29 SC470805 ns5:ComputerEquipment 2025-02-28 SC470805 ns5:ComputerEquipment 2024-02-29 SC470805 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 SC470805 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29

REGISTERED NUMBER: SC470805 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025

FOR

OCEANOGRAPHIC TECHNICAL SERVICES LTD

OCEANOGRAPHIC TECHNICAL SERVICES LTD (REGISTERED NUMBER: SC470805) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Chartered Certified Accountants' Report | 5 |

| OCEANOGRAPHIC TECHNICAL SERVICES LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 28TH FEBRUARY 2025

| DIRECTORS: | D N Lumsden

| Mrs N J Lumsden

| REGISTERED OFFICE: | 8 Hobshill Close

| Hatton

| Peterhead

| Aberdeenshire

| AB42 0TU

| REGISTERED NUMBER: | SC470805 (Scotland)

| ACCOUNTANTS: | Goldwells Ltd

| Goldwells House

| Grange Road

| Peterhead

| Aberdeenshire

| AB42 1WN

OCEANOGRAPHIC TECHNICAL SERVICES LTD (REGISTERED NUMBER: SC470805) |

BALANCE SHEET

28TH FEBRUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 272 |  | 362 |  |

CURRENT ASSETS

Debtors | 5 | - |  | 811 |  |

Cash at bank | 1,088 |  | 1,234 |  |

1,088 |  | 2,045 |  |

CREDITORS

Amounts falling due within one year | 6 | 6,101 |  | 5,789 |  |

NET CURRENT LIABILITIES | (5,013 | ) | (3,744 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (4,741 | ) | (3,382 | ) |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | (4,841 | ) | (3,482 | ) |

(4,741 | ) | (3,382 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th October 2025 and were signed on its behalf by:

D N Lumsden - Director

OCEANOGRAPHIC TECHNICAL SERVICES LTD (REGISTERED NUMBER: SC470805) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

1. | STATUTORY INFORMATION

| Oceanographic Technical Services Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Computer equipment | - | 25% on cost

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2024 - NIL).

4. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1st March 2024

| and 28th February 2025 | 504 |  |

| DEPRECIATION

| At 1st March 2024 | 142 |  |

| Charge for year | 90 |  |

| At 28th February 2025 | 232 |  |

| NET BOOK VALUE

| At 28th February 2025 | 272 |  |

| At 29th February 2024 | 362 |  |

OCEANOGRAPHIC TECHNICAL SERVICES LTD (REGISTERED NUMBER: SC470805) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28TH FEBRUARY 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | - |  | 754 |  |

| VAT | - |  | 57 |  |

- |  | 811 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Directors' current accounts | 6,101 |  | 5,789 |  |

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

OCEANOGRAPHIC TECHNICAL SERVICES LTD (REGISTERED NUMBER: SC470805)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Oceanographic Technical Services Ltd for the year ended 28th February 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Oceanographic Technical Services Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Oceanographic Technical Services Ltd and state those matters that we have agreed to state to the Board of Directors of Oceanographic Technical Services Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Oceanographic Technical Services 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 loss of Oceanographic Technical Services Ltd. You consider that Oceanographic Technical Services 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 Oceanographic Technical Services 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.

Goldwells Ltd

Goldwells House

Grange Road

Peterhead

Aberdeenshire

AB42 1WN

8th October 2025