Acorah Software Products - Accounts Production 16.7.461 false true 31 July 2024 31 July 2023 false 1 August 2024 31 July 2025 31 July 2025 SC777446 Mr William Chilton William Chilton true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC777446 2024-07-31 SC777446 2025-07-31 SC777446 2024-08-01 2025-07-31 SC777446 frs-core:CurrentFinancialInstruments 2025-07-31 SC777446 frs-core:MotorVehicles 2025-07-31 SC777446 frs-core:MotorVehicles 2024-08-01 2025-07-31 SC777446 frs-core:MotorVehicles 2024-07-31 SC777446 frs-core:PlantMachinery 2025-07-31 SC777446 frs-core:PlantMachinery 2024-08-01 2025-07-31 SC777446 frs-core:PlantMachinery 2024-07-31 SC777446 frs-core:ShareCapital 2025-07-31 SC777446 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 SC777446 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 SC777446 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 SC777446 frs-bus:SmallEntities 2024-08-01 2025-07-31 SC777446 frs-bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 SC777446 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 SC777446 1 2024-08-01 2025-07-31 SC777446 frs-bus:Director1 2024-08-01 2025-07-31 SC777446 frs-bus:Director1 2024-07-31 SC777446 frs-bus:Director1 2025-07-31 SC777446 frs-countries:Scotland 2024-08-01 2025-07-31 SC777446 2023-07-30 SC777446 2024-07-31 SC777446 2023-07-31 2024-07-31 SC777446 frs-core:CurrentFinancialInstruments 2024-07-31 SC777446 frs-core:ShareCapital 2024-07-31 SC777446 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: SC777446
Offshore Subsea Services Ltd
Financial Statements
For The Year Ended 31 July 2025
Gillespie's Fife
Contents
Page
Accountants' Report 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Offshore Subsea Services Ltd for the year ended 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Offshore Subsea Services Ltd for the year ended 31 July 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Offshore Subsea Services Ltd , as a body, in accordance with the terms of our engagement letter dated 22 August 2023. Our work has been undertaken solely to prepare for your approval the accounts of Offshore Subsea Services Ltd and state those matters that we have agreed to state to the director of Offshore Subsea Services Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Offshore Subsea Services Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Offshore Subsea Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Offshore Subsea Services Ltd . You consider that Offshore Subsea Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Offshore Subsea 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 financial statements.
5th December 2025
Gillespie's Fife
Accountants
Fric Ajax Way
Methil
Leven
KY8 3RS
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Balance Sheet
Registered number: SC777446
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,124 21,462
16,124 21,462
CURRENT ASSETS
Debtors 5 11,298 254
Cash at bank and in hand 1,082 15,230
12,380 15,484
Creditors: Amounts Falling Due Within One Year 6 (3,666 ) (20,524 )
NET CURRENT ASSETS (LIABILITIES) 8,714 (5,040 )
TOTAL ASSETS LESS CURRENT LIABILITIES 24,838 16,422
NET ASSETS 24,838 16,422
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 24,738 16,322
SHAREHOLDERS' FUNDS 24,838 16,422
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr William Chilton
Director
5th December 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Offshore Subsea Services Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC777446 . The registered office is 33 Darochville Place, Inverness, IV2 6FG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
2.4. Taxation
Corporation tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when it is related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 August 2024 700 27,870 28,570
As at 31 July 2025 700 27,870 28,570
Depreciation
As at 1 August 2024 140 6,968 7,108
Provided during the period 112 5,226 5,338
As at 31 July 2025 252 12,194 12,446
Net Book Value
As at 31 July 2025 448 15,676 16,124
As at 1 August 2024 560 20,902 21,462
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,475 -
Prepayments and accrued income - 254
Director's loan account 7,823 -
11,298 254
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 2,406 4,324
Accruals and deferred income 1,260 1,200
Director's loan account - 15,000
3,666 20,524
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors/Creditors are the following loans (to)/from directors:
As at 1 August 2024 Amounts advanced Amounts repaid Amounts written off As at 31 July 2025
£ £ £ £ £
Mr William Chilton 15,000 225 (23,068 ) - (7,823 )
The above loan is unsecured, interest free and repayable on demand.
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9. Dividends
Dividends of £7,850 were declared on 27 November 2025.
10. Ultimate Controlling Party
The company's ultimate controlling party is William Chilton by virtue of his ownership of 51% of the issued share capital in the company.
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