1 August 2024 false No description of principal activity Taxfiler 2024.6 08616504business:PrivateLimitedCompanyLtd2024-08-012025-03-31 086165042024-07-31 086165042024-08-012025-03-31 08616504business:AuditExempt-NoAccountantsReport2024-08-012025-03-31 08616504business:FilletedAccounts2024-08-012025-03-31 086165042025-03-31 08616504business:Director12024-08-012025-03-31 08616504business:RegisteredOffice2024-08-012025-03-31 086165042024-07-31 08616504core:WithinOneYear2025-03-31 08616504core:WithinOneYear2024-07-31 08616504core:AfterOneYear2025-03-31 08616504core:AfterOneYear2024-07-31 08616504core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 08616504core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 08616504core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 08616504core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 08616504core:PreviouslyStatedAmount2025-03-31 08616504core:PreviouslyStatedAmount2024-07-31 08616504business:SmallEntities2024-08-012025-03-31 08616504countries:EnglandWales2024-08-012025-03-31 08616504core:FurnitureFittings2024-08-012025-03-31 08616504core:ComputerEquipment2024-08-012025-03-31 08616504core:PlantMachinery2024-07-31 08616504core:FurnitureFittings2024-07-31 08616504core:ComputerEquipment2024-07-31 08616504core:PlantMachinery2024-08-012025-03-31 08616504core:PlantMachinery2025-03-31 08616504core:FurnitureFittings2025-03-31 08616504core:ComputerEquipment2025-03-31 086165042023-08-012024-07-31 iso4217:GBP xbrli:pure
Company Registration No. 08616504 (England and Wales)
OFFSHORE WORKFORCE LTD Unaudited accounts for the period from 1 August 2024 to 31 March 2025
OFFSHORE WORKFORCE LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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OFFSHORE WORKFORCE LTD Company Information for the period from 1 August 2024 to 31 March 2025
Director
Michael Scott
Company Number
08616504 (England and Wales)
Registered Office
22 RIDLEY PLACE NEWCASTLE UPON TYNE NE1 8JW UNITED KINGDOM
Accountants
Watson Syers Accountants Ltd Evolve Business Centre Cygnet Way, Rainton Bridge South Busines Houghton le Spring Tyne and Wear DH4 5QY
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OFFSHORE WORKFORCE LTD Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
102,546 
65,217 
Current assets
Debtors
5
703,435 
747,944 
Cash at bank and in hand
2,091 
1,120 
705,526 
749,064 
Creditors: amounts falling due within one year
6
(2,352)
(2,874)
Net current assets
703,174 
746,190 
Total assets less current liabilities
805,720 
811,407 
Creditors: amounts falling due after more than one year
7
(464,364)
(462,417)
Net assets
341,356 
348,990 
Capital and reserves
Called up share capital
75 
75 
Profit and loss account
341,281 
348,915 
Shareholders' funds
341,356 
348,990 
For the period ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 December 2025 and were signed on its behalf by
Michael Scott Director Company Registration No. 08616504
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OFFSHORE WORKFORCE LTD Notes to the Accounts for the period from 1 August 2024 to 31 March 2025
1
Statutory information
OFFSHORE WORKFORCE LTD is a private company, limited by shares, registered in England and Wales, registration number 08616504. The registered office is 22 RIDLEY PLACE, NEWCASTLE UPON TYNE, NE1 8JW, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% reducing balance
Computer equipment
10% reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2024
- 
76,243 
48,710 
124,953 
Additions
51,590 
- 
- 
51,590 
At 31 March 2025
51,590 
76,243 
48,710 
176,543 
Depreciation
At 1 August 2024
- 
34,169 
25,567 
59,736 
Charge for the period
7,739 
4,208 
2,314 
14,261 
At 31 March 2025
7,739 
38,377 
27,881 
73,997 
Net book value
At 31 March 2025
43,851 
37,866 
20,829 
102,546 
At 31 July 2024
- 
42,074 
23,143 
65,217 
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OFFSHORE WORKFORCE LTD Notes to the Accounts for the period from 1 August 2024 to 31 March 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
89 
- 
Trade debtors
720 
- 
809 
- 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
638,590 
683,908 
Other debtors
64,036 
64,036 
702,626 
747,944 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
2,240 
2,874 
Taxes and social security
112 
- 
2,352 
2,874 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Amounts owed to group undertakings and other participating interests
464,364 
462,417 
8
Average number of employees
During the period the average number of employees was 1 (2024: 1).
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