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Company Registration No. 07231795 (England and Wales)
Olsen Subsea Controls Ltd. Unaudited accounts for the year ended 31 March 2026
Olsen Subsea Controls Ltd. Unaudited accounts Contents
Page
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Olsen Subsea Controls Ltd. Company Information for the year ended 31 March 2026
Director
Piers Olsen
Company Number
07231795 (England and Wales)
Registered Office
The Innovation Centre, Sci-Tech Daresbury Keckwick Lane Warrington WA4 4FS United Kingdom
Accountants
Townley & Co Limited Warrington Business Centre 67 Bewsey Street Warrington WA2 7JQ
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Olsen Subsea Controls Ltd. Statement of financial position as at 31 March 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Intangible assets
1 
17,951 
Current assets
Inventories
36,800 
41,415 
Debtors
33,557 
- 
Cash at bank and in hand
13,775 
3,118 
84,132 
44,533 
Creditors: amounts falling due within one year
(12,013)
(9,889)
Net current assets
72,119 
34,644 
Net assets
72,120 
52,595 
Capital and reserves
Called up share capital
116 
116 
Profit and loss account
72,004 
52,479 
Shareholders' funds
72,120 
52,595 
For the year ending 31 March 2026 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 19 August 2026 and were signed on its behalf by
Piers Olsen Director Company Registration No. 07231795
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Olsen Subsea Controls Ltd. Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Olsen Subsea Controls Ltd. is a private company, limited by shares, registered in England and Wales, registration number 07231795. The registered office is The Innovation Centre, Sci-Tech, Daresbury, Keckwick Lane, Warrington, WA4 4FS, 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 year, 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2025
89,758 
At 31 March 2026
89,758 
Amortisation
At 1 April 2025
71,807 
Charge for the year
17,950 
At 31 March 2026
89,757 
Net book value
At 31 March 2026
1 
At 31 March 2025
17,951 
5
Debtors
2026 
2025 
£ 
£ 
Amounts falling due within one year
VAT
33,557 
- 
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Olsen Subsea Controls Ltd. Notes to the Accounts for the year ended 31 March 2026
6
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
Taxes and social security
124 
- 
Other creditors
11,889 
9,889 
12,013 
9,889 
7
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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