REGISTERED NUMBER: 09989398 (England and Wales)

Audited Financial Statements for the Year Ended 31st December 2025

for

Oceanic Systems (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J P Holland

REGISTERED OFFICE:

Broadmead House

Bellingham Way

Aylesford

Kent

ME20 6XS

REGISTERED NUMBER:

09989398 (England and Wales)

AUDITORS:

Beak Kemmenoe

Chartered Accountants

& Statutory Auditors

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Intangible assets

4

273,501

348,297

Tangible assets

5

7,955

17,963

281,456

366,260

CURRENT ASSETS

Stocks

49,421

469,883

Debtors

6

759,965

330,978

Cash at bank and in hand

21,490

55,020

830,876

855,881

CREDITORS

Amounts falling due within one year

7

95,002

111,960

NET CURRENT ASSETS

735,874

743,921

TOTAL ASSETS LESS CURRENT LIABILITIES

1,017,330

1,110,181

PROVISIONS FOR LIABILITIES

70,341

91,565

NET ASSETS

946,989

1,018,616

CAPITAL AND RESERVES

Called up share capital

9

113

113

Share premium

10

49,988

49,988

Retained earnings

10

896,888

968,515

SHAREHOLDERS' FUNDS

946,989

1,018,616

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th September 2026 and were signed by:

J P Holland - Director

1.	STATUTORY INFORMATION

Oceanic Systems (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2025

and 31st December 2025

747,960

AMORTISATION

At 1st January 2025

399,663

Charge for year

74,796

At 31st December 2025

474,459

NET BOOK VALUE

At 31st December 2025

273,501

At 31st December 2024

348,297

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2025

88,317

Additions

9,117

Disposals

(46,998

)

At 31st December 2025

50,436

DEPRECIATION

At 1st January 2025

70,354

Charge for year

12,293

Eliminated on disposal

(40,166

)

At 31st December 2025

42,481

NET BOOK VALUE

At 31st December 2025

7,955

At 31st December 2024

17,963

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

58,546

Amounts owed by group undertakings

738,333

243,074

Other debtors and prepayments

21,632

29,358

759,965

330,978

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

10,560

6,169

Corporation tax

5,186

12,331

Social security and other taxes

47,841

9,964

Other creditors and accruals

31,415

83,496

95,002

111,960

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

13,021

-

Between one and five years

-

44,271

13,021

44,271

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,125

Ordinary

10p

113

113

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1st January 2025

968,515

49,988

1,018,503

Deficit for the year

(71,627

)

(71,627

)

At 31st December 2025

896,888

49,988

946,876

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ronald D Price FCA (Senior Statutory Auditor)

for and on behalf of Beak Kemmenoe