Offshore Water Management Ltd - Accounts to registrar (filleted) - small 18.2

Offshore Water Management Ltd - Accounts to registrar (filleted) - small 18.2

OFFSHORE WATER MANAGEMENT LTD - Company Information

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IRIS Accounts Production v19.3.0.619 SC346192 Board of Directors 1.10.18 30.9.19 30.9.19 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3461922018-09-30SC3461922019-09-30SC3461922018-10-012019-09-30SC3461922017-09-30SC3461922017-10-012018-09-30SC3461922018-09-30SC346192ns15:Scotland2018-10-012019-09-30SC346192ns14:PoundSterling2018-10-012019-09-30SC346192ns10:Director12018-10-012019-09-30SC346192ns10:PrivateLimitedCompanyLtd2018-10-012019-09-30SC346192ns10:SmallEntities2018-10-012019-09-30SC346192ns10:AuditExemptWithAccountantsReport2018-10-012019-09-30SC346192ns10:SmallCompaniesRegimeForDirectorsReport2018-10-012019-09-30SC346192ns10:SmallCompaniesRegimeForAccounts2018-10-012019-09-30SC346192ns10:FullAccounts2018-10-012019-09-30SC346192ns10:Director22018-10-012019-09-30SC346192ns10:CompanySecretary12018-10-012019-09-30SC346192ns10:RegisteredOffice2018-10-012019-09-30SC346192ns5:CurrentFinancialInstruments2019-09-30SC346192ns5:CurrentFinancialInstruments2018-09-30SC346192ns5:ShareCapital2019-09-30SC346192ns5:ShareCapital2018-09-30SC346192ns5:RetainedEarningsAccumulatedLosses2019-09-30SC346192ns5:RetainedEarningsAccumulatedLosses2018-09-30SC346192ns5:PlantMachinery2018-10-012019-09-30SC346192ns5:PlantMachinery2018-09-30SC346192ns5:PlantMachinery2019-09-30SC346192ns5:PlantMachinery2018-09-30SC346192ns5:CostValuation2018-09-30SC346192ns5:AdditionsToInvestments2019-09-30SC346192ns5:CostValuation2019-09-30SC346192ns5:CurrentFinancialInstrumentsns5:WithinOneYear2019-09-30SC346192ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-09-30


REGISTERED NUMBER: SC346192 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

OFFSHORE WATER MANAGEMENT LTD
OFFSHORE WATER MANAGEMENT LTD (REGISTERED NUMBER: SC346192)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

OFFSHORE WATER MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019







DIRECTORS: Mr Russell Ben Caldwell
Mrs Sarah Anne Caldwell





SECRETARY: Mrs Sarah Anne Caldwell





REGISTERED OFFICE: Mill Lade House Easter Ord
Skene
Westhill
Aberdeenshire
AB32 6SQ





REGISTERED NUMBER: SC346192 (Scotland)





ACCOUNTANTS: D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW
Page 1
OFFSHORE WATER MANAGEMENT LTD (REGISTERED NUMBER: SC346192)

BALANCE SHEET
30 SEPTEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,900 10,384
Investments 5 6 5
18,906 10,389

CURRENT ASSETS
Debtors 6 330,237 254,494
Cash at bank and in hand 183,666 83,676
513,903 338,170
CREDITORS
Amounts falling due within one year 7 478,120 322,920
NET CURRENT ASSETS 35,783 15,250
TOTAL ASSETS LESS CURRENT
LIABILITIES
54,689
25,639

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 54,589 25,539
SHAREHOLDERS' FUNDS 54,689 25,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 notes form part of these financial statements

Page 2 continued...
OFFSHORE WATER MANAGEMENT LTD (REGISTERED NUMBER: SC346192)

BALANCE SHEET - continued
30 SEPTEMBER 2019


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 Board of Directors on 22 November 2019 and were signed on its behalf
by:





Mr Russell Ben Caldwell - Director


The notes form part of these financial statements

Page 3
OFFSHORE WATER MANAGEMENT LTD (REGISTERED NUMBER: SC346192)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019


1. STATUTORY INFORMATION

Offshore Water Management 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.

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.

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 - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 10 (2018 - 9 ) .

Page 4 continued...
OFFSHORE WATER MANAGEMENT LTD (REGISTERED NUMBER: SC346192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2018 22,994
Additions 17,828
Disposals (10,475 )
At 30 September 2019 30,347
DEPRECIATION
At 1 October 2018 12,610
Charge for year 4,783
Eliminated on disposal (5,946 )
At 30 September 2019 11,447
NET BOOK VALUE
At 30 September 2019 18,900
At 30 September 2018 10,384

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 October 2018 - 5 5
Additions 1 - 1
At 30 September 2019 1 5 6
NET BOOK VALUE
At 30 September 2019 1 5 6
At 30 September 2018 - 5 5

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 308,210 250,009
Other debtors 22,027 4,485
330,237 254,494

Page 5 continued...
OFFSHORE WATER MANAGEMENT LTD (REGISTERED NUMBER: SC346192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 72,801 74,032
Taxation and social security 300,759 232,087
Other creditors 104,560 16,801
478,120 322,920

8. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is the directors by virtue of their office and shareholding.

Page 6
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OFFSHORE WATER MANAGEMENT LTD


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 Offshore Water Management Ltd for the year ended 30 September 2019 which comprise the
Income Statement, 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Offshore Water Management 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 Offshore Water Management Ltd and state those matters that we have agreed to state to the Board of Directors of Offshore Water Management Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. 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 Offshore Water Management 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 profit of Offshore Water Management Ltd. You consider that Offshore Water Management 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 Offshore Water Management 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.






D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW


22 November 2019

This page does not form part of the statutory financial statements

Page 7