BLUE OCEAN MONITORING LIMITED

BLUE OCEAN MONITORING LIMITED

BLUE OCEAN MONITORING LIMITED - Company Information

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BLUE OCEAN MONITORING LIMITED

Company Registration Number:
09412721 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2020

Period of accounts

Start date: 01 July 2019

End date: 30 June 2020

BLUE OCEAN MONITORING LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2020

Balance sheet
Notes

BLUE OCEAN MONITORING LIMITED

Balance sheet

As at 30 June 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 3,201 21,980
Total fixed assets: 3,201 21,980
Current assets
Debtors:   0 11,860
Cash at bank and in hand: 2,592 3,374
Total current assets: 2,592 15,234
Creditors: amounts falling due within one year:   (15,968) (24,196)
Net current assets (liabilities): (13,376) (8,962)
Total assets less current liabilities: (10,175) 13,018
Creditors: amounts falling due after more than one year:   (880,641) (717,034)
Provision for liabilities: (11,989) (26,714)
Total net assets (liabilities): (902,805) (730,730)
Capital and reserves
Called up share capital: 10 10
Profit and loss account: (902,815) (730,740)
Shareholders funds: (902,805) (730,730)

The notes form part of these financial statements

BLUE OCEAN MONITORING LIMITED

Balance sheet statements

For the year ending 30 June 2020 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 April 2021
and signed on behalf of the board by:

Name: Simon Illingworth
Status: Director

The notes form part of these financial statements

BLUE OCEAN MONITORING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. These financial statements for the eighteen months ended 30 June 2020 are prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

BLUE OCEAN MONITORING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

2. Employees

2020 2019
Average number of employees during the period 4 5

BLUE OCEAN MONITORING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

3. Tangible Assets

Total
Cost £
At 01 July 2019 84,614
Additions 758
At 30 June 2020 85,372
Depreciation
At 01 July 2019 62,634
Charge for year 19,537
At 30 June 2020 82,171
Net book value
At 30 June 2020 3,201
At 30 June 2019 21,980

BLUE OCEAN MONITORING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

4. Financial commitments

The Company has no outstanding guarantees or financial commitments at 30 June 2020.

BLUE OCEAN MONITORING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

5. Loans to directors

During the year the Company did not provide advances, credit or guarantees to, or on behalf of, a Director.