BizStats
You are here: bizstats.co.uk > a-z index > O list > OC list > OCE list > OCEA list

Ocean Kinetics Limited SHETLAND

Ocean Kinetics started in year 1997 as Private Limited Company with registration number SC171923. The Ocean Kinetics company has been functioning successfully for 27 years now and its status is active. The firm's office is based in Shetland at Ocean Kinetics Limited Port Business Park. Postal code: ZE1 0TW.

Currently there are 3 directors in the the company, namely Sharon S., Michael B. and John H.. In addition one secretary - Lorraine H. - is with the firm. As of 15 May 2024, there was 1 ex director - Michael F.. There were no ex secretaries.

This company operates within the ZE1 0TW postal code. The company is dealing with transport and has been registered as such. Its registration number is OM0038716 . It is located at Ocean Kinetics, Port Business Park, Shetland with a total of 2 cars.

Ocean Kinetics Limited Address / Contact

Office Address Ocean Kinetics Limited Port Business Park
Office Address2 Gremista, Lerwick
Town Shetland
Post code ZE1 0TW
Country of origin United Kingdom

Company Information / Profile

Registration Number SC171923
Date of Incorporation Thu, 30th Jan 1997
Industry Manufacture of metal structures and parts of structures
End of financial Year 31st December
Company age 27 years old
Account next due date Mon, 30th Sep 2024 (138 days left)
Account last made up date Sat, 31st Dec 2022
Next confirmation statement due date Wed, 5th Jun 2024 (2024-06-05)
Last confirmation statement dated Mon, 22nd May 2023

Company staff

Sharon S.

Position: Director

Appointed: 10 February 2015

Michael B.

Position: Director

Appointed: 10 February 2015

Lorraine H.

Position: Secretary

Appointed: 30 January 1997

John H.

Position: Director

Appointed: 30 January 1997

Michael F.

Position: Director

Appointed: 20 March 2015

Resigned: 20 September 2021

People with significant control

The list of persons with significant control that own or have control over the company consists of 1 name. As we established, there is John H. The abovementioned PSC has 50,01-75% voting rights and has 50,01-75% shares.

John H.

Notified on 6 April 2016
Nature of control: 50,01-75% shares
50,01-75% voting rights

Annual reports financial information

Profit & Loss
Accounts Information Date 2018-12-312019-12-312020-12-312021-12-312022-12-31
Balance Sheet
Cash Bank On Hand7 19211 323682 557131 97313 464
Current Assets3 648 1993 887 8684 406 7325 461 6005 925 854
Debtors3 051 0933 244 6163 050 5234 524 0934 463 029
Net Assets Liabilities3 728 8443 987 9504 104 6125 914 2376 626 934
Other Debtors38 450203 12895 20470 81564 614
Property Plant Equipment4 689 8374 975 7235 167 3975 845 0176 543 617
Total Inventories589 914631 929673 652805 5341 449 361
Other
Audit Fees Expenses9 5009 50013 00013 50015 000
Amount Specific Advance Or Credit Directors2 441240 823141 706194 201324 590
Amount Specific Advance Or Credit Made In Period Directors244 747343 264283 295275 595202 477
Amount Specific Advance Or Credit Repaid In Period Directors247 312100 000382 412223 100721 268
Company Contributions To Money Purchase Plans Directors69 20380 19623 612101 18362 424
Director Remuneration240 810235 141247 674207 364146 025
Number Directors Accruing Benefits Under Money Purchase Scheme44443
Accrued Liabilities Deferred Income259 864159 837948 044301 599290 577
Accumulated Depreciation Impairment Property Plant Equipment2 270 5922 128 7952 361 5662 723 3483 145 297
Additional Provisions Increase From New Provisions Recognised  -177 313  
Administrative Expenses2 117 0922 490 0012 432 7432 830 1003 347 624
Amounts Owed By Directors 240 823141 706  
Amounts Owed By Group Undertakings33 401    
Amounts Owed To Directors2 442    
Amounts Recoverable On Contracts1 006 257702 964779 6481 703 7981 316 669
Applicable Tax Rate1919191919
Average Number Employees During Period6770646874
Bank Borrowings1 276 9041 182 664128 452255 072290 548
Bank Borrowings Overdrafts1 180 3011 082 3001 754 7731 513 5971 515 661
Bank Overdrafts197 782539 095  260 997
Cash Cash Equivalents Cash Flow Value-190 590-527 772682 557131 973-247 533
Cash Receipts From Government Grants  -425 182-35 562-53 377
Comprehensive Income Expense444 688471 106631 5532 197 7251 586 697
Corporation Tax Payable 78 267   
Corporation Tax Recoverable198 000213 300162 80127 05232 213
Cost Sales6 535 5655 584 0217 045 2817 542 9487 577 772
Creditors2 131 3252 254 4722 732 6422 558 3242 437 849
Current Tax For Period-198 000-213 300 -11 900 
Deferred Tax Asset Debtors  18 059  
Deferred Tax Liabilities90 334159 254   
Depreciation Amortisation Expense272 973313 212310 111385 741484 602
Depreciation Expense Property Plant Equipment272 972313 215310 111385 742484 601
Disposals Decrease In Depreciation Impairment Property Plant Equipment 455 01277 34023 96062 652
Disposals Property Plant Equipment 526 810112 13630 68689 706
Dividends Paid316 700212 000514 891388 100874 000
Dividends Paid Classified As Financing Activities-316 700-212 000-514 891-388 100-874 000
Dividends Paid On Shares316 700212 000514 891388 100874 000
Dividends Paid On Shares Interim2 0003 5002 0005 0002 000
Finance Lease Liabilities Present Value Total172 811230 359194 334166 026129 896
Fixed Assets4 689 8384 975 723 5 845 0176 543 917
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities201 669160 87022 9599 58873 223
Further Item Cash Flow From Used In Operating Activities Component Total Net Cash Flows From Used In Operating Activities264 578198 321 137 154 
Further Item Debtors Component Total Debtors9 78234 41056 264  
Further Item Interest Expense Component Total Interest Expense629-41  16
Further Item Loans Advances Granted To Related Parties Classified As Financing Activities Component Corresponding Total-244 746-337 865-283 295  
Further Item Proceeds From Loans Advances To Related Parties Classified As Financing Activities Component Corresponding Total-247 312-94 600-382 412  
Further Item Proceeds From Sales Other Long-term Assets Classified As Investing Activities Component Corresponding Total -35 377   
Further Item Tax Increase Decrease Component Adjusting Items1 1097861 540  
Further Operating Expense Item Component Total Operating Expenses-22 218-36 181-50 564-48 514-71 351
Future Minimum Lease Payments Under Non-cancellable Operating Leases15 44619 34021 20211 51226 127
Gain Loss Before Tax On Sale Discontinued Operations  -735 000187 612 
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss1 730-5 312-1 044-2 602106
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables308 641-379 643902 729-197 799-90 609
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables-680 634140 86962 536-1 557 822-127 976
Gain Loss On Disposal Assets Income Statement Subtotal23 78574 128-13 796774-27 054
Gain Loss On Disposals Property Plant Equipment23 78574 128-13 796774-27 054
Government Grants Payable778 213941 813903 463881 642871 009
Gross Profit Loss2 447 6012 891 5973 640 1715 014 9885 020 696
Income Taxes Paid Refund Classified As Operating Activities  -32 213 -5 147
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation-154 586-337 1821 210 329-550 584-379 506
Increase Decrease In Current Tax From Adjustment For Prior Periods2 306-3214 445-6 566-14
Increase Decrease In Stocks Inventories Finished Goods Work In Progress38 25842 01541 723131 882643 827
Increase From Depreciation Charge For Year Property Plant Equipment 313 215310 111385 742484 601
Interest Expense On Bank Loans Similar Borrowings41 49543 24337 88734 54579 960
Interest Expense On Bank Overdrafts11 40422 3017 682 6 681
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts8 62815 08815 17412 6016 979
Interest Paid Classified As Operating Activities-53 528-65 503-45 569-34 545-86 657
Interest Payable Similar Charges Finance Costs62 15680 59160 74347 14693 636
Investments Fixed Assets1   300
Investments In Group Undertakings1-1   
Investments In Joint Ventures    300
Net Assets Liabilities Subsidiaries67 881    
Net Cash Flows From Used In Financing Activities-155 540295 231-477 171454 352392 484
Net Cash Flows From Used In Investing Activities688 894524 972515 5811 062 5391 210 555
Net Cash Flows From Used In Operating Activities-378 768-483 021-1 626 921-966 307-1 223 533
Net Cash Generated From Operations-176 346-365 291-1 719 877-876 299-1 322 316
Net Current Assets Liabilities1 260 6651 425 9531 669 8572 797 5262 736 978
Net Interest Received Paid Classified As Investing Activities   -49 
Number Shares Issued Fully Paid 200200200200
Operating Profit Loss337 409406 9961 254 4282 226 7851 726 449
Other Creditors23 06919 71623 01620 48132 411
Other Deferred Tax Expense Credit26 25968 920-177 313188 04146 130
Other Interest Receivable Similar Income Finance Income   49 
Other Operating Income Format16 9005 400425 18241 89753 377
Other Remaining Borrowings11 855  7 8247 824
Other Taxation Social Security Payable83 55275 91484 67699 28398 274
Par Value Share 1111
Payments Finance Lease Liabilities Classified As Financing Activities83 081105 260-208 757-279 303-170 189
Payments Received On Account62 95354 080112 038123 297658 786
Pension Other Post-employment Benefit Costs Other Pension Costs131 455219 702126 129226 564203 402
Prepayments Accrued Income402 674138 355259 867161 480258 799
Proceeds From Borrowings Classified As Financing Activities-650 000 -750 000-23 500-835 000
Proceeds From Sales Property Plant Equipment-158 000-110 550-21 000-7 500 
Profit Loss444 688471 106631 5532 197 7251 586 697
Profit Loss On Ordinary Activities Before Tax275 253326 405458 6852 367 3001 632 813
Profit Loss Subsidiaries-27 997    
Property Plant Equipment Gross Cost6 960 4297 104 5187 528 9638 568 3659 688 914
Provisions90 334159 254-18 059169 982216 112
Provisions For Liabilities Balance Sheet Subtotal90 334159 254 169 982216 112
Purchase Property Plant Equipment-846 894-670 899-536 581-1 070 088-1 210 255
Raw Materials578 033605 302613 964736 3291 224 157
Repayments Borrowings Classified As Financing Activities-465 076-106 096-49 439-117 192-805 285
Revenue From Rendering Services 681 929473 106  
Social Security Costs272 945283 529265 804323 676367 686
Staff Costs Employee Benefits Expense2 977 9313 093 2552 966 8223 344 3703 727 419
Tax Decrease From Utilisation Tax Losses-253 673-302 966-202 62077 0122 979
Tax Decrease Increase From Effect Tax Incentives285 397300 837233 104  
Tax Expense Credit Applicable Tax Rate52 29862 01787 150449 787310 234
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit-198 000-213 300   
Tax Increase Decrease From Effect Capital Allowances Depreciation-24 668-69 547-59 489-120 499-54 813
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss2 9853 7271 2837527 627
Tax Increase Decrease From Other Tax Effects Tax Reconciliation26 25968 920-177 313  
Tax Tax Credit On Profit Or Loss On Ordinary Activities-169 435-144 701-172 868169 57546 116
Total Additions Including From Business Combinations Property Plant Equipment 670 899536 5811 070 0881 210 255
Total Assets Less Current Liabilities5 950 5036 401 6766 837 2548 642 5439 280 895
Total Borrowings1 486 5411 721 759128 452262 896559 369
Total Current Tax Expense Credit-195 694-213 6214 445-18 466-14
Total Operating Lease Payments120 414220 108208 709237 337269 134
Trade Creditors Trade Payables1 245 044864 649720 5471 266 400822 935
Trade Debtors Trade Receivables1 329 2231 672 7531 536 9742 300 7042 732 603
Turnover Revenue8 983 1668 475 61810 477 75912 557 93612 598 468
Value-added Tax Payable189 448310 090483 123  
Wages Salaries2 573 5312 590 0242 196 7082 794 1303 156 331
Work In Progress11 88126 62759 68869 205225 204

Transport Operator Data

Ocean Kinetics
Address Port Business Park , Gremista , Lerwick
City Shetland
Post code ZE1 0TW
Vehicles 2

Company filings

Filing category
Accounts Address Annual return Auditors Capital Confirmation statement Incorporation Mortgage Officers Resolution
Full accounts data made up to Saturday 31st December 2022
filed on: 27th, September 2023 		Free Download (31 pages)

Company search

Advertisements

Companies nearby

© bizstats.co.uk 2024.

Terms of Use and Privacy Policy
Contains public sector information licensed under the Open Government Licence v2.0.

Contact us

Email: info@bizstats.co.uk
All the information provided is derived from publicly available records. Unintentional errors are possible - bizstats.co.uk is not responsible for how accurate or up to date the data is. You use the information provided at your own risk.