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REGISTERED NUMBER: 04846311 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2018

FOR

COMMERCIAL & SPECIALISED DIVING LIMITED

COMMERCIAL & SPECIALISED DIVING LIMITED (REGISTERED NUMBER: 04846311)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMMERCIAL & SPECIALISED DIVING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2018







DIRECTOR: P J Richards





SECRETARY: Mrs N D Richards





REGISTERED OFFICE: Units 7 & 8 Barnes Business Park
Barrack Road
Ferndown
Dorset
BH22 8UB





REGISTERED NUMBER: 04846311 (England and Wales)





ACCOUNTANTS: Elson Geaves Accountants
Chartered Certified Accountants
12 Haviland Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7RG

COMMERCIAL & SPECIALISED DIVING LIMITED (REGISTERED NUMBER: 04846311)

BALANCE SHEET
31 JULY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,875 2,250
Tangible assets 5 81,923 101,792
83,798 104,042

CURRENT ASSETS
Debtors 6 301,707 139,863
Prepayments and accrued income 16,806 7,813
Cash at bank and in hand 196,488 349,305
515,001 496,981
CREDITORS
Amounts falling due within one year 7 175,450 152,174
NET CURRENT ASSETS 339,551 344,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

423,349

448,849

CREDITORS
Amounts falling due after more than one
year

8

10,579

16,830
NET ASSETS 412,770 432,019

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 412,768 432,017
SHAREHOLDERS' FUNDS 412,770 432,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

COMMERCIAL & SPECIALISED DIVING LIMITED (REGISTERED NUMBER: 04846311)

BALANCE SHEET - continued
31 JULY 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 13 November 2018 and were signed by:





P J Richards - Director


COMMERCIAL & SPECIALISED DIVING LIMITED (REGISTERED NUMBER: 04846311)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018

1. STATUTORY INFORMATION

Commercial & Specialised Diving Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

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.

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 - 20% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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.

COMMERCIAL & SPECIALISED DIVING LIMITED (REGISTERED NUMBER: 04846311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 12 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2017
and 31 July 2018 7,500
AMORTISATION
At 1 August 2017 5,250
Charge for year 375
At 31 July 2018 5,625
NET BOOK VALUE
At 31 July 2018 1,875
At 31 July 2017 2,250

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2017 229,845
Additions 612
At 31 July 2018 230,457
DEPRECIATION
At 1 August 2017 128,053
Charge for year 20,481
At 31 July 2018 148,534
NET BOOK VALUE
At 31 July 2018 81,923
At 31 July 2017 101,792

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 300,231 138,387
Other debtors 1,476 1,476
301,707 139,863

COMMERCIAL & SPECIALISED DIVING LIMITED (REGISTERED NUMBER: 04846311)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts (8,840 ) -
Trade creditors 67,281 32,085
Taxation and social security 110,206 114,400
Other creditors 6,803 5,689
175,450 152,174

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 10,579 16,830

9. ULTIMATE CONTROLLING PARTY

Mr P Richards is the managing director and majority shareholder with his spouse.