16 December 2016 false No description of principal activity Taxfiler 2018.14.Web 10529693business:PrivateLimitedCompanyLtd2016-12-162017-12-31 105296932016-12-15 105296932016-12-162017-12-31 10529693business:AuditExempt-NoAccountantsReport2016-12-162017-12-31 10529693business:FullAccounts2016-12-162017-12-31 105296932017-12-31 10529693business:Director12016-12-162017-12-31 10529693business:RegisteredOffice2016-12-162017-12-31 10529693core:WithinOneYear2017-12-31 10529693core:ShareCapital2017-12-31 10529693core:RetainedEarningsAccumulatedLosses2017-12-31 10529693business:SmallEntities2016-12-162017-12-31 10529693countries:EnglandWales2016-12-162017-12-31 10529693core:PlantMachinery2016-12-162017-12-31 10529693core:MotorVehicles2016-12-162017-12-31 10529693core:ComputerEquipment2016-12-162017-12-31 10529693core:PlantMachinery2016-12-15 10529693core:MotorVehicles2016-12-15 10529693core:ComputerEquipment2016-12-15 10529693core:PlantMachinery2017-12-31 10529693core:MotorVehicles2017-12-31 10529693core:ComputerEquipment2017-12-31 10529693business:OrdinaryShareClass12016-12-162017-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10529693 (England and Wales)
SUBSEA ELITE LIMITED Unaudited accounts for the period from 16 December 2016 to 31 December 2017
SUBSEA ELITE LIMITED Unaudited accounts Contents
Page
- 2 -
SUBSEA ELITE LIMITED Company Information for the period from 16 December 2016 to 31 December 2017
Director
Mr Gediminas Paskauskas
Company Number
10529693 (England and Wales)
Registered Office
27 OLD GLOUCESTER STREET LONDON WC1N 3AX UNITED KINGDOM
Accountants
Baltic Accountancy Services Limited Suite 13 St Marks Community Centre 218 Tollgate Road London E6 5YA
- 3 -
SUBSEA ELITE LIMITED Statement of financial position as at 31 December 2017
2017 
Notes
£ 
Fixed assets
Tangible assets
51,389 
Current assets
Debtors
6,494 
Cash at bank and in hand
21,757 
28,251 
Creditors: amounts falling due within one year
(32,331)
Net current liabilities
(4,080)
Net assets
47,309 
Capital and reserves
Called up share capital
10 
Profit and loss account
47,299 
Shareholders' funds
47,309 
For the period ending 31 December 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 August 2018.
Mr Gediminas Paskauskas Director Company Registration No. 10529693
- 4 -
SUBSEA ELITE LIMITED Notes to the Accounts for the period from 16 December 2016 to 31 December 2017
1
Statutory information
SUBSEA ELITE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10529693. The registered office is 27 OLD GLOUCESTER STREET, LONDON, WC1N 3AX, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Depreciation is calculated at 25% on a straight line basis.
Motor vehicles
Depreciation is calculated at 25% on a straight line basis.
Computer equipment
Depreciation is calculated at 25% on a straight line basis.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 16 December 2016
- 
- 
- 
- 
Additions
44,601 
22,317 
1,599 
68,517 
At 31 December 2017
44,601 
22,317 
1,599 
68,517 
Depreciation
Charge for the period
11,150 
5,579 
399 
17,128 
At 31 December 2017
11,150 
5,579 
399 
17,128 
Net book value
At 31 December 2017
33,451 
16,738 
1,200 
51,389 
5
Debtors
2017 
£ 
Other debtors
6,494 
- 5 -
SUBSEA ELITE LIMITED Notes to the Accounts for the period from 16 December 2016 to 31 December 2017
6
Creditors: amounts falling due within one year
2017 
£ 
Taxes and social security
4,576 
Other creditors
26,905 
Accruals
850 
32,331 
7
Share capital
2017 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
8
Average number of employees
During the period the average number of employees was 3.
- 6 -